Alexander Forbes Limited - Results Of Annual Gener
Alexander Forbes Limited - Results Of Annual General Meeting
Alexander Forbes Limited
(Incorporated in the Republic of South Africa)
(Registration number 1958/001974/06)
Sharecode: AFB
ISIN code: ZAE000018230
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that all the resolutions put to members at the Annual
General Meeting held today were approved by the requisite majority of those
present in person or by proxy, save for the resolution to place the unissued
shares under the control of the directors, which resolution was withdrawn and
not put to the vote. The resolutions that were approved included the special
resolution providing general authority to the directors to repurchase the
company`s shares and the ordinary resolution authorising a capital distribution
by way of a reduction of the share premium account of 67 cents per share (`the
distribution`) in respect of the year ended 31 March 2005. Accordingly, the
distribution will be payable to ordinary shareholders recorded in the register
as such on 19 August 2005.
In compliance with the requirements of STRATE, the following dates are
applicable:
Last day to trade cum the distribution Friday, 12 August 2005
Date trading commences ex the distribution Monday, 15 August 2005
Record date Friday, 19 August 2005
Date of payment Monday, 22 August 2005
Shares may not be dematerialised or rematerialised between Monday, 15 August
2005 and Friday, 19 August 2005, both days are inclusive.
EXCHANGE CONTROL REQUIREMENTS
The distribution is not freely transferable from South Africa and must be dealt
with in terms of the Exchange Control Regulations of South Africa from the
common monetary area:
EMIGRANTS
The Rand consideration due to shareholders who are emigrants and whose
records/documents of title have been restrictively endorsed under the Exchange
Control Regulations of South Africa who receive the distribution, will be
deposited in a blocked Rand account with the authorised dealers in foreign
exchange in South Africa controlling such emigrants` blocked assets in
accordance with their instructions.
If emigrant shareholders do not provide the name of an authorised bank, the
amount concerned will be held on deposit in a non-interest bearing account under
the control of the transfer secretaries.
All CSDP`s or brokers with whom shares have been dematerialised should note that
they are required to comply with the South African Exchange Control Regulations
set out above.
ALL OTHER NON-RESIDENTS OF THE COMMON MONETARY AREA
The Rand consideration due to certificated shareholders who are non-residents
and whose records/documents of title have been restrictively endorsed under the
Exchange Control Regulations of South Africa, will be deposited with the
authorised dealers in foreign exchange in South Africa nominated by such
shareholders. It will be incumbent on the shareholders concerned to instruct the
nominated authorised dealers as to the disposal of the amounts concerned.
Where the shareholder does not have an authorised dealer in South Africa, a
cheque will be posted, at the risk of such shareholder, to the address of such
shareholder in the share register at the record date.
Sandton
27 July 2005
Joint Sponsors:
J.P. Morgan Equities Limited
Investec
Date: 27/07/2005 12:17:06 PM
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