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SABVEST LIMITED - Results of general meeting

Release Date: 08/11/2012 12:30
Code(s): SBV     PDF:  
Wrap Text
Results of general meeting

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 – ordinary shares
ISIN: ZAE000012043 – “N” ordinary shares
Share code: SBV – ordinary shares
Share code: SVN – “N” ordinary shares
(“Sabvest”) or (“the Company”)

RESULTS OF GENERAL MEETING

Shareholders are referred to the circular to Sabvest shareholders dated 11 October 2012
regarding the proposed sale by Sabvest Capital Holdings Limited (BVI), wholly owned by
Sabvest Finance and Guarantee Corporation Limited (RSA), which in turn is a wholly owned
subsidiary of Sabvest, of its 40% interest in Flowmax Holdings Limited (BVI) and claims to
Sabias Securities UK Limited (BVI) (“the Transaction”).

Shareholders are advised that at the general meeting of Sabvest shareholders held today,
both ordinary resolutions were unanimously approved by shareholders to effect the
Transaction.

The Transaction is now unconditional.

Johannesburg
8 November 2012

Sponsor: Rand Merchant Bank (a division of FirstRand Limited)
Lead Sponsor: Deloitte & Touche Sponsor Services (Pty) Limited
Independent Reporting Accountants: Deloitte & Touche
Independent professional expert: BDO Corporate Finance (Pty) Limited
Attorneys: Edward Nathan Sonnenbergs

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