Bonatla - Results Of General Meeting And Salient D
Bonatla - Results Of General Meeting And Salient Dates
Bonatla Property Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/014533/06)
Share code: BNT ISIN: ZAE000013694
("Bonatla" or "the company")
RESULTS OF GENERAL MEETING AND SALIENT DATES
LPC Manhattan Sponsors (Proprietary) Limited is authorised to announce that at
the general meeting of shareholders held on Wednesday, 6 August 2003, subject to
Competition authority approval, shareholders unanimously approved the
resolutions set out in the Notice of General Meeting dated 15 July 2003 ("the
resolutions"). As a result of an urgent interdict brought against the company
on 5 August 2003, Ordinary Resolution Number 2 was modified to exclude from the
sale to Ixia Trading 532 (Proprietary) Limited the Avoca property ("Avoca").
This modification is not expected to materially change the financial effects of
the transaction.
The approval of the resolutions will mean that the company has disposed of its
entire portfolio of properties, with the exception of Avoca, and that
shareholders will receive 52 cents per share by way of a return of capital and
"b-class" linked units in Gold Edge Holdings Limited, to be renamed Alpina
Investments Limited, in the ratio of 9 linked units for every 200 shares held in
Bonatla. In addition, it is expected that a final liquidation dividend will be
paid.
As Competition authority approval has not yet been received, the salient dates
announced previously will not apply unless an announcement to the contrary is
made by no later than 8 August 2003. Shareholders will be informed of the
applicable salient dates once Competition authority approval has been received.
Wierda Valley
6 August 2003
Sponsor
LPC Manhattan
Date: 06/08/2003 05:24:49 PM Produced by the JSE SENS Department
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