WTL - William Tell Holdings Limited - Posting of circular containing a notice

Release Date: 02/02/2011 17:10
Code(s): WTL
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WTL - William Tell Holdings Limited - Posting of circular containing a notice of general meeting WILLIAM TELL HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2004/030045/06) JSE code: WTL ISIN: ZAE000098133 ("the Company") POSTING OF CIRCULAR CONTAINING A NOTICE OF GENERAL MEETING Shareholders are hereby advised that a circular, dated 1 February 2011, containing details of a proposed increase in the general authority of directors to issue ordinary shares in the share capital of the Company for cash from up to a maximum of 5% of the total number of issued shares (as previously approved by shareholders) to up to a maximum of 50% of the total number of issued shares ("the increased authority"), was posted on 1 February 2011 ("the circular"). Although there is no current intention of issuing shares for cash, the directors deem it prudent to "normalise" this authority in accordance with the Listings Requirements for companies listed on the AltX and in line with other companies listed on this exchange to ensure that the directors are properly authorised to take advantage of opportunities should the need arise. The circular includes a notice of a general meeting of shareholders, convened for Wednesday, 16 February 2011 at 09:00 at 31 Van Eck Street, Chamdor, Krugersdorp for the purpose of considering, and if deemed fit, passing with or without modification, the resolutions pertaining to the increased authority. Johannesburg 2 February 2010 Designated Advisor: PSG Capital (Proprietary) Limited Date: 02/02/2011 17:10:01 Supplied by www.sharenet.co.za 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.
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