ELB GROUP LIMITED - Results of the general meeting and dates relating to the odd-lot offer and specific repurchase

Results of the general meeting and dates relating to the odd-lot offer and specific repurchase

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)

RESULTS OF THE GENERAL MEETING AND DATES RELATING TO THE ODD-LOT OFFER AND SPECIFIC REPURCHASE

Results of the general meeting:
Shareholders are advised that at the general meeting of ELB shareholders held today, 13 March 2018, the
special and ordinary resolutions proposed thereat, were approved by the requisite majority of votes.

The total number of ELB ordinary shares in issue is 32 518 579 shares of which 22 073 543 shares,
representing 68%, were voted at the general meeting.

Resolutions:                                                          Votes for                       Votes
                                                                                                    Abstained
                                                           No. of shares       % (1)       No. of shares   %(2)*
Ordinary resolution number 1: - Authority                   22 073 000         100               543        0.00
to make and implement an Odd-lot Offer
Special resolution number 1: - Specific                     22 072 759         100               784        0.00
authority to repurchase shares in terms of a
Specific Offer
Ordinary resolution number 2:- Directors’                   22 073 000         100               543        0.00
authority

Notes:
1. As a percentage of shares voted.
2. As a percentage of total ordinary shares in issue. Less than 0.01%.
3. No shares were voted against the resolutions.

Dates relative to the odd-lot offer and the specific repurchase:
Shareholders are referred to the declaration announcement, dated 12 February 2018, in which shareholders
were advised that the directors of ELB had resolved to make an odd-lot offer and a specific offer (“the Offers”) to
qualifying shareholders to repurchase their shares with the intention of reducing the ongoing administration
costs associated with having a large number of minority shareholders, and are reminded of the following salient
dates:
                                                                                                     2018
Offers open at 09:00 on                                                                     Wednesday, 14 March
Finalisation announcement (containing the Offer prices) released on SENS                       Friday, 23 March
Finalisation announcement published in the press                                               Monday, 26 March
Last day to trade in order to participate in the Offers                                        Tuesday, 3 April
Shares trade ex the Offers                                                                   Wednesday, 4 April
Forms of election and surrender to be received by the Transfer Secretaries by                   Friday, 6 April
12:00
Offers record date (Offers close at 12:00)                                                      Friday, 6 April
Results of the Offers released on SENS                                                          Monday, 9 April
Payment date in respect of certificated shareholders who accepted either of                     Monday, 9 April
the Offers
Accounts at CSDP or broker updated in respect of dematerialised shareholders                    Monday, 9 April
Results of the Offers released in the press                                                   Tuesday, 10 April
Cancellation and termination of listing of the offer shares on                                Thursday,12 April

Johannesburg
13 March 2018

Corporate Adviser and Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 13/03/2018 04:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.