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Brimstone Investment Corporation Limited RESULTS OF GENERAL MEETINGS
Brimstone Investment Corporation Limited
(Registration number 1995/010442/06)
(Incorporated in the Republic of South Africa)
ISIN Number: ZAE000015277 Share Code: BRT
ISIN Number: ZAE000015285 Share Code: BRN
("Brimstone" or the "Company")
RESULTS OF GENERAL MEETINGS
1. Results of the general meeting convened to give effect to the amendments to
the incentive scheme
Shareholders are advised that, at the general meeting of holders of ordinary
shares and "N" ordinary shares in Brimstone ("Brimstone shareholders") held
today, the ordinary resolutions and special resolution proposed to:
- broaden the category of persons who may participate in the scheme as to
include directors of the Company who are not employed by the Company;
- increase the total percentage of the Company"s shares in issue that may
from time to time be utilised for purposes of the incentive scheme;
- increase the total percentage of the Company"s shares in issue from time to
time that may be allocated to an individual participant of the incentive scheme;
and
- authorise, in terms of Section 223 of the Companies Act 61 of 1973, as
amended, the utilisation of the incentive scheme to allow directors of the
Company who are not employees of the Company to participate in the incentive
scheme,complete details of which are set out in the circular to Brimstone
shareholders dated Friday, 28 November 2003, have been passed by the requisite
majority of Brimstone shareholders present at the general meeting or represented
by proxy. The special resolution will be lodged with the Registrar of Companies
for registration.
2. Results of the general meeting convened to ratify and approve the Lenco
Holdings Limited ("Lenco") and Sea Harvest Corporation Limited ("Sea Harvest")
acquisitions
Brimstone shareholders are advised that at the general meeting of Brimstone
shareholders held today, the ordinary resolutions to ratify and approve:
- the acquisition of an effective 25% plus one share in Lenco; and the
acquisition of a further effective 10,76% in Sea Harvest;
- complete details of which are set out in the circular to Brimstone
shareholders dated Friday, 12 December 2003, have been passed by the
requisite majority of Brimstone shareholders present at the general meeting
or represented by proxy.
Cape Town
29 December 2003
Investment bank and sponsor
Nedbank Corporate
Corporate law advisers to Brimstone regarding the Sea Harvest acquisition
Edward Nathan & Friedland (Proprietary) Limited
Attorneys to Brimstone regarding the incentive scheme and the Lenco acquisition
Hofmeyr Herbstein & Gihwala Inc.
Date: 29/12/2003 12:45:07 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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