Matodzi - Results of General Meeting and Fulfilmen
MTZ
MTZ
Matodzi - Results of General Meeting and Fulfilment of Conditions Precedent
Matodzi Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004523/06)
Share code: MTZ & ISIN: ZAE000042412
("Matodzi")
RESULTS OF GENERAL MEETING AND FULFILMENT OF CONDITIONS PRECEDENT
It was published in the press on Tuesday, 27 June 2006 that Letseng Investment
Holdings South Africa (Proprietary) Limited ("Letseng Holdings"), in which
Matodzi has a 50% equity interest, had entered into a binding legal agreement
with Gem Diamond Mining Company of Africa Limited ("Gem"), in terms of which
Letseng Holdings would dispose of its 76% equity interest in Letseng Diamonds
(Proprietary) Limited to Gem ("the Letseng disposal"), subject to the fulfilment
of certain conditions precedent, the last of which was the approvals by the
shareholders of Matodzi and JCI Limited ("JCI") of the Letseng disposal in
separate general meetings.
Tlotlisa Corporate Finance (Proprietary) Limited is authorised to announce that
at the general meetings of Matodzi and JCI shareholders held at 28 Harrison
Street, Johannesburg on Friday, 29 September 2006 ("the general meetings"), the
ordinary resolutions relating to the Letseng disposal were approved by 100% of
Matodzi shareholders and 93,27% of JCI shareholders present in person or
represented by proxy at the general meetings.
Accordingly, all the conditions precedent to which the Letseng disposal was
subject have now been fulfilled and Matodzi shareholders are advised that the
Letseng disposal has become unconditional.
Sandton
29 September 2006
Corporate advisor
T-corp
Sponsor
Sasfin Capital
Date: 29/09/2006 04:36:02 PM Produced by the JSE SENS Department
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