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AFRICAN GEM RESOURCES LIMITED - RESULTS OF GENERAL MEETING AND RELATED MATTERS
AFRICAN GEM RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/007292/06)
JSE share code: AFG ISIN: ZAE000025540
(`Afgem`)
RESULTS OF GENERAL MEETING AND RELATED MATTERS
Approval of ordinary resolutions
Shareholders are advised that the ordinary resolutions required to give effect
to the transactions, as described in the circular to shareholders dated 6 May
2004 (`the circular`), were passed by 100% of shareholders present in person
or by proxy at the general meeting of Afgem held at 10:00 on Friday, 21 May
2004.
Fulfilment of suspensive conditions
Shareholders are further advised that all the suspensive conditions, as
described in the circular, have been fulfilled. Shareholders are reminded that
it is intended for the issued share capital of Tanzanite One Limited
(`TanzaniteOne`) to be listed on the Alternative Investment Market of the
London Stock Exchange within 120 days of the disposal having become
unconditional in all respects.
Confirmation of the amount of the cash distribution
The circular listed the cash distribution as a cash payment of a maximum of
110.81 South African cents per Afgem share and a minimum of 109.62 South
African cents per Afgem share. The actual amount of the cash distribution has
now been determined and will be 109.81 South African cents per Afgem share.
Important dates and times
The important dates and times (full details are contained in the circular) are
as follows:
2004
Last day to trade in Afgem shares to be
recorded in the shareholders` register of Afgem as
an Afgem shareholder on the record date on Friday, 28 May
Afgem shares start trading ex-distributions Monday, 31 May
Election period closes, where elections of Afgem
shareholders must have been received by the
Registrars by not later than 12:00 on Friday, 4 June
Record date to determine who qualifies for
the distributions Friday, 4 June
Electronic transfer of funds or cheques posted by
ordinary post to certificated shareholders on Monday, 7 June
Dematerialised shareholders` accounts held at
their Central Securities Depository Participant
or broker credited and/or updated on Monday, 7 June
TanzaniteOne (SA) (Proprietary) Limited (`TanzaniteOne SA`)
renounceable letters of allotment (`TanzaniteOne SA RLA`s`)
will be posted, by ordinary post, to reinvesting shareholders,
within five business days of receipt by TanzaniteOne SA of a
written allocation notice from Afgem. The register of
TanzaniteOne SA members will be updated on Monday, 7 June
In respect of reinvesting shareholders who elect to reinvest their special
dividend proceeds, shares in respect of TanzaniteOne and all its subsidiary
and/or associate companies will be posted to them, by ordinary post, within
five business days of the conversion of TanzaniteOne SA RLA`s.
Afgem shares cannot be dematerialised or rematerialised between Monday, 31 May
2004 and Friday, 4 June 2004, both days inclusive.
Johannesburg
21 May 2004
Corporate advisor to TanzaniteOne SA
BRAIT
Corporate advisor and sponsor to Afgem
JAVACAPITAL
Date: 21/05/2004 04:44:37 PM Produced by the JSE SENS Department
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