GIJIMA GROUP LIMITED - Results of General Meeting

Results of General Meeting

GIJIMA GROUP LIMITED
(Incorporated in South Africa)
(Registration number 1998/021790/06)
Share code: GIJ ISIN: ZAE000176533
(“Gijima”)

Results of General Meeting

Gijima shareholders (“Shareholders”) are referred to the notice of general meeting and posting of the
circular dated 16 October 2014. Shareholders are advised that at the general meeting held today, 14
November 2014, the resolutions were duly approved by a requisite majority of Shareholders as
follows:

                                                    % of shares                        % of votes
                                                      voted in                         carried for       % of votes
                                    Number of        person or                             the          against the
                                 shares voted in        proxy                        resolution(in     resolution(in
                                    person or       (in relation    % of shares     relation to the   relation to the
                                       proxy          to total      abstained(in     total number      total number
                                  (in relation to      issued        relation to       of shares         of shares
                                   total issued         share       total issued      voted at the      voted at the
        Resolutions               share capital)      capital)     share capital)       meeting)         meeting)

Special Resolution 1:
Approval of increase in the
                                  169,458,140         85.405           0.001             99.993            0.007
number of authorised shares


Special Resolution 2:
Amendment of memorandum
of incorporation – increase in    169,458,140         85.405            0.001            99.993            0.007
the number of authorised
shares


Special Resolution 3:
Approval of issue of rights
offer shares                      169,458,140         85.405            0.001            99.993            0.007


Special Resolution 4:
Financial assistance in terms
                                  76,704,673          38.658            0.001            98.677            1.323
of section 44 of the
Companies Act, 71 of 2008

Special Resolution 5: Share
                                  169,458,140         85.405            0.001            99.993            0.007
consolidation


Special Resolution 6:
Amendment of memorandum
                                  169,458,140         85.405            0.001            99.993            0.007
of incorporation – share
consolidation


Ordinary Resolution 1:
Signature of documents and
                                  169,458,140         85.405            0.001            99.993            0.007
authority of directors


Ordinary Resolution 2: 
                                  76,704,673          38.658            0.001            99.985            0.015
Condonation of directors’
interests



Special resolutions 1, 2, 5 and 6 have been filed with the Companies and Intellectual Property
Commission.
The Competition Tribunal has unconditionally approved the change of control which will take place
pursuant to the implementation of the rights offer, with the Guma group of companies holding more
than 50% of the issued shares in Gijima and a clearance certificate has been issued by the
Competition Commission to this effect.



Centurion
14 November 2014

Corporate advisor and transaction sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd

Legal Advisor
Webber Wentzel

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