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Trans Hex GroupLimited - Results of general meeting

Release Date: 13/11/2001 14:14
Code(s): TSX
Wrap Text
Trans Hex Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
("Trans Hex")
Mvelaphanda Diamonds
(Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/025635/07)
("Mvela Diamonds")    ISIN number: ZAE 000018552
Results of general meeting

Standard Corporate and Merchant Bank and RMB Resources are authorised to announce that, at the general meeting of Trans Hex shareholders held on 13 November 2001, the requisite majority of shareholders present at the meeting and entitled to vote, approved the resolutions necessary to authorise the issue of 16 million unsecured 13,5% participating compulsorily convertible debentures to Mvela Diamonds for a consideration of R152 million ("the debenture issue").
A further announcement will be made once all the conditions precedent to the debenture issue have been fulfilled. Parow 13 November 2001 Joint merchant banks to Mvela Diamonds Standard Corporate and Merchant Bank
(A division of The Standard Bank of South Africa Limited) (Registration number 1962/000738/06) RMB Resources Independent financial adviser to Trans Hex Investec Corporate Finance (Investec Bank Limited (Registration number 1969/004763/06) Sponsor to Trans Hex in South Africa Rand Merchant Bank Corporate Finance A Division of FirstRand Bank Limited Sponsoring broker to Trans Hex in Namibia Jloyon Irwin Member of the NSX IJG (Pty) Ltd Reporting accountants to Trans Hex Pricewaterhousecoopers Inc. Chartered Accountants (SA) Registered Accountants and Auditors (Registration no 1998/012055/21) Attorneys to Mvela Diamonds Werksmans Attorneys Attorneys to Trans Hex Deneys Reitz Attorneys

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