AVI - Results of Annual General Meeting and Genera
AVI
AVI
AVI - Results of Annual General Meeting and General Meeting
AVI Limited
(Registration number 1944/017201/06)
Share code: AVI
ISIN: ZAE000049433
("AVI" or "the Group")
RESULTS OF ANNUAL GENERAL MEETING AND GENERAL MEETING
Annual General Meeting Results
The ordinary resolutions and special resolution proposed at the annual
general meeting were approved by the requisite majorities. The special
resolution will be registered with CIPRO in due course. These included the
re-election of Mr Cressey, Mr Buthelezi, Mrs Canca and Mr Goss as
directors, and the passing of a special resolution authorising the
repurchase of AVI ordinary shares under general authority.
General Meeting Results
AVI shareholders are referred to the announcement and circular to AVI
shareholders dated Thursday 28 September 2006 regarding the adoption of the
AVI Black Staff Empowerment Scheme and a specific issue of shares for cash
to the AVI Black Staff Empowerment Trust to facilitate broad-based
empowerment of AVI"s current and future black employees.
A general meeting of AVI shareholders was held this morning at which the
requisite majority of shareholders approved the resolutions necessary to
give effect to:
- The adoption of the AVI Black Staff Empowerment Scheme;
- The specific issue of 26.5 million shares into the AVI Black Staff
Empowerment Trust; and
- Authorising the directors of AVI to give effect to and implement the
above resolutions.
Chislehurston
Sandton
18 October 2006
Sponsor
Standard Bank
Transactional Sponsor - AVI Black Staff Empowerment Scheme
Nedbank Capital
Enquiries
AVI Limited
Simon Crutchley Tel: +(27) 11 779 2706
Chief executive officer
Owen Cressey Tel: +(27) 11 779 2704
Chief financial officer
College Hill
Louise Brugman Tel: +(27) 11 447 3030
Date: 18/10/2006 01:07:02 PM Produced by the JSE SENS Department
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