| Thu 24 Nov 2005, 11:55 | | Aflease - Results Of The Aflease Scheme Meeting |
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Aflease - Results Of The Aflease Scheme Meeting
Aflease Gold and Uranium Resources Limited
(Formerly The Afrikander Lease Limited)
(Incorporated in the Republic of South Africa)
AFL (JSE) AFLUY (NASDAQ)
(Registration number 1921/006955/06)
ISIN: ZAE000061461 Share Code: AFL
("Aflease")
RESULTS OF THE AFLEASE SCHEME MEETING
1. Results of the Aflease scheme meeting
Further to the announcement dated Friday, 28 October 2005, Aflease ordinary
shareholders are advised that the scheme of arrangement ("the scheme") in
terms of section 311 of the South African Companies Act, 1973 (Act 61 of
1973) proposed by Southern Cross Resources Inc. ("Southern Cross"), between
Aflease and the Aflease ordinary shareholders, excluding Southern Cross,
was approved by 99.96% of Aflease ordinary shareholders present and voting
at the Aflease scheme meeting ("scheme meeting") held today.
Accordingly, application will be made to the High Court of South Africa
(Transvaal Provincial Division) ("the Court") on Tuesday, 6 December 2005
at 10:00 ("the sanctioning hearing") or as soon thereafter as counsel may
be heard for the sanctioning of the scheme. At the sanctioning hearing the
Court will decide on all facts and submissions then before it, whether or
not to sanction and approve the scheme and declare it binding on Aflease
and its ordinary shareholders. The sanctioning hearing will be open to the
public and any interested person affected by the scheme will be entitled to
address the Court, in person or through a legal practitioner entitled to
appear before the Court, on any material aspect relevant to the scheme.
2. Conditions precedent
The Court will not be requested to sanction the scheme if there are
unfulfilled conditions precedent.
3. Chairman"s report
Copies of the Chairman"s report on the scheme meeting will be available at
the registered office of Aflease, being Block A, Empire Park, 55 Empire
Road, Parktown, Johannesburg, during normal business hours, free of charge
on request, from at least 1 (one) week before the sanctioning hearing date
(being 6 December 2005), or any extension of such sanctioning hearing date,
fixed by the Court for the Chairman to report back to it.
4. Further announcements
Further announcements regarding the outcome of the application to the
Court, final salient dates and times of the scheme and details of the
election and surrender procedures for Aflease ordinary shareholders, will
be made to Aflease ordinary shareholders in due course.
Johannesburg
24 November 2005
South African Independent South African Independent
Investment Reporting Legal Counsel professional
Bank, Accountants expert
Corporate
Advisor and
Sponsor
Nedbank PWC Inc. Deneys Reitz E & Y
Capital Corporate Finance
Financial Internation Legal Counsel to Specialised
Advisor al Legal the Financial United States
Counsel Advisor Legal Counsel
BMO Nesbitt Davis & Fasken Martineau Latham and
Burns Company DuMoulin Watkins
Date: 24/11/2005 11:55:08 AM Produced by the JSE SENS Department
