REPORT ON PROCEEDINGS AT THE SPECIAL GENERAL MEETI
INTERVID LIMITED - REPORT ON PROCEEDINGS AT THE SPECIAL GENERAL MEETING AND
RESIGNATION OF DIRECTORS
INTERVID LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/011483/06)
Share code: ITV
ISIN : ZAE000025615
("Intervid")
REPORT ON PROCEEDINGS AT THE SPECIAL GENERAL MEETING AND RESIGNATION OF
DIRECTORS
A special general meeting of shareholders was held at Intervid"s head office
today to consider various proposals to appoint and remove various directors to
the board, in accordance with the notice served on Intervid by the major
shareholders in terms of Section 220 of the Companies Act, 1973 (Act 61 of 1973)
as amended.
The following transpired during the course of the meeting:
* At the outset of the meeting Messrs Mr W F Lambert resigned his appointment
as independent non-executive Chairman of Intervid Limited.
It was accordingly unnecessary to propose the resolution to remove Mr W F
Lambert as the independent non-executive Chairman of Intervid.
* During the meeting Messrs M J G Taylor and W D Jaggard resigned as
directors of Intervid due to no longer being comfortable about the ongoing
financial support which Intervid requires to remain in business.
* The resolutions to appoint Messrs R L Evans and G B O"Reilly as independent
non-executive directors and Ms C E Howard as an non-executive director of
Intervid were duly passed.
Durban
24 February 2004
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 24/02/2004 08:11:02 AM Produced by the JSE SENS Department
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