IDION - RESULTS OF ANNUAL GENERAL MEETING
IDION Technology Holdings Limited
(Registration Number: 1998/013846/06)
Share Code: IDI ISIN Code: ZAE000022513
(`IDION` or `the Company`)
Results of Annual General Meeting:
The Board of directors of IDION (`the Board`) wishes to inform shareholders that
the following resolutions were duly passed by the requisite majorities at the
Annual General Meeting held on Thursday, 12 August 2004 (`the meeting`):
1. The adoption of the Annual Financial Statements for the year ended 31
December 2003.
2. . The re-election of Ms. C Arnold as a director retiring by rotation.
3. The re-election of Mr. L Van der Bijl as an independent director retiring by
rotation.
4. The re-election of Mr. D Vlok as a director retiring by rotation.
5. The approval of non-executive directors` fees for the past financial year.
6. The approval of the proposed remuneration scales for non-executive directors
fees payable for the period 1 January 2004 to 30 June 2004.
7. The approval of the proposed remuneration scales for non-executive directors
fees payable for the period 1 July 2004 to 30 June 2005.
8. The approval of a general authority granted to the directors, in terms of
which 10% of the authorised, but un-issued share capital of the Company is
placed under the control of the directors.
9. The approval of a general authority to the directors, in terms of which those
shares placed under the control of the directors, may be issued for cash.
10 The approval of a general authority to allow the Company to repurchase its
shares (Special Resolution).
The Board wishes to bring to the attention of IDION shareholders the following:
The Chairman of the meeting proposed an amendment to:
* Ordinary Resolution Number 8, the effect of which was to place only 10% of the
authorised but un-issued shares under the control of the directors as opposed to
the approval originally proposed to place all the un-issued shares under the
control of the directors; and
* Ordinary resolution Number 9, the effect of which was to provide (as a result
of the amendment to Ordinary Resolution Number 8) for only 10% of the Company`s
un-issued shares to be issued for cash as opposed to the 15% originally
proposed.
13 August 2004
Sunninghill
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 13/08/2004 12:58:12
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