ADCORP HOLDINGS LIMITED - RESULTS OF THE GENERAL MEETING
Adcorp Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1974/001804/06)
("Adcorp" or "the Company")
Share code: ADR
ISIN: ZAE000000139
RESULTS OF THE GENERAL MEETING
Shareholders of Adcorp are advised that at the general meeting held on
Wednesday, 5 November 2003 the requisite majority of Adcorp shareholders voted
in favour of the ordinary resolutions pertaining to the following transaction:
the proposed sale of all the flexible staffing companies of Adcorp to a new
entity, Adcorp Flexible Staffing Solutions (Proprietary) Limited, in which
Adcorp will hold 75% of the equity and an empowerment consortium, comprising
Black Management Forum Investments and Zungu Investment Company, will hold 25%.
5 November 2003
Melville
Corporate and Legal Advisers Corporate advisers to the
Consortium
Nucleus Corporate Finance (Pty) Ltd African Harvest Capital (Pty)
Limited
Legal advisers to the Consortium Sponsor
Werksmans Deloitte & Touche Sponsor
Services
Date: 05/11/2003 03:11:55 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
