STELLAR CAPITAL PARTNERS LIMITED - Section 45(5) notice in terms of the Companies Act

Section 45(5) notice in terms of the Companies Act

STELLAR CAPITAL PARTNERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)
("Stellar Capital" or the "Company")
Share code: SCP
ISIN: ZAE000198586


SECTION 45(5) NOTICE IN TERMS OF THE COMPANIES ACT

Notice is hereby given in accordance with section 45(5) of the
Companies Act, 71 of 2008 ("Companies Act") that pursuant to
the authority granted to the board of directors of Stellar
Capital ("the Board") by the Shareholders at the annual
general meeting held on 5 June 2015, the Board has adopted
resolutions to provide financial assistance to related and/or
inter-related entities as contemplated in section 45(2) of the
Companies Act.

The resolutions passed by the Board authorises the Company to
provide financial assistance to its subsidiaries and inter-
related entities, as envisaged in terms of section 45 of the
Companies Act ("the Financial Assistance").

The Board prior to authorising the Financial Assistance
considered and satisfied itself, in terms of section 45 of the
Companies Act, that:

  1. immediately after providing the Financial Assistance, the
     Company would satisfy the solvency and liquidity test as
     contemplated in section 4 of the Companies Act;
  2. there has been due compliance with the Company’s
     memorandum of incorporation and with the Companies Act;
     and
  3. the terms of the Financial Assistance are fair and
     reasonable in relation to the Company.


Cape Town
24 May 2016

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 24/05/2016 09:00:00 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.