Alexander Forbes Limited - Results Of General Meet
Alexander Forbes Limited - Results Of General Meeting
Alexander Forbes Limited
(Incorporated in the Republic of South Africa)
(Registration number 1958/001974/06)
Share code: AFB
ISIN code: ZAE 000018230
(`Alexander Forbes` or `the company`)
RESULTS OF GENERAL MEETING
Passing of ordinary resolution
Shareholders are advised that, at the general meeting held at the offices of
Alexander Forbes on Monday, 6 September 2004, the ordinary resolution regarding:
- the entering into of the agreement between the company and VenFin Limited
(`VenFin`) in respect of the subscription by VenFin (or a subsidiary of VenFin
nominated by it) for 114 800 000 shares in the capital of the company at a
subscription price of R10.10 per share; and
- the issuing by Alexander Forbes to VenFin (or a subsidiary of VenFin nominated
by it) of 114 800 000 shares in the capital of Alexander Forbes for an aggregate
subscription price of R1 159 480 000 payable in cash;
was passed by the requisite majority of shareholders present.
Conditions precedent
All conditions precedent which were required to be fulfilled have been fulfilled
and the issue of shares for cash as well as the purchase of the Exchangeable
Bonds from VenFin as detailed in the circular dated 10 August, have now become
unconditional.
Sandton
6 September 2004
Financial Adviser and Lead Sponsor
Cazenove
Joint Sponsor
Investec
Date: 06/09/2004 04:23:14 PM Produced by the JSE SENS Department
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