SAL
SAL
Sallies Limited - Results Of The Rights Offer And Of The General Meeting
Sallies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1903/001879/06)
JSE share code: SAL ISIN: ZAE000022588
("the company" or "Sallies")
RESULTS OF THE RIGHTS OFFER AND OF THE GENERAL MEETING
1. Results of the rights offer
Ernst & Young Sponsors (Pty) Limited is authorised to announce the results of
the rights issue to Sallies shareholders which closed at 12:00 on Friday, 23
June 2006. The rights issue was made in the ratio of 55 new shares for every 100
shares held at the record date at a cash subscription price of 46 cents per new
share ("the rights offer").
Shareholders and their renouncees applied for 139 122 904 shares, equivalent to
98.42% of the total number of shares offered in terms of the rights offer. The
balance of the shares was taken up by the underwriter in terms of the
underwriting agreement.
Safe custody accounts of dematerialised shareholders have been credited with the
new Sallies shares and share certificates were mailed to certificated Sallies
shareholders on Monday, 26 June 2006.
2. Results of the general meeting
At the general meeting of shareholders of the company held at 10:00 on Monday,
26 June 2006, the requisite majority of shareholders approved the ordinary
resolutions as contained in the notice convening that general meeting, relating
to:
- the transaction with African Renaissance Investments (Pty) Limited;
- the placement of shares under the control of the directors;
- the general authority to issue shares for cash; and
- the general authority to the Board.
Johannesburg
26 June 2006
Sponsor
Ernst & Young Sponsors (Pty) Ltd
(Registration number 2000/031843/07)
Date: 26/06/2006 02:30:04 PM Produced by the JSE SENS Department
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