JCD
JCD
JCI - Results of General Meeting
JCI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1894/000854/06)
Share code: JCD & ISIN: ZAE000039681 (Suspended)
("JCI")
RESULTS OF GENERAL MEETING
On 27 June 2006, JCI announced that Letseng Investment Holdings South Africa
(Proprietary) Limited ("Letseng Holdings") 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 approval
by the shareholders of JCI and Matodzi Resources Limited of the Letseng disposal
in separate general meetings.
Ordinary resolutions 1 and 2 relating to the Letseng disposal were approved by
JCI shareholders representing 93.27% of the issued share capital of the Company.
JCI shareholders are referred to the other JCI announcement published today,
relating to resolutions 3 and 4 as set out in the notice of general meeting.
Accordingly, all the conditions to which the Letseng disposal was subject to
have now been fulfilled, and JCI shareholders are advised that the Letseng
disposal has become unconditional.
29 September 2006
Johannesburg
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 29/09/2006 04:37:03 PM Produced by the JSE SENS Department
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