Sun International - Results of AGM
Sun International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1967/007528/06)
Share code: SUI & ISIN: ZAE000070678
("Sun International" or "the company")
RESULTS OF THE SUN INTERNATIONAL ANNUAL GENERAL MEETING AND BLACK ECONOMIC
EMPOWERMENT ("BEE") TRANSACTION ("THE BEE TRANSACTION")
1. RESULTS OF THE ANNUAL GENERAL MEETING
Shareholders are advised that at the annual general meeting of Sun
International shareholders held on Tuesday, 29 November 2005, the ordinary
and special resolutions proposed in terms of the notice of annual general
meeting dated 7 November 2005 were all passed by the requisite majorities.
The special resolutions will be submitted to the Registrar of Companies for
registration.
2. IMPLEMENTATION OF THE BEE TRANSACTION
The necessary resolutions to give effect to the BEE transaction, as
detailed in the circular to Sun International shareholders dated 7 November
2005 were passed by the requisite majority of shareholders. Sun
International shareholders are advised that all the conditions to the BEE
transaction have been met, other than the consent of the North West
Gambling Board for the financial interest being acquired by the consortium
of BEE parties via Dinokana Investments (Proprietary) Limited, as
contemplated in section 27A of the North West Gambling Act, 2001(this is a
process of determining that the parties are fit and proper). The BEE
transaction will therefore be implemented subject to this resolutive
condition.
3. DIRECTORATE
Following the implementation of the BEE transaction, Mr Valli Moosa and Dr
Lulu Gwagwa have been appointed non-executive directors of Sun
International with effect from 30 November 2005.
Sandton
29 November 2005
Investment Bank and Sponsor to Sun International:
Investec Bank Limited
Corporate Law Advisers to Sun International:
Edward Nathan
Date: 29/11/2005 05:09:07 PM Produced by the JSE SENS Department
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