RESULTS OF ANNUAL GENERAL MEETING, TRADING STATEME
HOWDEN AFRICA HOLDINGS LIMITED - RESULTS OF AGM, TRADING STATEMENT AND
CAUTIONARY ANNOUNCEMENT
Howden Africa Holdings Limited
(Incorporated in Republic of South Africa)
(Registration Number 1996/002982/06)
JSE Share Code: HWN
ISIN: ZAE000010583
(`HAHL` or `the Company`)
RESULTS OF ANNUAL GENERAL MEETING, TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT
1. Results of Annual General Meeting
Shareholders are advised that, at the annual general meeting held at the
offices of HAHL on Thursday, 27 May 2004, all the resolutions contained in
the notice of annual general meeting were passed by the requisite majority
of HAHL shareholders present or represented by proxy. The special
resolution passed will be lodged with the Registrar of Companies in due
course for registration.
2. Trading Statement
In terms of the JSE Securities Exchange South Africa Listings Requirements
(`JSE Listings Requirements`), companies are required to publish a trading
statement as soon as they become aware that the financial results for the
period to be reported on next will be materially different from that of the
previous corresponding period.
Shareholders are advised that HAHL`s earnings and headline earnings per
share for the six months ended 30 June 2004 are estimated to be materially
lower (`materially` being a decrease of between 10% and 30%, as defined in
the JSE Listings Requirements) than that of the prior comparative period.
This material decrease is attributable to the secondary tax on companies
(`STC`) payable on the special dividend of 47 cents per share, which was
paid to shareholders on 8 March 2004. The total amount of STC paid in
respect of this special dividend amounted to R 3,9m or 5,9 cents per share.
3. Cautionary Announcement
As the above information has not been reviewed or reported on by the
company`s auditors, shareholders are advised to exercise caution when
dealing in the company`s shares until publication of the financial results
for the six months ended 30 June 2004.
27 May 2004
Johannesburg
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
(Registration no: 1970/003711/07)
Date: 27/05/2004 12:58:13 PM Produced by the JSE SENS Department
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