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ALJ
ALJ
All Joy Foods Limited - Various Corporate Actions Undertaken By All Joy
All Joy Foods Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/000100/06)
(JSE code: ALJ)
(ISIN: ZAE000017240)
("All Joy" or "the Company")
Warning: The listing of ordinary shares in the company is on ALTx.
Investors are advised of the risks of investing in a company listed on
ALTx. Investors are advised that the JSE does not guarantee the viability
or the success of a company listed on ALTx. In terms of the Listings
Requirements, the company is obliged to appoint and retain a Designated
Adviser, which is required to, inter alia, attend all board meetings held
by the company to ensure that all the Listings Requirements and applicable
regulations are complied with, approve the Financial Director of the
company and guide the company in a competent, professional and impartial
manner. If the company fails to retain a Designated Adviser, it must make
arrangements to appoint a new Designated Adviser within 10 business days,
failing which the company faces suspension of trading of its securities.
If a Designated Adviser is not appointed within 30 days of its suspension,
the company faces the termination of its listing without the prospect of an
appropriate offer.
ANNOUNCEMENT ON VARIOUS CORPORATE ACTIONS UNDERTAKEN BY ALL JOY
1. Introduction
Shareholders are advised that the Company proposes to increase its
authorised ordinary share capital from 50 000 000 ordinary shares of 1 cent
each to 500 000 000 ordinary shares of 1 cent each. The increase in the
authorised ordinary share capital of the Company will facilitate the issue
of shares for the funding of future transactions beneficial to the Company.
Other resolutions to amend the articles of association, obtain general
authority to acquire the Company"s own shares for cash, to place the new
unissued but authorised shares (subject to the approval of the special
resolution to increase the authorised share capital) under the control of
the directors and the general authority to issue shares for cash are also
included in a circular dated 19 May 2006.
The purpose of the circular, being posted on Friday, 19 May 2006, is to
provide shareholders with the relevant information relating to the proposed
corporate actions by the Company and the implications thereof so as to
enable them to make an informed decision as to whether or not they should
vote in favour of the special and general resolutions at the general
meeting to be held at the registered office of All Joy, 103 Booysens
Reserve Road, Crown Mines, Johannesburg at 10:00 on Monday, 12 June 2006
necessary to approve and implement the proposed corporate actions.
2. Conditions precedent
The implementation of the corporate actions is subject to the special and
ordinary resolutions as are required for the implementation of the various
corporate actions being duly passed at the general meeting and the special
resolutions being registered by Companies and Intellectual Property
Registration Office.
3. Salient dates and times
2006
Circular posted to shareholders Friday, 19 May
Last day to lodge forms of proxy in respect
of the general meeting by 10:00 on Thursday, 8 June
The general meeting at 10:00 Monday, 12 June
Results of the general meeting released on Monday, 12 June
SENS on
Notes:
1. The above dates and times are subject to amendment. Any such amendment
will be released on SENS.
Johannesburg
19 May 2006
Designated Adviser: Exchange Sponsors (Pty) Limited
Attorney: Stan Fanaroff & Associates
Date: 19/05/2006 10:41:04 AM Produced by the JSE SENS Department
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