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Disposal of the Company’s Consumer Finance Business: Results of the General Meeting held on 25 February 2015
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
ISIN: ZAE000030771
JSE code: JDG
("JD Group" or “the Company”)
DISPOSAL OF THE COMPANY’S CONSUMER FINANCE BUSINESS: RESULTS
OF THE GENERAL MEETING HELD ON 25 FEBRUARY 2015
JD Group shareholders (“Shareholders”) are referred to the
detailed terms announcement published on the Stock Exchange
News Service of the JSE Limited on 18 December 2014,
pertaining to the disposal of the Company’s Consumer Finance
Business, excluding the Insurance operations (“the Business
sale”), to RCS Cards Proprietary Limited (“RCS Cards”), a
wholly-owned subsidiary of RCS Investment Holdings Limited
(“RCS IH”).
On 27 January 2015, a circular (“Circular”) was distributed
to shareholders incorporating a Notice convening a General
Meeting for shareholders to consider and if deemed fit,
approve the Business sale.
Shareholders are advised that at the General Meeting held on
Wednesday 25 February 2015, altogether 100% of all shares
voted by Shareholders present in person or represented by
proxy at the General Meeting, were in favour of the ordinary
resolution contained in the afore-mentioned Notice.
In terms of paragraph 3.91 of the JSE Listings Requirements,
it is disclosed that the total number of shares represented
in person or by proxy at the General Meeting amounted to
260 668 681 or 96,8% of the total issued share capital of JD
Group, as registered on the record date for the General
Meeting (20 February 2015). The following additional details
of the results of the voting at the General Meeting are
presented below:
Votes in Votes Shares
favour (of against abstained
total (of (as a
shares total percentage
voted) shares of total
voted) shares in
issue)
Ordinary Resolution No. 1:
Authority to implement the
Business Sale, i.e. the
disposal of the JD Group
Consumer Finance business
to RCS Cards 260 668 147 0,0 0,0001
Shareholders’ attention is drawn to the fact that conclusion
of the Business sale is subject to the fulfilment or waiver
of certain conditions precedent (as set out in paragraph 2.4
of the Circular) on or before 31 May 2015, including approval
of the Business sale by the Competition authorities, as well
as other conditions that are customary to a transaction of
this nature.
25 February 2015
By order of the Board
Johannesburg
Sponsor: PSG Capital Proprietary Limited
Date: 25/02/2015 01:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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