EC-HOLD LIMITED - RESULTS OF GENERAL MEETING
EC-Hold Limited
Registration number 1998/020093/06
Incorporated in the Republic of South Africa
Share code: ECH
ISIN code: ZAE000016705
("EC-Hold" or "the Company")
RESULTS OF GENERAL MEETING
Shareholders are referred to the announcement to EC-Hold shareholders dated
13 November 2003, relating to the further adjournment of a general meeting of
shareholders of EC-Hold.
Shareholders are advised that Deloitte and Touche have completed a review of all
transactions between EC-Hold and MGX Holdings Limited ("MGX") since 1999, as
requested by the EC-Hold Board and has prepared a report on its findings ("the
report"). Copies of the report are available on request to all registered
shareholders of the company, from the company secretary at EC-Hold"s registered
offices 22 Milkyway Avenue, Linbro Business Park, Linbro Park, Sandton, 2196.
The meeting was advised that one of the requisitioning shareholders, Republic
Nominees (Proprietary) Limited, had withdrawn its request for EC-Hold
shareholders to vote on the ordinary resolutions before the meeting. The other
requisitioning shareholders, Standard Bank Nominees (Proprietary) Limited, which
is the registered owner of the beneficial shareholder of less than 2% of the
shares of EC-Hold, indicated that it required time to review the report before
it could decide whether or not to withdraw the request for a vote on the
resolutions. In order to save costs of a further postponement and in the
interests of transparency, MGX, as the majority shareholder, offered to support
any request by Standard Bank Nominees (Proprietary) Limited to have any of the
resolutions proposed at this general meeting included in the agenda for the next
annual general meeting.
Accordingly, with the unanimous consent of the remaining requisitioning
shareholder and the other shareholders present, this general meeting of EC-Hold
has been closed.
Sandton
1 December 2003
Sponsor:
Brait
Date: 01/12/2003 05:57:02 PM
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