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AND - Andulela Investment Holdings Limited - Results of general meeting

Release Date: 26/03/2012 14:42
Code(s): AND
Wrap Text

AND - Andulela Investment Holdings Limited - Results of general meeting ANDULELA INVESTMENT HOLDINGS LIMITED (Registration number: 1950/037061/06) Share code: AND ISIN code: ZAE000125894 ("Andulela" or "the Company") RESULTS OF GENERAL MEETING Further to the announcement released on SENS dated 23 February 2012 regarding the posting of a notice of general meeting of Andulela shareholders to be held at 15h00 on Friday, 23 March 2012 (the "general meeting") to consider and, if deemed fit, pass resolutions relating to - 1. authorisation for the Company to provide direct or indirect financial assistance (as that term is defined in section 45 of the Companies Act, 2008 ("Companies Act") by way of loans, guarantees, the provision of security or otherwise, to any of its present or future subsidiaries and/or any other company or corporation that is or becomes related or inter-related (as defined in the Companies Act) to the Company for any purpose or in connection with any matter, such authority to endure until the annual general meeting of the Company to be held in 2012; 2. approval of the payment of remuneration to the Company`s non-executive directors for their services as directors in terms of section 66 of the Act for the year ended 31 December 2011; 3. approval of the payment of remuneration to the Company`s non-executive directors for their services as directors in terms of section 66 of the Act for the year ending 31 December 2012; and 4. approval of an annual increase of remuneration payable to the Company`s non-executive directors for their services as directors not exceeding 10% (ten percent) for a period of 2 (two) years from the passing of this special resolution, or until the date of the annual general meeting of shareholders to be held in 2014, whichever is earliest, the Company is pleased to announce that, at the general meeting, all resolutions were passed by the requisite majority of Andulela shareholders. 26 March 2012 Johannesburg Sponsor and Corporate Advisor Java Capital Date: 26/03/2012 14:42:10 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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