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IVT - Invicta Holdings Limited - Results of the General Meeting

Release Date: 31/08/2011 11:53
Code(s): IVT
Wrap Text

IVT - Invicta Holdings Limited - Results of the General Meeting Invicta Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1966/002182/06) Share code: IVT ISIN code: ZAE000029773 ("Invicta" or "Invicta Group") RESULTS OF THE GENERAL MEETING Shareholders are referred to the circular posted to Invicta shareholders dated Monday, 1 August 2011 relating to: * the disposal by aloeCap Private Equity Investments 1 Proprietary Limited ("aloeCap") of its 20% ordinary shares in Humulani Investments Proprietary Limited, a 75% subsidiary of Invicta, to Theramanzi Investments Proprietary Limited ("Theramanzi") ("the aloeCap Transaction"); * the funding of Theramanzi (a company that is 100% held by Humulani Empowerment Trust) ("the Trust") and the provision of related securities; and * the provision of loans by Humulani Marketing Proprietary Limited to executive directors of Invicta Group in terms of section 44 and section 45 of the Companies Act, 2008 (Act 71 of 2008) and the specific issue of Invicta shares for cash to executive directors of the Invicta group ("the Loans Transaction"). Both the aloeCap Transaction and the Loans Transaction are collectively referred to as "the Transactions". Shareholders are advised that at the general meeting of Invicta shareholders held today, the special resolutions and the ordinary resolutions were approved by the requisite majority of shareholders to effect the Transactions. The special resolutions will be filed with the Companies and Intellectual Property Commission in due course. Cape Town 31 August 2011 Sponsor Deloitte & Touche Sponsor Services Proprietary Limited Date: 31/08/2011 11:53:02 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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