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REUNERT LIMITED - Amendments to the trust deed of the Rebatona Educational Trust

Release Date: 22/10/2015 09:08
Code(s): RLO     PDF:  
Wrap Text
Amendments to the trust deed of the Rebatona Educational Trust

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
Share code: RLO
("Reunert")

AMENDMENTS TO THE TRUST DEED OF THE REBATONA EDUCATIONAL TRUST

On 6 February 2007, Reunert’s shareholders approved a black economic empowerment
transaction. As part of the implementation of this transaction, the Rebatona Educational
Trust was formed.

Due to the impact of the Amended Codes of Good Practice on Broad–Based Black
Economic Empowerment, 2013, certain minor amendments were required to the trust
deed of the Rebatona Educational Trust, in order to ensure that the trust is able to meet
the original objectives of the transaction. The board also wished to focus the scope of
potential beneficiaries of this trust on black female youth.

Reunert’s board of directors, as well as its legal advisors, have confirmed that the
amendments to the trust deed are not material and Reunert’s auditors have confirmed that
the amendments will have no financial implications.

On 15 October 2015 the JSE Limited issued a letter, confirming that the JSE Limited has
no objection to the proposed amendments to the trust deed of the Rebatona Educational
Trust being effected, without referring the matter to shareholders. Shareholders are
hereby advised that these non-material amendments referred to in this announcement
have been effected to the trust deed.

By order of the board

Sandton
22 October 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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