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
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
2 February 2010
Designated Advisor: PSG Capital (Proprietary) Limited
Date: 02/02/2011 17:10:01 Supplied by www.sharenet.co.za
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