BUSINESS CONNEXION GROUP LIMITED - Results Of General Meetings Of Shareholders

Release Date: 30/08/2013 14:20
Code(s): BCX BCA
 
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Results Of General Meetings Of Shareholders

Business Connexion Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/005282/06)
Share code: BCX
ISIN: ZAE000054631
“A” Share code: BCA
ISIN: ZAE000156154
("BCX" or “Company”)


RESULTS OF GENERAL MEETINGS OF BCX SHAREHOLDERS

Shareholders of BCX (“Shareholders”) are referred to the announcements published by the
Company on 5 June 2013 and 1 August 2013 regarding, inter alia, the proposed delisting of
BCX’s issued “A” ordinary shares (“"A" Shares”) and the repurchase of a portion of the “A”
Shares (the “Announcements”). The definitions set out in the Announcements apply mutatis
mutandis to this announcement.

The general meetings of Shareholders and Eligible Shareholders were held today and all the
ordinary and special resolutions proposed regarding the delisting of the “A” Shares and the
repurchase of “A” Shares held by Eligible Shareholders, by way of the Scheme, were approved
by between 99% and 100% of the relevant voting Shareholders and, where applicable, Eligible
Shareholders.

As such, the entire class of “A” Shares will be delisted from the exchange operated by the JSE
immediately after the implementation of the Scheme pertaining to Eligible Shareholders in
accordance with the timetables contained in the Announcements.

The applicable special resolutions will be sent to the Companies and Intellectual Property
Commission for filing and registration in due course.

Notwithstanding receiving significant general Shareholder support for the proposed new share
incentive plans (“New Incentive Plans”) also contained in the Transaction Circular, BCX received
constructive feedback from certain institutional Shareholders that indicated a preference for
certain amendments to the New Incentive Plans so as to ensure Shareholder support on a
broader basis. Accordingly, BCX decided to withdraw the resolutions pertaining to the New
Incentive Plans being ordinary resolution number 2 and special resolution numbers 3 and 4 in the
notice of general meeting, in order to allow it to consult further with these Shareholders so as to
ensure the alignment of all the relevant parties’ interests.

Midrand
30 August 2013

Corporate Advisor and Transaction Sponsor on the “A” Share Scheme and “A” Share Delisting
and JSE Sponsor
One Capital

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