Putco Limited - Results Of General And Scheme Meetings
PUTCO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1945/018672/06)
JSE share code: PTC
ISIN: ZAE000005716
(`the company` or `Putco`)
RESULTS OF GENERAL AND SCHEME MEETINGS
Shareholders are notified that at the general meeting of Putco shareholders
reconvened on Tuesday, 3 August 2004 at 11h00, approval was not obtained from
the required 75% majority to authorise the company to acquire, in terms of
section 85 of the Companies Act, as a specific repurchase of shares, all of the
shares held by Putco shareholders other than those shares held by Lexshell 603
Investments (Proprietary) Limited (`Lexshell`).
As a consequence of the above and given that the scheme of arrangement (`the
scheme`) proposed in terms of section 311 of the Companies Act, 1973 (Act 61 of
1973), as amended, between Putco and its shareholders other than Lexshell, was
conditional on the aforementioned special resolution being passed, the proposed
scheme will not proceed.
Putco shareholders whose shares have been dematerialised need take no action.
Putco shareholders who have not yet dematerialised their Putco shares and who
have surrendered their documents of title in anticipation of the scheme becoming
operative, will have their documents returned to them by the company`s transfer
secretaries by registered post, at such shareholders` risk.
Sandton
3 August 2004
Attorneys to Putco
Werksmans Inc
Corporate advisor to Putco
EY Corporate Finance (Proprietary) Limited
Sponsor to Putco
Ernst & Young Sponsors (Proprietary) Limited
Independent expert to Putco minorities
KPMG Services (Proprietary) Limited
Date: 03/08/2004 03:46:02 PM
Produced by the JSE SENS Department
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