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Legal Proceedings: 2013 Annual General Meeting (“AGM”) of Accentuate and Clarification Announcement
Accentuate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/029691/06)
JSE Share code: ACE ISIN: ZAE000115986
("Accentuate" or “the Company”)
LEGAL PROCEEDINGS: 2013 ANNUAL GENERAL MEETING (“AGM”) OF ACCENTUATE AND
CLARIFICATION ANNOUNCEMENT
Further to the SENS announcement dated 20th December 2013, the Gauteng Local Division of the
High Court has given judgement that the Company acted lawfully in excluding certain votes at the
AGM held on 29th November 2013. It dismissed the application with costs.
The votes were excluded after a shareholder, supported by the majority of shareholders present,
questioned the validity of the votes of another shareholder at the AGM. On the basis of independent
legal advice, the Company excluded the votes of a number of shareholders that had not complied
with provisions of the Companies Act.
The Company confirms that all resolutions proposed at the meeting were approved by the requisite
majority, including ordinary resolution number 10 as well as all the special resolutions. The consent
order dated 19th December 2013 to which the Company had agreed is, therefore, no longer in effect.
Accordingly the Company is entitled to implement all the resolutions adopted at the AGM.
The Company is pleased with the judgement as it allows the Company to function more efficiently
and to fulfil the mandate given to it by the majority of its shareholders.
In addition, there have recently been misleading reports in the media regarding the retirement on
7th March 2015 of the chairman, Dr Malesela Motlatla. The chairman retired only because he
reached the mandatory retirement age for directors’ of 75 on that day. The Company reiterates that
his retirement is in no way related to any other issue, and the Company would have retained his
services as chairman had it legally been able to do so.
Johannesburg
17 March 2015
Designated Adviser: Bridge Capital Advisors (Pty) Limited
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