DNA SUPPLY CHAIN INVESTMENTS LIMITED - Ruling by t
DNA SUPPLY CHAIN INVESTMENTS LIMITED - Ruling by the Securities Regulation Panel
("the SRP")
DNA SUPPLY CHAIN INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004875/06)
Share code: DNA ISIN: ZAE000022794
("DNA" or "the Company")
Ruling by the Securities Regulation Panel ("the SRP")
Shareholders of DNA are referred to paragraph 16.5 of the circular to DNA
shareholders dated 29 September 2003 ("the circular"), which circular
convened a meeting of shareholders of DNA for Tuesday, 14 October 2003 ("the
general meeting") for the purposes of passing, with or without modification, an
ordinary resolution to approve of the sale by DNA of its core businesses
operations to Super Group Trading (Proprietary) Limited, a wholly-owned
subsidiary of Super Group Limited ("the Sale").
This paragraph indicated that DNA has sought a ruling from the SRP as to whether
certain of the shareholders of DNA who have given undertakings to vote in favour
of the resolution to be proposed at the above-mentioned general meeting
have certain conflicts that render them not eligible to vote at the general
meeting.
DNA has today, 13 October 2003, received a ruling from the Executive Committee
of the SRP to the effect that it had overturned part of an earlier ruling of the
Executive Director of the SRP as a result of which the following shareholders of
DNA are not entitled to vote at the general meeting:
- Mr S Conradie, chairman of DNA;
- Mr P Baker, executive director of DNA;
- DNA shareholders who were shareholders of Jumpoint (Proprietary) Limited in
November 2000 (when DNA acquired the shares in that company).
DNA has, however, decided to appeal this ruling to the Panel of the SRP. A
further announcement in this regard will be made in due course. However, the
general meeting will proceed on 14 October 2003.
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