NOTICE OF GENERAL MEETING
Further to the announcement of 14 May 2003 relating to the proposed
recapitalisation of AST, notice is hereby given that a general meeting of
shareholders of AST will be held at 09:00 on Thursday, 3 July 2003 in the
boardroom of the Company, Block 6, Lords Office Estates, 276 West Street,
Centurion, 0157 for the purpose of considering and, if deemed fit, passing with
or without modification, special and ordinary resolutions that, if passed, will
have the effect that:
* the Articles of Association of the Company will be amended so as
to enable the Company to issue shares to parties who are not at
the date of issue members of the Company;
* AST increases its authorised share capital by R200 000 through
the creation of 2 000 000 000 additional ordinary shares that
will rank pari passu in all respects with existing AST ordinary
shares;
* 1 333 333 333 authorised but unissued AST ordinary shares shall
be placed under the control of the directors of AST for the
purposes of implementing the proposed rights offer; and
* the authorised and issued share capital of the Company will be
consolidated on a one for ten basis after the completion of the
proposed rights offer.
A circular to AST shareholders, incorporating a notice of general meeting, has
been posted to AST shareholders. Forms of proxy are required to be returned to
AST"s transfer secretaries, Ultra Registrars (Proprietary) Limted, 5th Floor, 11
Diagonal Street, Johannesburg, 2001 (PO Box 4844, Johannesburg, 2000) so as to
arrive by no later than 17:00 on Tuesday, 1 July 2003.
Centurion
12 June 2003
Merchant Bank and advisor
Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited)
(Registration number 1962/000738/06) (Moss Morris)
Sponsor
Cazenove South Africa (Proprietary) Limited
(Registration number 1998/011736/07)
Attorneys to AST
Moss Morris Attorneys
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
