PAP
PAP
Pangbourne - Results of General Meetings
PANGBOURNE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002352/06)
Share code: PAP & ISIN: ZAE000005252
("Pangbourne" or "the Company")
RESULTS OF GENERAL MEETINGS
1. INTRODUCTION
Pangbourne is pleased to announce that all the resolutions relating to the
acquisition by the Company of a portfolio of 48 properties ("the TRFPT
portfolio") from the Transnet Retirement Funds Property Trust ("TRFPT") ("the
acquisition"), proposed at the general meeting of Pangbourne shareholders and
the general meeting of Pangbourne debenture holders (collectively, "the general
meetings") held on Tuesday, 7 March 2006, were passed by the requisite
majorities of shareholders and debenture holders, respectively.
In addition, the resolutions relating to the increase in Pangbourne"s authorised
share capital, authorising the directors of the Company to allot and issue
shares and the amendments to the debenture trust deed proposed at the general
meetings were passed by the requisite majorities of shareholders and debenture
holders, respectively.
The special resolution authorising the increase of authorised share capital of
the Company has been lodged with the Registrar of Companies for registration
2. CONDITIONS PRECEDENT
Competition Commission approval has been granted for the acquisition. All
conditions precedent have now been fulfilled and the acquisition is therefore
unconditional.
Craighall
8 March 2006
Investment bank and sponsor
Standard Bank
Date: 08/03/2006 02:55:02 PM Produced by the JSE SENS Department
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