COMPU-CLEARING OUTSOURCING LIMITED - Results of the scheme meeting

Release Date: 20/08/2015 15:41
Code(s): CCL
 
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Results of the scheme meeting

Wisetechglobal Proprietary Limited                     Compu-Clearing Outsourcing Limited
(Incorporated in the Republic of South Africa)         (Incorporated in the Republic of South Africa)
(Registration number 2012/181360/07)                   (Registration number 1998/015541/06)
("WiseTech Global")                                    Share code: CCL ISIN: ZAE000016564
                                                       ("Compu-Clearing")


RESULTS OF THE SCHEME MEETING
Shareholders of Compu-Clearing are advised that at the meeting convened to approve the offer by WiseTech
Global to acquire all the issued shares of Compu-Clearing which it does not already own, by way of a scheme of
arrangement in terms of section 114 of the Companies Act 71 of 2008, as amended ("Companies Act")
("Scheme"), held at the registered offices of Compu-Clearing on Thursday, 20 August 2015 ("Scheme Meeting"),
the voting results were as follows:


Resolution                                     Number of      Number of         For *   Against *    Abstained **
                                           shares entitled        shares           %            %                %
                                                    to vote   entitled to
                                                                vote and
                                                                   voted
Special Resolution Number 1:                   20 730 956     17 409 024       98.15         1.85                -
Approval of the Scheme
Ordinary Resolution Number 1:                  20 730 956     17 409 024       98.15         1.85                -
Authority to implement the Scheme
*    Based on the number of ordinary shares entitled to vote and voted at the Scheme Meeting.
**   Based on the number of ordinary shares entitled to vote at the Scheme Meeting.


Based on the above voting results, each of the resolutions was passed by the requisite majority of Compu-Clearing
shareholders entitled to vote on the resolutions.


Shareholders of Compu-Clearing are further advised that no objections to the special resolution to approve the
Scheme in terms of section 164 of the Companies Act were received by Compu-Clearing.


Shareholders of Compu-Clearing are referred to the circular (which is available on Compu-Clearing’s website
hosted at www.compclear.holdings/scheme) pertaining to the Scheme for details of the remaining conditions
precedent and important dates and times relating to the Scheme. These dates and times are subject to amendment,
and any such amendment will be released on SENS.


INDEPENDENT BOARD RESPONSIBILITY STATEMENT
The independent board of Compu-Clearing established to consider the Scheme accepts responsibility for the
information contained in this announcement and, to the best of its knowledge and belief, confirms that the
information is true and this announcement does not omit anything likely to affect the importance of the information
included.



Johannesburg
20 August 2015
Corporate Adviser and Transaction Sponsor to Compu-Clearing: Grindrod Bank
Legal Adviser to Compu-Clearing: Fluxmans
Sponsor to Compu-Clearing: Sasfin Capital
Legal Adviser to WiseTech Global: Webber Wentzel

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