RESULTS OF GENERAL MEETING, CHANGE TO BOARD OF DIR
GILBOA PROPERTIES LIMITED - RESULTS OF GENERAL MEETING, CHANGE TO BOARD OF
DIRECTORS AND COMPANY SECRETARY, SUSPENSION OF TRADE IN SECURITIES AND
CAUTIONARY ANNOUNCEMENT
GILBOA PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/004649/06)
("Gilboa" or "the company")
ISIN Code: ZAE 000010286
Share code: GLB
RESULTS OF GENERAL MEETING, CHANGE TO BOARD OF DIRECTORS AND COMPANY SECRETARY,
SUSPENSION OF TRADE IN SECURITIES AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the resolutions regarding, inter alia, the
disposal of Gilboa House, the acquisition of Stand 315 Waterkloof Ridge
(Proprietary) Limited and Absolute Tiles (Proprietary) Limited were unanimously
approved at the general meeting held on 13 November 2003.
In addition, in compliance with paragraphs 3.59 to 3.61 of the JSE Listings
Requirements, shareholders are advised that Mr ER de la Pierre has resigned from
the board of directors to pursue other business interests and that Arcay Client
Support (Proprietary) Limited (Registration number 1998/025284/07) have been
appointed as company secretary to Gilboa, both with immediate effect. The
registered office of the company is in the process of being changed to the
following:
Physical:
Arcay House
Number 3 Anerley Road
Parktown
Postal:
PO Box 62397
Parktown
2107
SUSPENSION OF TRADE IN SECURITIES AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the company is in negotiations, which, if
successfully concluded, should enable the company to meet the JSE Listings
Requirements for a listing on the Main Board of the JSE Securities Exchange
South Africa ("JSE"). As stated in the circular to shareholders dated
28 October 2003, the acquisitions approved at the general meeting constitute a
reverse listing in terms of JSE Listings Requirements and it is the intention of
the directors to make application for the transfer of the company"s listing to
the Main Board. Until such time as an announcement is made and the company"s
listing is transferred, the trade in the company"s securities will remain
suspended. Accordingly, shareholders should exercise caution when dealing in
their securities outside of the market.
Johannesburg
13 November 2003
Sponsor:
Arcay Group Limited
Date: 13/11/2003 05:13:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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