LABAT AFRICA LIMITED - Results of general meeting and change in role of director

Results of general meeting and change in role of director

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat” or “the Company”)
ISIN Code: ZAE 000018354 Share code: LAB


RESULTS OF GENERAL MEETING RELATING TO THE ACQUISITION OF REINHARDT TRANSPORT
GROUP LIMITED (“RTG”) AND CHANGE IN ROLE OF NON-EXECUTIVE DIRECTOR


Results of general meeting
The directors of Labat are pleased to announce that, further to the announcement
released on SENS on 16 November 2015, at the general meeting of Labat held on 18
December 2015, convened in terms of the notice of general meeting contained in the
circular to shareholders dated 18 November 2015, the voting information is as follows:

Total issued number of ordinary shares:                                        259 202 297
Total number of ordinary shares eligible for voting (excluding                 255 992 274
3 210 023 Treasury Shares)
Number of ordinary shares represented at the meeting:                          144 934 407
Percent of ordinary shares represented at the meeting:                              55.92%

The resolutions proposed at the general meeting, together with the percentage of votes
carried for and against each resolution, are set out below:

 Resolution                              For          Against      Shares      Abstentions
                                         (%)            %          voted
 Ordinary Resolution Number 1 –
                                     144 814 407          -      144 814 407    120 000
 Approval of the acquisition of
 RTG
                                        (100%)         (0.00%)     (100%)        (0.00%)
 Special Resolution Number 1 –
                                     144 814 407          -      144 814 407    120 000
 Authority to issue more than
 30% new shares
                                        (100%)         (0.00%)     (100%)        (0.00%)
 Ordinary Resolution Number 2 –
                                     144 814 407          -      144 814 407    120 000
 Approval of Specific Authority
 to Issue Shares for Cash
                                        (100%)         (0.00%)     (100%)        (0.00%)
 Ordinary Resolution Number 3 –
 Signature of documents and          144 814 407          -      144 814 407    120 000
 authority of directors and/or
 company secretary                      (100%)         (0.00%)     (100%)        (0.00%)

Change in role of a non-executive director
Shareholders are advised that Mr Dawood Asmal has been appointed as Financial Director
of RTG and his role at Labat will change from non-executive to executive director with
effect from the date of acquisition of RTG.
Salient dates of the private placement of shares
Shareholders are reminded of the salient dates of the private placement below:

                                                                                      2015
Opening of private placement at 09h00 on                               Monday, 21 December
Closing of private placement at 12h00 on                            Wednesday, 23 December
Listing of Shares issued in terms of the Private Placement and
transfer of the listing to the Transport Sector of the Main Board   Wednesday, 30 December
from commencement of trade on
Any changes to the above dates and times will be announced on SENS.

By order of the board.

Johannesburg
18 December 2015


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 18/12/2015 03:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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