AFRICAN PHOENIX INVESTMENTS LIMITED - Demand for Meeting of Shareholders

Demand for Meeting of Shareholders

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL     ISIN: ZAE000221370
(“African Phoenix” or “the Company”)


DEMAND FOR MEETING OF SHAREHOLDERS


Terms defined in the circular distributed to Shareholders on 18 February 2019 shall, unless otherwise stated,
bear the same meaning in this announcement.

Shareholders are advised that the board of directors of African Phoenix (“the Board”) has today received
correspondence from Zarclear Holdings Limited (“Zarclear”), a shareholder holding more than 10% of the
issued share capital in the Company, requiring the Board to call a shareholders meeting in terms of section
61(3) of the Companies Act, 2008 (Act 71 of 2008), as amended, to consider various resolutions for purposes
of:
  -   terminating the General Partner’s mandate to act as the General Partner of the API Capital Fund; and
  -   appointing each of Messrs Nick Sennett, Andrew James Hannington and Tshepho Maseko as non-
      executive directors of the Company.

Shareholders will be kept apprised of the shareholders meeting via further SENS announcements.


Johannesburg
13 September 2019

Sponsor
Merchantec Capital

Date: 13/09/2019 10:43:00
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