New Africa Investments Limited - Results Of Annual General Meeting And General
Meeting
NEW AFRICA INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
Share code: NAI and NAN
ISIN: ZAE0000033338 and ZAE0000033346
(`NAIL`)
RESULTS OF ANNUAL GENERAL MEETING AND GENERAL MEETING
GENERAL MEETING
At the general meeting of NAIL shareholders held on Thursday, 28 July 2005, the
ordinary resolutions relating to the disposal of NAIL of its entire interest in
the Alisa Holdings (Proprietary) Limited (`Hertz`) ordinary shares, Hertz
preference shares and any claims which NAIL may have against Hertz (`Hertz
disposal`) were unanimously approved by the NAIL shareholders present
represented by proxy.
NAIL shareholders are advised that the only condition precedent remaining to
implement the Hertz disposal is the approval by the competition authorities of
the Hertz disposal on terms reasonably acceptable to NAIL and Unitrans Motors
(Proprietary) Limited.
ANNUAL GENERAL MEETING
At the 12th annual general meeting (`meeting`) of the shareholders of NAIL held
on Thursday, 28 July 2005, the requisite majority of NAIL shareholders approved
all the ordinary resolutions proposed at the meeting.
DIRECTORATE
In compliance with 3.59 of the listing requirements of the JSE Limited,
shareholders are advised that, at the 12th annual general meeting of NAIL
shareholders Mr Ashley Mabogoane the non-executive chairman of the board of
directors, withdrew his availability for re-election at the AGM and therefore
the resolution regarding his reappointment was not proposed. Accordingly, he has
resigned from the board with effect from Thursday 28 July 2005.
Bryanston
29 July 2005
Investment bank Sponsor Corporate law
Investec Corporate Investec Bank advisers and
Finance Limited consultants
Investec Bank Limited Edward Nathan
(Proprietary)
Limited
Date: 29/07/2005 12:44:26 PM
Produced by the JSE SENS Department
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