STEERS HOLDINGS LIMITED -
STEERS HOLDINGS LIMITED
(Registration No. 1969/004875/06)
("Steers Holdings")
Share Code: STE
ISIN No: ZAE000008330
ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL IN PLEASURE FOODS (PTY) LIMITED
("PLEASURE FOODS")
Java Capital is authorised to announce the results of the general meeting of
shareholders of Steers Holdings, held on 12 November 2003, convened in terms of
the notice of meeting contained in the Steers Holdings circular issued on 27
October 2003.
Shareholders representing 78,06% of Steers Holdings shares in issue attended the
shareholders meeting (in person or by proxy) and 99,9% of these shares were
voted in favour of the acquisition of the entire issued share capital in
Pleasure Foods.
Accordingly the agreement for the acquisition of the entire issued share capital
in Pleasure Foods is now unconditional.
The transfer of the shares in Pleasure Foods, and the associated payment
therefore, is expected to take place on or about 1 December 2003.
Johannesburg
12 November 2003
Corporate advisors and sponsor to Steers Holdings:
Java Capital
Attorneys to Steers Holdings:
HR Levin
Debt provider to Steers Holdings:
Investec Bank Limited
Date: 12/11/2003 01:52:02 PM Supplied by www.sharenet.co.za
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