Sectors Shares

Village Main Reef Limited - Results Of General Meeting

Release Date: 19/09/2014 16:31
Code(s): VIL
 
Wrap Text
Results of General Meeting

VILLAGE MAIN REEF LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1934/005703/06)
Share code: VIL ISIN: ZAE000154761
(“VMR” or “the Company”)



RESULTS OF GENERAL MEETING



Shareholders are referred to the announcements released on SENS on 22 August 2014 and 10 September 2014 regarding the
posting of a category one circular in respect of the disposal by the Company of the shares and claims in Cons Murch Mine
(Proprietary) Limited ("Cons Murch") and Nebavest 49 (Proprietary) Limited ("Nebavest") to Stibium Mining (Proprietary) Limited
("Stibium") ("Disposal Transaction") in terms of a sale of shares and claims agreement entered into between the Company, Cons
Murch, Nebavest and Stibium on 20 May 2014, as amended ("Disposal Agreement"), the notice of general meeting and declaration
announcement regarding a consolidation of the authorised and issued share capital of the Company ("Share Consolidation") and the
conversion of the authorised and issued share capital of the Company from par value shares to no par value shares ("Share Capital
Conversion") ("Announcement").

The Disposal Transaction, Share Consolidation and Share Capital Conversion are collectively referred to as the Transactions.

The Company is pleased to announce that all the resolutions proposed at the General Meeting of the Company held today, to
approve the Transactions, were approved by the requisite majority of shareholders present or represented by proxy. The special
resolutions will be filed with the Companies and Intellectual Property Commission (“CIPC”) on or about Monday, 22 September 2014.

Shareholders are reminded of the following salient dates in terms of the Share Consolidation and Share Capital Conversion.



                                                                                                                               2014




Filing of special resolutions relating to the amendments to the Memorandum of                                  Monday, 22 September
Incorporation with CIPC on or about

If CIPC acceptance of the special resolutions has taken place by 23 October
2014, then the following dates will apply:

Finalisation announcement relating to the Share Consolidation and Share Capital                                Thursday, 23 October
Conversion released on SENS on

Finalisation announcement relating to the Share Consolidation and Share Capital                                  Friday, 24 October
Conversion published in the press on

Last day to trade under the present share capital in order to be recorded as a                                   Friday, 31 October
shareholder on

Trading in shares in the new consolidated no par value share capital under the new                               Monday, 3 November
ISIN (ISIN: ZAE000192555) commences on

Record Date to determine those shareholders whose shares will be subject to the                                  Friday, 7 November
Share Consolidation and Share Capital Conversion on

Forms of surrender for new certificates to be received by the Transfer Secretaries (in                           Friday, 7 November
order for new certificates reflecting the Share Consolidation and Share Capital
Conversion to be posted on or about 10 November 2014) by 12:00 on

Dematerialised shareholders will have their accounts at their CSDP or broker updated                            Monday, 10 November
on

Replacement share certificates posted to certificated shareholders, by registered post,                         Monday, 10 November
provided their existing share certificates are surrendered by 12:00 on the Share
Consolidation Record Date (failing which, within five business days after receipt of
such existing share certificates) on or about

Notes:
1.    The specified dates and times are subject to change. Any changes will be released on SENS and published in the press.
2.    Shareholders may not dematerialise or rematerialise their pre-consolidated shares after Friday, 31 October 2014.




19 September 2014
Johannesburg

Sponsor
Bravura Capital (Pty) Ltd

Attorneys to VMR
Edward Nathan Sonnenbergs Incorporated

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