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JSE LIMITED - Gen - General - Update Announcement

Release Date: 27/08/2013 12:30
Code(s): JSER     PDF:  
Wrap Text
Gen - General - Update Announcement

COMMAND HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration no: 1999/014759/06)
Share Code: CMA ISIN Code: ZAE000023131
("Command" or "the Company")



UPDATE ANNOUNCEMENT


Shareholders are advised that a general meeting of shareholders will be held at Ascension
Properties Ltd at 5th Floor, 14 Long Street, Cape Town, at 14h00 on Monday, 30
September 2013, to consider and if deemed fit, approve resolutions appointing new
directors to the Company.



1.    Introduction



     1.1. On Wednesday 14 August 2013 an order was granted by the Western Cape High
         Court ordering that pending the appeal to the Supreme Court of Appeal (leave to
         appeal having been granted on 2 August 2013) the operation and execution of the
         orders granted pursuant to the judgment of the Western Cape High Court under the
         case number 16724/2013, handed down on 24 May 2013, shall not be suspended.




     1.2. The Order granted by Yekiso J of the Western Cape High Court on 24 May 2013
         declared the late Kalman Drukker, Mohamed Iqbal Parker, Mohamed Shaffie
         Mowzer, and Francina Mabana Moshesh delinquent in their capacities as directors
         of Command and placing Cornelius Tobias Vermaak, Yvonne Kelebongile Nono
         Mohutsioa-Mathabathe, Oscar Setsubi, Mokagabudi Lucky Masilela and Lerato
         Pretorius on probation in their capacities as directors of Command.



     1.3. As a result of the judgments handed down on 24 May 2013 and 14 August 2013,
         there are currently no directors in Command.



     1.4. In terms of Section 70(4) of the Companies Act 71 of 2008 any shareholder is
         entitled to convene a meeting for the purpose of election of directors where a
       company has no directors. It is on this basis that Cape Empowerment Trust Ltd, as a
       shareholder of the Company, is convening a meeting for such purpose.


   1.5. A circular will be sent to all shareholders of the Company convening a general
       meeting of shareholders to appoint directors to the Company.




2. Particulars of directors proposed to be appointed



   2.1. MERVYN BURTON - CA (SA)

   2.2. SHAUN LOUIS RAI – CA(SA)

   2.3. JEREMY DE VILLIERS – CA(SA), HDip (Tax)

   2.4. JACO MARITZ – CA(SA)

   2.5. BRENDAN MANCA – Senior Advocate of the Cape Bar Council




By Order
Jeremy de Villiers
Director – Cape Empowerment Trust Limited (Shareholder of Command)
Cape Town
Date: 27 August 2013

Date: 27/08/2013 12:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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