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SOVEREIGN FOOD INVESTMENTS LIMITED - Adjournment of the general meeting and further support for the BEE Transaction

Release Date: 25/07/2016 17:44
Code(s): SOV     PDF:  
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Adjournment of the general meeting and further support for the BEE Transaction

SOVEREIGN FOOD INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration Number: 1995/003990/06
JSE Code: SOV
ISIN Number: ZAE000009221
(“Sovereign” or the “Company”)


ADJOURNMENT OF THE GENERAL MEETING AND FURTHER SUPPORT FOR THE BEE TRANSACTION


Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same
meanings ascribed thereto in the circular to Sovereign shareholders dated Friday, 24 June 2016 and to the
announcement published by Sovereign on SENS on Friday, 22 July 2016 (“Announcement”).

Shareholders are advised that a motion to adjourn the General Meeting to 10h00 on Wednesday,
19 October 2016 at the Sun International Boardwalk Hotel, Beach Road, Summerstrand, Port Elizabeth
(“Motion”), was passed with the requisite majority of votes of Shareholders at the General Meeting.

The total number of Shares represented, in person or by proxy, at the General Meeting, including the Shares
held by Country Bird and its associates and concert parties but excluding the Shares held by the Exco
Members, the ESOP and Crown Chickens, amounted to 67 229 439 Shares (“Voted Shares”), representing
88.2% of the total issued share capital of the Company.

The results of the voting is as follows:

    -   76.6% of the Voted Shares voted in favour of the Motion;
    -   23.4% of the Voted Shares voted against the Motion; and
    -   there were no abstentions.

Following the Announcement, Sovereign has received further irrevocable support for the Transactions, so that
the total irrevocable support for the Transactions now amount to more than 75% of the Offer Shares,
excluding the Offer Shares held by the Exco Members and the ESOP.

Port Elizabeth
25 July 2016

Corporate Advisor and Sponsor
One Capital


Attorneys to Sovereign
Cliffe Dekker Hofmeyr Inc.

Date: 25/07/2016 05:44:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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