Primedia Limited - Results of Annual General Meeti
PMA PMAP PMN
PMA
Primedia Limited - Results of Annual General Meeting
Primedia Limited
(Incorporated in the Republic of South Africa)
Registration number 1993/003355/06
Share code: PMA ISIN: ZAE000035119
Share code: PMN ISIN: ZAE000035127
Share code: PMAP ISIN: ZAE000080529
("Primedia" or "the Company")
Results of Annual General Meeting
Shareholders are advised that at the annual general meeting of Primedia
shareholders held at the registered office of Primedia, First Floor,
Primedia Place, 5 Gwen Lane (Corner Fredman Drive), Sandown, Sandton on
Friday, 1 December 2006, all the resolutions were passed by the requisite
majority of shareholders.
The special resolution will be submitted to the Registrar of Companies for
registration in due course.
BUSINESS UPDATE - PRIMEDIA CONTINUES WITH ITS MOMENTUM
At its AGM today, Primedia updated shareholders on positive trading
conditions.
CEO William Kirsh said: "Our strategy of having a diversified base of
advertising and content businesses continues to underpin the performance of
the group. For the four months ended 31 October 2006, the group posted a
15% increase in revenues from continuing operations. Both the advertising
and content businesses performed satisfactorily, producing growth in
turnover of 16% and 14% respectively. The benefits of operating leverage
at the advertising businesses combined with an increased contribution from
the higher margin content businesses, namely Ster-Kinekor Theatres and
newly launched Primedia Education, contributed to growth in operating
profits exceeding growth in turnover for the four months."
1 December 2006
Sandton
Sponsor: Investec Bank Limited
Date: 01/12/2006 09:13:42 AM Produced by the JSE SENS Department
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