AVI Limited - Results Of Annual General Meeting
AVI Limited
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group")
RESULTS OF ANNUAL GENERAL MEETING
The ordinary resolutions and special resolution proposed at the annual general
meeting were approved by the requisite majorities. These included the re-
election of Mr Band, Mr Crutchley, Mr Evans and Mr Hersov as directors, and the
passing of a special resolution authorising the repurchase of AVI ordinary
shares under general authority.
Trading update
The following comment relating to recent trading was made by the Chairman at the
AGM:
"Demand for the Group"s products has remained sound with volume growth
accounting for an increase in turnover for the first quarter, on a like-for-like
basis, of 7%. After taking account of the effect of acquisitions, the Group"s
turnover for the quarter increased by 17%.
On a segmental basis the Group"s activities have generally performed in line
with expectations with the exception of I&J. Fishing conditions in the South
African hake fishery have deteriorated when compared with the first quarter of
the prior financial year. This has been exacerbated by the prevalence of small
fish as well as substantially higher marine furnace oil costs."
Chislehurston
Sandton
19 October 2005
Sponsor
Standard Bank
Enquiries
Simon Crutchley, Chief executive
officer Tel: +27 (11) 779 2706
Rob Katzen, Group financial
director Tel: +27 (11) 779 2704
Sam Denoon-Stevens, Investor
relations officer Tel: +27 (11) 779 2721
Date: 19/10/2005 01:41:06 PM Produced by the JSE SENS Department
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