Mvelaphanda - Results Of The General Meeting Of Mvela Group Shareholders
MVELAPHANDA GROUP LIMITED
(Formerly Rebserve Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Share code: MVG
ISIN: ZAE000060737
("the Company" or "Mvela Group")
RESULTS OF THE GENERAL MEETING OF MVELA GROUP SHAREHOLDERS
At the meeting of Mvela Group shareholders held at 10:00 on Wednesday, 30
November 2005, the resolutions tabled at the meeting to approve the acquisition
("the acquisition") by Mvela Group of a further 24,7% effective interest in
Batho Bonke Capital (Proprietary) Limited, equivalent to a further 2,47%
effective interest in Absa Group Limited, were passed by a majority of more than
99.99% of the votes cast at the meeting.
The acquisition remains subject to the fulfilment of certain conditions
precedent. A further announcement will be made once the remaining conditions
precedent have been fulfilled.
Sandton
30 November 2005
Transaction Sponsor Lead Sponsor
Standard Bank Deutsche Securities
Date: 30/11/2005 05:01:28 PM Produced by the JSE SENS Department
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