Keaton Energy Holdings Limited - Notice, As Required In Terms Of Section 45(5)(a) Of The Companies Act, For The Granting Of Financial AssistanceRelease Date: 06/05/2016 17:45:00 Code(s): KEH
Keaton Energy Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE code: KEH
ISIN code: ZAE000117420
('Keaton' or the ?Company?)
NOTICE, AS REQUIRED IN TERMS OF SECTION 45(5)(a) OF THE COMPANIES ACT, 71 OF 2008 (THE
ACT) FOR THE GRANTING OF FINANCIAL ASSISTANCE
In terms of the provisions of section 45(5)(a) of the Companies Act, 71 of 2008 ("the Act") and pursuant
to a special resolution passed by shareholders authorising the board of directors ("the board") to
provide direct or indirect financial assistance to a related and inter-related company or corporation
(or any future related or inter related company or corporation), notification is hereby given by the
Company that the board adopted a resolution in terms of section 45(3)(b) of the Act on 6 May 2016,
authorising the Company to grant financial assistance not exceeding R70,000,000 to its subsidiaries,
as and when required.
In accordance with section 45 of the Act, the board is satisfied and acknowledges that: (i) immediately
after providing such financial assistance, the Company would have satisfied the solvency and liquidity
test as provided for in section 4 of the Act; and (ii) the terms under which such financial assistance
would be given are fair and reasonable to the Company.
6 May 2016
Investec Bank Limited
Date: 06/05/2016 05:45:00 Supplied by www.sharenet.co.za
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