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Frontrange Limited - Results of General Meeting and Withdrawal of cautionary
FRONTRANGE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/009928/06)
Share code: FRO & ISIN: ZAE000035325
("the company")
RESULTS OF GENERAL MEETING
Ernst & Young Sponsors (Proprietary) Limited is authorised to announce that at
the general meeting of shareholders of the company held at 11:00 on Wednesday,
21 December 2005 the requisite majority of shareholders approved the ordinary
resolutions as contained in the notice convening that general meeting, relating
to:
- approval of the disposal of the entire issued share capital of and claims
on loan account against FrontRange South Africa (Proprietary) Limited;
- approval of the disposal of the entire outstanding stock of Cayo
Communications Inc.;
- authorisation and empowerment of the directors of the company to procure,
through Ixchange International Holdings ApS, the sale by Ixchange CRM
International Holdings ApS of its interests in FrontRange Solutions Inc.;
- approval of the ordinary resolution authorising the implementation of the
above matters and authorising Mr J Pienaar to execute and sign in his
capacity as Company Secretary all the necessary agreement(s) and related
documentation;
- approval of the ordinary resolution that will enable the company to make a
distribution in South African Rand out of its distributable reserves and as
a return of capital. Further details of that distribution will be
announced in SENS/the daily press on or about Friday, 6 January 2006; and
- approval of the ordinary resolution which will result in the shares in the
company being suspended on the JSE on Friday, 30 December 2005 and later
delisted on Tuesday, 10 January 2006.
Withdrawal of cautionary
Shareholders are advised that, having regard to the disclosures made above, the
requirement to exercise caution as set out in the previous announcements, issued
by the company dated 4 November 2005 and 6 December 2005 respectively, is no
longer required. Accordingly such shareholders are free to deal in their shares
as they see fit.
Johannesburg
21 December 2005
List of advisors:
Sponsor
Nedbank Capital
Transactional sponsor and corporate advisors
Ernst & Young Sponsors (Pty) Ltd
Incorporated in the Republic of South Africa
(Registration number 2000/031843/07)
Legal advisors / attorneys
Webber Wentzel
Date: 21/12/2005 12:08:03 PM Produced by the JSE SENS Department
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