Group Five Limited - Results of Annual General Mee
Group Five Limited - Results of Annual General Meeting and General Meeting
Group Five Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1969/000032/06)
Share code: GRF
ISIN: ZAE000027405
("Group Five" or "the company")
Results of Annual General Meeting and General Meeting
Annual General Meeting
Shareholders are advised that, at the annual general meeting of Group Five held
at the registered office of the company today, all the resolutions were passed
by the requisite majority of shareholders. Shareholders are informed that the
ordinary resolutions relating to placing the unissued shares under the control
of the directors and the general authority to issue shares for cash were
withdrawn prior to the commencement of the annual general meeting.
The special resolution will be submitted for registration at the Registrar of
Companies in due course.
General Meeting
Shareholders are advised that, at the general meeting of Group Five held at the
registered office of the company today, the ordinary and special resolutions
relating to the introduction of direct black ownership into the company, were
unanimously passed by Group Five"s shareholders.
Shareholders are informed that the Scheme Rules of the new Management Incentive
Scheme as contained in Ordinary Resolution Number 5 will be amended as follows:
"Paragraph 2.1.14 "Grant Price" : the price per share payable by a
participant, which price shall be an amount equal to the 30
Day Value Weighted Average Price (30 Day VWAP) at Date of
Grant.
Paragraph 5.1 Shares available for the Scheme : the aggregate number of
Shares which may be utilised for the purpose of the Scheme
on any day, when added to the total number of unexercised
Share Appreciation Rights (SAR) which have been granted
under this Scheme and any shares which have been allocated
to Employees under any other employee share scheme operated
by the company which falls under Schedule 14 of the JSE
Listings Requirements, shall not exceed 10% (ten percent) of
the number of issued ordinary shares of the company."
Johannesburg
29 September 2005
Investment bank and sponsor
Nedbank Capital
Date: 29/09/2005 04:13:21 PM Produced by the JSE SENS Department
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