MTA - Metair - Results of general meeting: introdu
MTA
MTA
MTA - Metair - Results of general meeting: introduction of the Metair share
Incentive trust
METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1948/031013/06)
Share code MTA ISIN ZAE000004743
("Metair" or "the company"
RESULTS OF GENERAL MEETING: INTRODUCTION OF THE METAIR SHARE INCENTIVE TRUST
("the Trust")
Shareholders are advised that, at the general meeting of Metair held on 12
February 2007, the ordinary resolution required to approve the introduction of
the Trust was modified by the introduction of an administrative amendment,
highlighted in the resolution set out below:
`As ordinary resolution number 1
"Resolved that the new share incentive scheme of the company, the terms and
conditions of which are contained in the trust deed governing The Metair Share
Incentive Trust, the salient features of which are set out in the annexure to
this circular and a copy of which has been initialled by the chairman of the
general meeting for purposes of identification, be and is hereby approved, ON
THE BASIS THAT, ONCE OUTSIDE FUNDING FOR THE TRUST HAS BEEN OBTAINED AND THE
COMPANY HAS BEEN RELEASED FROM ITS CONTINGENT LIABILITY, THE SCHEME WILL BE
CLOSED TO NEW PARTICIPANTS AND THE RESTRICTIONS PLACED ON THE TRUST IN TERMS OF
THE LISTINGS REQUIREMENTS OF THE JSE LIMITED WILL BE REMOVED."`
The modified ordinary resolution was approved by 97,1% of the shareholders
present and voting at the meeting.
By order of the board
Parktown
12 February 2007
Corporate adviser Sponsor
Lanark Financial Services Arcay Moela Sponsors (Pty) Limited
Attorneys Auditors
Hofmeyr Herbstein Gihwala Inc. PricewaterhouseCoopers Inc.
Date: 12/02/2007 15:36:09 Produced by the JSE SENS Department.
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