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

ACCENTUATE LIMITED - Clarification Announcement: 2014 Annual General Meeting (2014 AGM)

Release Date: 18/03/2015 15:15
Code(s): ACE     PDF:  
Wrap Text
Clarification Announcement: 2014 Annual General Meeting (“2014 AGM”)

Accentuate Limited

(Incorporated in the Republic of South Africa)

(Registration number 2004/029691/06)

JSE Share code: ACE ISIN: ZAE000115986

("Accentuate" or “the Company”)




CLARIFICATION ANNOUNCEMENT: 2014 ANNUAL GENERAL MEETING (“2014 AGM”)

Further to the SENS announcement dated 6 March 2015 and after further engagement with the JSE,
the Company announces the following in relation to the results of the adjourned 2014 AGM held on 27
February 2015:

The JSE has ruled that the proxy form submitted by Standard Bank Nominees for 21 096 635
Accentuate shares as well as the proxy form from BNS Nominees for 14 501 911 shares complied
with all requirements and, in consequence, should have been accepted and considered at the 2014
AGM. The JSE is also of the opinion that the 4 000 000 shares of Jacana Assets, which were
accepted and considered at the 2014 AGM, should have been disallowed. On this basis, ordinary
resolution 10 and special resolutions 1 to 6 would not have been approved by the requisite majority;

The Company remains of the opinion that it acted entirely within its rights and in compliance with the
Companies Act, however, given the JSE ruling the Company has decided to withdraw the adoption
and implementation of ordinary resolution 10 and special resolutions 1, 2, 4 and 5, as proposed at the
2014 AGM;

As a result of the judgment of the Gauteng Local Division of the High Court in the matter Von Seidel v
Accentuate Ltd under case number: 47008/13, as reported in the SENS announcement of 17 March
2015, the Company now has the authority to pay non-executive directors fee’s and register the new
Memorandum of Incorporation.


Johannesburg
18 March 2015
Designated Adviser: Bridge Capital Advisors (Pty) Limited

Date: 18/03/2015 03:15:00 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