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PETMIN - RESULTS OF THE ANNUAL GENERAL MEETING AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT
PETRA MINING LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1972/001062/06)
Share Code: PET
ISIN: ZAE000010237
("Petmin" or "the company")
Announcement
Regarding:
- The results of the Annual General Meeting;
- Results of the offer to shareholders;
- Specific issue for cash;
- Board appointments and resignation;
- Appointment of secretary; and
- Renewal of cautionary announcement.
River Group is authorised to announce the following:
1. Results of the Annual General Meeting
All the resolutions proposed at the Annual General Meeting held on 30 January
2004 were passed by the requisite majority of shareholders either present or by
proxy.
2. Result of the offer to shareholders
Shareholders holding 14 424 224 shares in Petmin, or 18,03% of the issued share
capital of the company accepted the offer to shareholders at 30 cents per share.
These shares were purchased by the underwriters.
Shareholders who accepted the offer comprised:
Number %
Non-public shareholders 10 694 488 13,37
Public shareholders 3 729 736 4,66
14 424 224 18,03
3. Specific issue for cash
PSG Capital Limited ("PSG") has committed to acquire a 20% interest in the
issued share capital of Petmin at 30 cents per share after the close of the
offer. Accordingly, Petmin will issue 16 968 130 shares by way of a specific
issue for cash to PSG in order that their shareholding attains the 20% level.
The resolution required for this specific issue for cash was passed at the
Annual General Meeting on 30 January 2004.
The financial effects of this issue, required in terms of the JSE Listing
Requirements, will be made available in an announcement to shareholders when
these shares are issued.
4. Board appointments and resignation
The following people have been appointed to the Board of Petmin with effect from
30 January 2004.
- Mr Dawie Warmenhoven - CEO Designate
- Mr Enrico Greyling - Non Executive
- Mr Jabu Mabena - Non Executive
- Ms Lebo Mogotse - Non Executive
Following the change in control of Petmin, Mr Hilton Chapman has resigned from
the Board of Directors, effective 30 January 2004.
5. Appointment of secretary
DHW Secretarial Services (Pty) Ltd, Petmin"s company secretary has resigned,
effective 30 January 2004, and have been replaced by River Sponsors (Pty) Ltd.
6. Renewal of cautionary announcement
As Petmin is currently trading as a cash company, shareholders are advised to
exercise caution in their dealings in the company"s shares until a further
announcement is made.
Pretoria
4 February 2004
Sponsor
River Group
Date: 04/02/2004 05:31:03 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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