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MURRAY & ROBERTS HOLDINGS LIMITED - Results of General Meeting to approve Clough Transaction

Release Date: 06/11/2013 15:28
Code(s): MUR     PDF:  
Wrap Text
Results of General Meeting to approve Clough Transaction

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” or “Company”)


RESULTS OF GENERAL MEETING TO APPROVE CLOUGH TRANSACTION

Shareholders are advised that, at the general meeting of the Company held today,
Wednesday, 6 November 2013, the ordinary resolutions with regards to the proposal by
Murray & Roberts to acquire all of the ordinary shares in Clough Limited (“Clough”) that
Murray & Roberts does not already own (“Proposed Acquisition”), were approved by the
requisite majorities.

The Board of Directors is pleased with the level of support received from Murray &
Roberts shareholders for the Proposed Acquisition. This transaction represents a
significant step for the Group’s long term growth strategy and positions the Company
well to deliver increased shareholder value.

The Proposed Acquisition remains subject to approval by Clough minority shareholders
amongst other conditions precedent. Clough minority shareholders will be voting on the
Proposed Acquisition at a Clough Shareholder and Scheme Meeting scheduled on 15
November 2013. If the Clough minority shareholders approve the Proposed Acquisition,
completion is expected to occur on or about 11 December 2013.

Bedfordview
6 November 2013

Sponsor
Deutsche Securities (SA) Proprietary Limited

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