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CLR - Clover Industries Limited - Report on proceedings at the combined

Release Date: 08/03/2011 10:00
Code(s): CLR CLRP
Wrap Text

CLR - Clover Industries Limited - Report on proceedings at the combined general meeting, special preference shareholders meeting and preference share dividend declaration CLOVER INDUSTRIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) JSE Ordinary share code: CLR ISIN: ZAE000152377 JSE Preference share code: CLRP ISIN: ZAE000152385 ("Clover Industries" or "the Company") REPORT ON PROCEEDINGS AT THE COMBINED GENERAL MEETING, SPECIAL PREFERENCE SHAREHOLDERS MEETING AND PREFERENCE SHARE DIVIDEND DECLARATION At the special meeting of preference shareholders of Clover Industries held today, Monday, 7 March 2011, the special resolution proposed at the meeting was approved by the requisite majority of votes regarding the amendment to the Articles of Association of the Company relating to the rights, privileges and conditions attaching to the cumulative redeemable preference shares ("preference share/s"). Following the aforesaid meeting, at the combined general meeting of ordinary and preference shareholders of Clover Industries held today, Monday, 7 March 2011, the special resolution proposed at the meeting was approved by the requisite majority of votes regarding the amendment to the Articles of Association of the Company relating to the rights, privileges and conditions attaching to the preference shares. The special resolution will be lodged for registration with the Companies and Intellectual Property Registration Office ("CIPRO") immediately. DECLARATION OF PREFERENCE SHARE DIVIDEND NO. 29 Notice is hereby given that a preference share dividend has been declared for the period ending 25 March 2011, payable in South African currency on 28 March 2011, subject to registration of the special resolution by CIPRO and amounts to 5.41 cents per share. The salient dates will be as follows: Finalisation date (registration of Monday, 14 March 2011 special resolution) by Last day to trade "cum" the preference Thursday, 17 March 2011 share dividend on Shares commence trading "ex" the preference share dividend on Friday, 18 March 2011 Record date on Friday, 25 March 2011 Preference share dividend payment date Monday, 28 March 2011 on Share certificates may not be dematerialised or rematerialised between Friday, 18 March 2011 and Friday, 25 March 2011, both days inclusive. The above dates are subject to amendment, any such amendment will be released on SENS. In the event that there is a change to the prime rate after the preference share dividend declaration date, dated 8 March 2011 ("the dividend declaration date"), the dividend amount payable will be recalculated accordingly. Johannesburg 8 March 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 08/03/2011 10:00:01 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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