Primegro Properties Limited - Results Of General M
Primegro Properties Limited - Results Of General Meetings
Primegro Properties Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/018436/06)
Share code: PMG ISIN: ZAE000022620
("Primegro")
RESULTS OF GENERAL MEETINGS
Investec Bank Limited is authorised to announce that general meetings of
Primegro linked unitholders were held on Wednesday, 9 July 2003 ("the general
meetings") to consider the necessary special and ordinary resolutions relating
to:
- the proposed merger of the business of Primegro with that of Growthpoint
Properties Limited ("Growthpoint") ("the proposed merger");
- the proposed members" voluntary winding-up of Primegro ("the voluntary
winding-up") in terms of sections 349 and 350 of the Companies Act, 1973 (Act 61
of 1973), as amended;
- the granting of authority to the board of directors of Primegro ("the
Primegro board") to request the JSE Securities Exchange South Africa ("the JSE")
to terminate the listing of Primegro"s linked units from the JSE; and
- the granting of authority to the Primegro board to declare a distribution
in anticipation of the voluntary winding-up to Primegro"s linked unitholders to
be settled by the distribution of Growthpoint linked units.
99,97% of the Primegro linked unitholders present in person or by proxy voted
in favour of the special and ordinary resolutions at the general meetings.
The proposed merger is still conditional, inter alia, upon approval by the
competition authorities. A further announcement will be made by Primegro once
such suspensive conditions have been fulfilled. Such announcement will also
include details of the distribution to be declared by Primegro in anticipation
of the voluntary winding-up.
Sandton
9 July 2003
Investment bank and transactional sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Attorneys
Jowell, Glyn & Marais
Investment bank, independent advisor and sponsor
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