ELB Group Limited - Results Of General Meeting
ELB Group Limited
Incorporated in the Republic of South Africa)
Registration number: 1930/002553/06
Share Code: ELR
ISIN: ZAE000035101
(`ELB`)
RESULTS OF GENERAL MEETING
Further to the announcement dated 17 August 2004, Andisa Capital is authorised
to announce that at the general meeting of ELB shareholders held at the offices
of ELB at 1st Floor, 55 Sixth Road, Hyde Park, Sandton at 9:00 today, Wednesday,
29 September 2004, the necessary resolutions to approve and ratify the disposal
by ELB of ELB McWade Electrical (Proprietary) Limited to Wellspan Investments
(Proprietary) Limited (`Wellspan`)for a cash consideration of R30 million (`the
disposal`) have been passed by the requisite majority of shareholders.
It is further announced that the only condition precedent to the disposal that
has not been fulfilled is the formal granting of a loan by The Standard Bank of
South Africa Limited to Wellspan for the cash consideration of R30 million. ELB
will inform its shareholders, through the Securities Exchange News Service
(SENS), once the disposal has become unconditional.
Sandton
29 September 2004
Financial adviser: Andisa Capital
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE
FINANCE
Date: 29/09/2004 09:12:05 AM
Produced by the JSE SENS Departmen
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