Aveng Limited - AGM Results 28th October 2005
Aveng Limited
(REGISTRATION NUMBER: 1944/018119/06)
INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA
SHARE CODE JSE: AEG
ISIN: ZAE000018081
AVENG LIMITED - AGM RESULTS
Retirement by rotation and re-election:
In terms of the company"s articles of association, Messrs DR Gammie, DG
Robinson, HDK Jones and Ms WE Lucas-Bull, were re-elected as directors following
their retirement by rotation.
Directors" fees - (Ordinary Resolution No. 1)
Resolved by means of an ordinary resolution that;
Annual fees payable to non-executive directors be increased by 6%, effective 1
October 2005.
Annual fees payable for chairing the board, acting as deputy chairman of the
board, chairing and serving on sub-committees of the board, serving on the
boards and audit committees of subsidiaries and attending meetings of such
boards, be increased by 6%, effective 1 October 2005.
Allotment and issue of ordinary shares in respect of the guaranteed convertible
bond - (Ordinary Resolutions No. 2 & 3)
Resolved by means of an ordinary resolution requiring a majority of more than
75% of the votes to be effective for the purposes of the JSE Listing
Requirements that;
The directors be authorised to allot and issue 71 307 597 ordinary shares in the
company, which constitutes approximately 18% of the current total issued
ordinary share of the company to holders of the R1 billion, 6,125% guaranteed
convertible bonds due 2012, as may be required for the conversion of the bonds
into ordinary shares in accordance with their terms.
For and on behalf of
AVENG LIMITED
CM BISHOP
COMPANY SECRETARY
28 October 2005
Sponsor:
J.P.Morgan Equities Limited
Date: 28/10/2005 05:28:10 PM Produced by the JSE SENS Department
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