Bytes Technology Group Limited - Results Of The General Meeting And Withdrawal
Of Cautionary
Bytes Technology Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1911/003874/06)
Share code: BTG ISIN: ZAE000029526
(`BTG` or `the company`)
RESULTS OF THE GENERAL MEETING AND WITHDRAWAL OF CAUTIONARY
BTG shareholders are advised that the ordinary resolutions relating to the
approval of the disposal by BTG of its South African operations to Bytes
Technology Group South Africa (Proprietary) Limited (`Bytes SA`), the specific
issue of shares for cash by Bytes SA to Clidet No. 447 (Proprietary) Limited (to
be renamed `Kagiso Strategic Investments (`KSI`)), the specific grant of an
option for cash by Bytes SA to KSI, and the approval of the shareholders
agreement between BTG, KSI, Bytes SA and Venopt (Proprietary) Limited, were
passed by the requisite majority of BTG shareholders present or represented by
proxy at the general meeting, held today at the company`s registered office.
Shareholders are referred to the cautionary announcement dated 9 March 2004 and
are advised that, as the conditions precedent to the transactions have now all
been fulfilled, caution is no longer required to be exercised when dealing in
their securities.
Johannesburg
31 May 2004
Investment bank, advisor and lead sponsor
Nedbank Capital
Attorneys
Werksmans
Joint sponsor
Cazenove
Corporate adviser to Kagiso
Kagiso Ventures
Legal adviser to Kagiso
Nucleus Corporate Finance
Independent expert to BTG
PricewaterhouseCoopers Corporate Finance
Reporting accountants to BTG
KPMG
Date: 31/05/2004 02:03:06 PM Produced by the JSE SENS Department
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