To view the PDF file, sign up for a MySharenet subscription.

SHOPRITE HOLDINGS LIMITED - Results Of General Meetings And Notice Of Redemption Of Preference Shares

Release Date: 27/10/2014 16:52
Code(s): SHP1 SHP2 SHP3 SHP4 SHP     PDF:  
Wrap Text
Results Of General Meetings And Notice Of Redemption Of Preference Shares

Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1936/007721/06)
ISIN no: ZAE 000012084
JSE share code: SHP
NSX share code: SRH
LUSE share code: SHOPRITE
(“Shoprite Holdings” or “the Company”)


Shoprite Holdings 5% cumulative preference shares (“SHP2”)
JSE Share Code: SHP2
ISIN no: ZAE000006680

Shoprite Holdings second 5% cumulative preference shares
(SHP3”)
JSE Share Code: SHP3
ISIN no: ZAE000006698

Shoprite Holdings third 5% cumulative preference shares
(“SHP4”)
JSE Share Code: SHP4
ISIN no: ZAE000006706

Shoprite Holdings 6% cumulative preference shares (“SHP1”)
JSE Share Code: SHP1
ISIN no: ZAE000006672


RESULTS OF GENERAL MEETINGS AND NOTICE OF REDEMPTION OF
PREFERENCE SHARES


1.   INTRODUCTION

Shareholders are referred to the announcements released on
SENS on 29 September 2014 regarding the posting of the
Company’s Integrated Annual Report and the notices of annual
general meeting for ordinary shareholders and Special General
Meetings of SHP1, SHP2, SHP3 and SHP4 shareholders
(collectively, the “General Meetings”), whereby the Board of
Directors of Shoprite Holdings had resolved, inter alia, to
propose amendments to the Company’s Memorandum of
Incorporation (“MOI”) in order to convert the Preference
Shares currently in issue and listed on the JSE Limited’s Main
Board, being SHP1, SHP2, SHP3 and SHP4 (“Preference Shares”),
into cumulative redeemable preference shares, to be redeemed
at a price of R2.00 (two Rand) per Preference Share on 17
November 2014 (the “Redemptions”).

Shareholders of the Company are advised that the resolutions
proposed at the SHP1 General Meeting of the Company held
today, including the resolutions relating to the redemption of
the SHP1 preference shares, were approved by the requisite
majority of shareholders present or represented by proxy. The
SHP2, SHP3 and SHP4 General Meetings were cancelled as the
requisite majority of shareholders did not vote or submit
proxies to vote in terms of the resolutions relating to the
redemptions of the SHP2, SHP3 and SHP4 preference shares. The
special resolutions approved by SHP1 shareholders will be
filed with the Companies and Intellectual Property Commission
(“CIPC”) today.

The number of SHP1 preference shares voted in person or by
proxy was 113,312, representing 64.75% of the total issued
share capital of SHP1 preference shares.

The resolutions proposed, and the details of the results are
set out in the table below:

Resolution proposed            % of votes % of votes      % of
                                  for the    against     votes
                               resolution        the abstained
                                          resolution
Special resolution number 1           100          -         -
– Amendment to clause 9.3 of
the MOI
Ordinary resolution number 1         100           -         -
–   General   authority   to
directors   and/or   company
secretary



Shareholders are reminded of the following salient dates in
terms of the redemption of the SHP1 preference shares.

                                                                       2014
Results of General Meeting released on
SENS on                                                  Monday, 27 October
Filing of special resolutions relating
to the amendments to the Memorandum of
Incorporation with Companies and
Intellectual Property Commission
(“CIPC”) on or about                                     Monday, 27 October
If CIPC acceptance of the special
resolutions has taken place by 30
October 2014, then the following dates
will apply:
Finalisation announcement relating to       
the redemption of SHP1 preference shares
released on SENS on                                     Friday, 31 October
Finalisation announcement relating to
the redemption of SHP1 preference shares
published in the press on                               Monday, 3 November
Last date to trade in the SHP1
preference shares to be eligible for the
redemption on                                           Friday, 7 November
Suspension of SHP1 preference shares on
the JSE trading system on                             Monday, 10 November
Record date to determine the
shareholders whose SHP1 preference
shares will be subject to the redemption
on                                                    Friday, 14 November
Redemption of the SHP1 preference shares
on                                                    Monday, 17 November
Payment of cash for the redemption of
the SHP1 preference shares on                         Monday, 17 November
Termination of SHP1 preference shares on
the JSE trading system at commencement
of traded on                                         Tuesday, 18 November

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   SHP1
   preference shares after Friday, 7 November 2014.



Cape Town
27 October 2014


Transactional Sponsor and Corporate Advisor
Bravura Capital (Pty) Ltd

Date: 27/10/2014 04:52:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story