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M-FITEC INTERNATIONAL LIMITED - Results of General Meeting and Finalisation Announcement

Release Date: 20/09/2017 16:02
Code(s): MFI     PDF:  
Wrap Text
Results of General Meeting and Finalisation Announcement

M FiTEC International Limited
Incorporated in the Republic of South Africa
(Registration number 2015/294800/06)
Share code: MFI ISIN: ZAE000209607
(“M-FiTEC” or “the Company”)


RESULTS OF GENERAL MEETING AND FINALISATION ANNOUNCEMENT


Shareholders are referred to the announcement dated 30 August 2017 and the circular distributed to
Shareholders on 30 August 2017 (“Circular”). Terms defined in the Circular shall, unless otherwise stated,
bear the same meaning in this announcement.

Shareholders are advised that, at the General Meeting convened in terms of the notice of General Meeting
to shareholders dated 30 August 2017 which was held today, all the resolutions to approve the Capital
Distribution and Voluntary Liquidation, were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 5 887 092 representing 77.27% of the total issued
share capital of the same class of M-FiTEC shares.

There were no shareholders that abstained from voting.

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

                                                                                           % of votes     % of votes
                                                                                      carried for the    against the
Resolution                                                                                 resolution     resolution
Special Resolution Number 1
Approval of the Capital Distribution and Voluntary Liquidation                                 99.915          0.085
Ordinary Resolution Number 1
Authority granted to Directors                                                                 99.915          0.085

Shareholders are further advised that, following the approval by shareholders of the Capital Distribution
and Voluntary Liquidation, the salient dates which were set out in the Circular, have been finalised and are
as follows:

                                                                                                         2017
Last day to trade to be eligible to receive the Capital Distribution                    Tuesday, 26 September
Suspension of M-FiTEC Shares on AltX                                                  Wednesday, 27 September
Capital Distribution Record Date                                                         Friday, 29 September
First Distribution payment date                                                             Monday, 2 October
Delisting of M-FiTEC from AltX                                                             Tuesday, 3 October

After finalisation and settlement of all listing and liquidation expenses, taxation, interest and any other final
cash items, a Final Distribution, estimated to be not more than R250 000 (3.28 cents per M-FiTEC Share),
will be paid to Shareholders recorded in the Register on the Capital Distribution Record Date. Shareholders
will be advised via SENS as to the quantum and timing of the Final Distribution.
Shareholders do not need to take any further action in respect of the Capital Distribution and those recorded
in the Register on the Capital Distribution Record Date will be paid the Capital Distribution.


Johannesburg
20 September 2017

Designated Adviser
Merchantec Capital

Date: 20/09/2017 04:02:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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