|
Onelogix Group Limited - Results Of General And Annual General Meetings Of
Shareholders And Appointment Of Directors
ONELOGIX GROUP LIMITED
(Registration number 1998/004519/06)
Share code: OLG
ISIN: ZAE000026399
("OneLogix" or "the Company")
RESULTS OF GENERAL AND ANNUAL GENERAL MEETINGS OF SHAREHOLDERS AND APPOINTMENT
OF DIRECTORS
Java Capital is authorised to announce that all of the resolutions proposed at:
* the general meeting convened on Tuesday, 22 November 2005 in terms of the
notice of general meeting contained in the circular to shareholders issued on 31
October 2005; and
* the annual general meeting convened on Tuesday, 22 November 2005 in terms of
the notice of annual general meeting contained in the company"s annual report
issued on 31 October 2005,
were passed by the requisite majorities.
Accordingly, the transaction pursuant to which OneLogix (Pty) Limited, the
operating subsidiary of Onelogix, will achieve BEE credentials of 25% ownership
and 25,1% control has become unconditional. As a result, and in accordance with
Section 3.59 of the JSE Limited Listings Requirements, shareholders are advised
that Sipho Mila Pityana and Tsakani Matshazi have been appointed to the board of
OneLogix as non-executive chairperson and non-executive director respectively,
with immediate effect.
Sipho is the executive chairman of Izingwe Capital (Pty) Limited, which now owns
20% of the issued shares of OneLogix (Pty) Limited, and has held positions
including Director General of the Departments of Labour and Foreign Affairs and
Managing Director of Nedbank Strategic Business Development. He is currently
Deputy Chair of Aberdare Cables (Proprietary) Limited, a director of Human
Sciences Research Council of South Africa and on the board of Bytes Technology
Group Limited.
Tsakani, a chartered accountant, is the financial director of Izingwe, having
completed articles at PricewaterhouseCoopers Inc. before working in private
equity at WorldWide Capital (Proprietary) Limited and as a manager of a business
unit within the Eastern Cape Development Corporation.
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the ALTX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE Listings Requirements and applicable
regulations are complied with, approve the financial director of the company and
guide the company in a competent, professional and impartial manner. If the
company fails to retain a designated advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
Rosebank
22 November 2005
Designated advisor
Java Capital (Proprietary) Limited
Date: 22/11/2005 04:58:27 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
