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Growthpoint Properties Limited - Amendment To Ordinary Resolution

Release Date: 24/06/2003 17:01
Code(s): GRT
Wrap Text

Growthpoint Properties Limited - Amendment To Ordinary Resolution Growthpoint Properties Limited (Incorporated in the Republic of South Africa) (Registration number 1987/004988/06) Share code: GRT ISIN: ZAE000037669 ("Growthpoint") AMENDMENT TO ORDINARY RESOLUTION 2 INCORPORATED IN THE CIRCULAR TO GROWTHPOINT LINKED UNITHOLDERS POSTED TO GROWTHPOINT LINKED UNITHOLDERS ON TUESDAY, 17 JUNE 2003 Growthpoint linked unitholders are advised that ordinary resolution 2 as set out in the notice of general meeting incorporated in the circular to Growthpoint linked unitholders will be amended. Proposed ordinary resolution 2 previously read as follows: "Resolved that the directors of Growthpoint be and that they are hereby authorised to allot and issue between 56 603 774 and 74 471 699 new linked units of 530 cents each in the capital of Growthpoint at an issue price of 530 cents per new linked unit." Proposed ordinary resolution 2 will be amended and will read as follows: "Resolved that the directors of Growthpoint be and that they are hereby authorised to allot and issue between 56 603 774 and 94 339 623 new linked units at an issue price of 530 cents per new linked unit." In terms of the rules of the JSE, this resolution requires a majority of 75% of votes cast by unitholders of the company, present in person or by proxy, to vote in favour thereof. A ruling from the JSE has been obtained allowing the Mine Pension Funds, the controlling unitholder of Growthpoint, to vote on the proposed ordinary resolution on the basis that they will not participate in the merger unit issue nor will they have any beneficial interest in the issue of the new Growthpoint linked units. To the knowledge of the directors and the Mine Pension Funds, as at the last practicable date Growthpoint was not the subject of an announced or expected take-over bid. For and on behalf of the board GROWTHPOINT PROPERTIES LIMITED C M Liebenberg Company Secretary Sandton 23 June 2003 Date: 24/06/2003 05:01:07 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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