Spescom Limited - Results Of General Meeting
Spescom Limited
(Incorporated in the Republic of South Africa)
(Registration number 1987/001083/06)
Share code: SPS ISIN: ZAE000017919
("Spescom" or "the Company")
RESULTS OF GENERAL MEETING
A general meeting of Spescom shareholders was held on Friday, 16 April 2004 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 at R1,20 per share to Vantage Capital Fund Managers (Pty) Ltd ("Vantage
Capital") to enable Vantage Capital to acquire a strategic investment in Spescom
of 25.4% of the entire issued share capital of Spescom ("the transaction").
All the ordinary resolutions tabled at the general meeting were passed by the
requisite majorities and the transaction is now unconditional.
Midrand
16 April 2004
Corporate adviser and sponsor Independent expert
Investec Bank Limited EY Corporate Finance
(Proprietary) Limited
Legal adviser
Fluxmans Attorneys
Date: 16/04/2004 03:18:24 PM Produced by the JSE SENS Department
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