Massmart Holdings Limited - Shareholders approve M
MSM
MSM
Massmart Holdings Limited - Shareholders approve Massmart BEE transaction
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
(Share code: MSM)
(ISIN: ZAE000029534)
("Massmart")
SHAREHOLDERS APPROVE MASSMART BEE TRANSACTION
At the general meeting of Massmart held today, 14 July 2006, the requisite
majority of Massmart shareholders approved all the ordinary and special
resolutions proposed relating to the creation and issue of the equivalent of
approximately 10% of Massmart"s current issued share capital to the Thuthukani
Empowerment Trust and the Management Trust ("the BEE Transaction").
Following the imminent registration of the special resolutions by the Companies
and Intellectual Property Registration Office (CIPRO), the BEE Transaction will
be implemented with effect from 1 October 2006.
Sandton
14 July 2006
Merchant bank and transaction Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Company Sponsor:
Deutsche Securities SA (Pty) Limited
Date: 14/07/2006 03:34:09 PM Produced by the JSE SENS Department
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