Elexir - Results of General Meeting
ELEXIR TECHNOLOGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/004365/06)
Share Code: ELX ISIN Code: ZAE000016663
(`Elexir` or `the Company`)
Results of General Meeting
Introduction
Shareholders are referred to the announcements dated 7 October 2004, 11 February
2005 and the circular to Elexir shareholders dated 4 February 2005 relating to:
- the disposal of a property by Elexir;
- the discharge of certain debt owed by Elexir by way of the issue of 60 000
000 ordinary shares in Elexir to TV Homewatch and the issue of 20 000 000
ordinary shares in Elexir for the settlement of SME Corporate Solution`s
fee;
- the proposed increase in the authorised ordinary share capital of Elexir;
and
- the related party disposal of a business unit.
Shareholders are advised that at the general meeting held today, Monday, 28
February 2005, the requisite 75% majority of shareholders passed the special
resolutions to approve the specific issue of shares for cash to TV Homewatch and
SME Corporate Solutions and the increase in the authorised share capital of
Elexir. These special resolutions will become effective upon registration
thereof by the Registrar. The requisite 50% majority of shareholders passed the
general resolutions to approve the disposal of the property and the related
party disposal of a business unit to Securicom.
Accordingly the 80 000 000 new Elexir ordinary shares will be listed on the JSE
Securities Exchange South Africa from commencement of business on Friday, 4
March 2005, subject to the registration by the Registrar of the requisite
special resolutions.
28 February 2005
Johannesburg
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