Growthpoint Properties Limited - Amendment To Ordi
Growthpoint Properties Limited - Amendment To Ordinary Resolution
Growthpoint Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN: ZAE000037669
("Growthpoint")
AMENDMENT TO ORDINARY RESOLUTION 2 INCORPORATED IN THE CIRCULAR TO GROWTHPOINT
LINKED UNITHOLDERS POSTED TO GROWTHPOINT LINKED UNITHOLDERS ON TUESDAY, 17 JUNE
2003
Growthpoint linked unitholders are advised that ordinary resolution 2 as set
out in the notice of general meeting incorporated in the circular to Growthpoint
linked unitholders will be amended.
Proposed ordinary resolution 2 previously read as follows:
"Resolved that the directors of Growthpoint be and that they are hereby
authorised to allot and issue between 56 603 774 and 74 471 699 new linked units
of 530 cents each in the capital of Growthpoint at an issue price of 530 cents
per new linked unit."
Proposed ordinary resolution 2 will be amended and will read as follows:
"Resolved that the directors of Growthpoint be and that they are hereby
authorised to allot and issue between 56 603 774 and 94 339 623 new linked units
at an issue price of 530 cents per new linked unit."
In terms of the rules of the JSE, this resolution requires a majority of 75% of
votes cast by unitholders of the company, present in person or by proxy, to vote
in favour thereof. A ruling from the JSE has been obtained allowing the Mine
Pension Funds, the controlling unitholder of Growthpoint, to vote on the
proposed ordinary resolution on the basis that they will not participate in the
merger unit issue nor will they have any beneficial interest in the issue of the
new Growthpoint linked units. To the knowledge of the directors and the Mine
Pension Funds, as at the last practicable date Growthpoint was not the subject
of an announced or expected take-over bid.
For and on behalf of the board
GROWTHPOINT PROPERTIES LIMITED
C M Liebenberg
Company Secretary
Sandton
23 June 2003
Date: 24/06/2003 05:01:07 PM Supplied by www.sharenet.co.za
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