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MICROMEGA HOLDINGS LIMITED - Distribution of Circular and Notice of General Meeting

Release Date: 22/01/2016 15:36
Code(s): MMG     PDF:  
Wrap Text
Distribution of Circular and Notice of General Meeting

MICROmega HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/003821/06)
Share code: MMG ISIN: ZAE000034435
(“MICROmega” or “the Company”)


DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING


1.   DISTRIBUTION OF CIRCULAR

     Shareholders are referred to the announcement released on SENS on 30 October 2015 (and using
     the terms defined therein unless otherwise stated) regarding, inter alia, the disposal of GIM
     Holdings, a wholly-owned subsidiary of MECS, which is in turn a wholly owned subsidiary of
     MICROmega, to Kamberg (“the Transaction”).

     Shareholders are hereby advised that the circular containing full details of the Transaction and
     incorporating a notice to convene a general meeting of MICROmega shareholders (“General
     Meeting”) in order to consider and, if deemed fit, to pass, with or without modification, the
     resolutions necessary to approve the Transaction, has been distributed today, 22 January 2016.
     
     The Circular is available on the Company’s website at www.micromega.co.za.

2.   FAIRNESS OPINION

     Taking into consideration the terms and conditions of the Transaction, the Independent Expert, an
     independent advisor acceptable to the JSE Limited and appointed by the board of directors of the
     Company to provide an independent fairness opinion on the Transaction, is of the opinion that the
     Transaction is fair to MICROmega shareholders. The fairness opinion is included in the Circular.

3.   NOTICE OF GENERAL MEETING

     Notice is hereby given that the General Meeting will be held on Monday, 22 February 2016 at the
     registered office of MICROmega, MMG House, 66 Park Lane, Sandton, 2196, to conduct the
     business stated in the notice of General Meeting, which is contained in the Circular.

     The Board has determined that, in terms of section 62(3)(a), as read with section 59 of the
     Companies Act, 2008 (Act 71 of 2008), as amended, the record date for the purposes of
     determining which shareholders of the Company are entitled to participate in and vote at the
     General Meeting is Friday, 12 February 2016. Accordingly, the last day to trade in MICROmega
     shares in order to be recorded in the Company’s securities register to be entitled to vote will be
     Friday, 5 February 2016.


 Johannesburg
 22 January 2016

 Sponsor
 Merchantec Capital

Date: 22/01/2016 03:36:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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