Adjournment Of The General Meeting Of Spescom Shar
Spescom Limited - Adjournment Of The General Meeting Of Spescom Shareholders
Release Date: 02/04/2004 17:26:01 Code(s): SPS
SPESCOM LIMITED - ADJOURNMENT OF THE GENERAL MEETING OF SPESCOM SHAREHOLDERS
SPESCOM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/001083/06)
Share code: SPS ISIN: ZAE000017919
("Spescom" or "the Company")
ADJOURNMENT OF THE GENERAL MEETING OF SPESCOM SHAREHOLDERS
INTRODUCTION
Spescom shareholders are referred to the announcement published in the press on
Wednesday, 31 March 2004 wherein it was stated that the general meeting of
Spescom shareholders convened to be held at 10:00 on Wednesday, 31 March 2004
("the general meeting") was to be adjourned to a date to be advised in due
course.
The purpose of the general meeting is to consider and, if deemed fit, pass, with
or without modification, the ordinary resolutions required to give effect to the
specific issue of 20 000 000 Spescom shares for cash to Vantage Capital Fund
Managers (Pty) Ltd ("Vantage Capital") to enable Vantage Capital to acquire a
strategic investment in Spescom up to 25.4% of the entire issued share capital
of Spescom ("the specific issue").
ADJOURNMENT OF THE GENERAL MEETING AND RATIONALE
The general meeting was adjourned to allow the Company time to consider a
revised offer received from Vantage Capital late on Tuesday afternoon the 30th
March 2004.
Spescom shareholders are advised that they will be informed of the amendments to
the specific issue in due course.
GENERAL MEETING OF SHAREHOLDERS
The adjourned general meeting of shareholders will be reconvened at 12:00 on
Friday, 16 April 2004 at the registered office of Spescom, Cnr Alexandra Avenue
and Second Road, Halfway House, Midrand.
Midrand
2 April 2004
Corporate adviser and sponsor Independent expert
Investec Bank Limited EY Corporate Finance
(Proprietary) Limited
Legal adviser
Fluxmans Attorneys
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