WB Holdings - Results Of General Meeting
WB Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE code: WBH & ISIN: ZAE000007902
("WB Holdings" or "the company")
RESULTS OF GENERAL MEETING
Shareholders are advised that at the general meeting, held on 28 November 2005,
shareholders of WB Holdings voted in favour of the ordinary resolutions to
approve the following:-
* the disposal of all of its assets to SGM Investments (Proprietary) Limited
"the disposal");
* the distribution of the proceeds of the disposal, after taxation and
transaction costs, to shareholders by means of a special dividend of R1.82
per share ("the distribution"); and
* the waiver of their right to a mandatory offer of R0.15 cents per share
resulting from the change in control of WB Holdings.
The disposal and distribution will be implemented as follows:
2005
Last day to trade in shares to be recorded Thursday, 8 December
in the register of WB Holdings as a
shareholder on the record date in order to
participate in the distribution
Shares commence trading ex distribution Friday, 9 December
Record date for purposes of distribution Thursday, 15 December
Pay date - distribution cheques posted or Monday, 19 December
CSDP or broker accounts updated on
No share certificates may be dematerialised or rematerialised between Friday, 9
December and Thursday, 15 December 2005, both days inclusive.
Cape Town
28 November 2005
Corporate Advisor and Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 28/11/2005 01:01:03 PM Produced by the JSE SENS Department
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