JCD
JCD
JCI Limited - 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
JCI shareholders are referred to the JCI and Gold Fields Limited ("Gold
Fields") joint announcement, which was published on SENS on 11 September
2006, and to the circular to JCI shareholders issued on 30 October 2006,
wherein JCI shareholders were informed that JCI and JCI Investment
Finance (Proprietary) Limited ("JCIIF") (a wholly-owned subsidiary of
JCI) and JCI Gold Limited (collectively "the JCI subsidiaries") (on the
one hand) and Gold Fields (on the other hand) had reached agreement, in
terms of which Gold Fields would acquire, subject to the fulfilment of
certain conditions precedent, 27 000 000 Western Areas Limited ("WAL")
ordinary shares owned by JCIIF. Reciprocal put and call options had also
been granted by Gold Fields and the JCI subsidiaries, in terms of which
the JCI subsidiaries would have the option to require Gold Fields to
acquire the remaining WAL shares, and Gold Fields would have the option
to require the JCI subsidiaries to sell the remaining WAL shares, subject
to the fulfilment of certain conditions precedent.
JCI shareholders are informed that, at the general meeting held on
Tuesday, 14 November 2006, ordinary resolutions numbers 1 and 2, as set
out in the notice of general meeting, were approved by JCI shareholders
representing 99.99% of JCI"s shares present in person or represented by
proxy.
Accordingly, all the conditions precedent, to which the WAL transaction
was subject, have now been fulfilled and JCI shareholders are advised
that the WAL transaction has become unconditional.
14 November 2006
Johannesburg
Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)
Date: 14/11/2006 05:11:47 PM Produced by the JSE SENS Department
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