Purple Capital Limited - Results of general meeting
Purple Capital Limited
(formerly AVASA Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000063897
(`Purple Capital` or `the company`)
Results of general meeting
Shareholders are advised that, at the general meeting held today, the ordinary
resolution to approve the acquisition by Purple Capital of a 20% interest in
acsis Limited (`the acsis acquisition`) was approved by the requisite majority
votes.
With respect to the proposed acquisition by the company of a 30% interest in
Bridge Capital Group Limited (`the BCG acquisition`), in terms of the Listings
Requirements of the JSE Securities Exchange South Africa, Purple Capital
appointed BDO QuestCo (Pty) Limited (`the expert`) as the independent
professional expert. The expert is of the opinion that the BCG acquisition is
fair and reasonable to Purple Capital shareholders and a copy of its opinion is
available for inspection at the company`s registered office.
As all the conditions precedent for the acsis acquisition and the BCG
acquisition have now been fulfilled, the new Purple Capital shares to be issued
in terms of these acquisitions will be listed on Monday, 23 May 2005.
Johannesburg
19 May 2005
Sponsor: Bridge Capital Services (Pty) Limited
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