Aveng Limited - Results Of General Meeting
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/018119/06)
Share code: AEG ISIN: ZAE000018081
(`Aveng`)
RESULTS OF GENERAL MEETING
1. Introduction
A general meeting of Aveng shareholders was held on Thursday, 9 September 2004
(`the general meeting`) to consider the ordinary resolutions relating to the
proposed introduction of a black economic empowerment (`BEE`) partner into
Grinaker-LTA Limited and Trident Steel Holdings (Proprietary) Limited, both of
which companies are wholly-owned subsidiaries of Aveng (`the proposed BEE
transaction`), which proposed BEE transaction was set out in the circular to
Aveng shareholders dated 25 August 2004.
Investec Bank Limited is authorised to announce that the ordinary resolutions
were passed by the requisite majority of Aveng shareholders at the general
meeting.
2. Remaining conditions precedent
The proposed BEE transaction remains subject to the fulfilment of the
following conditions precedent:
2.1 the Community Investment Trust, Empowerment Trust and the Women`s Trust
being established and registered with the Master of the High Court of South
Africa;
2.2 the Community Investment Trust, Empowerment Trust and the Women`s Trust bind
themselves in writing as parties to the proposed BEE transaction; and
2.3 the approval of the proposed BEE transaction by the Competition authorities.
A further announcement will be made by Aveng once the remaining conditions
precedent have been fulfilled.
9 September 2004
Sandton
Corporate adviser and transactional sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Corporate legal adviser
TABACKS
Sponsor
J P MORGAN
Reporting accountants
Ernst & Young
Chartered Accountants (SA)
(Registered Accountants and Auditors)
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