Wrap Text
Distribution of circular and notice of general meeting
Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK
ISIN: ZAE000123766
(“Stefanutti Stocks” or “the company” or "the group")
DISTRIBUTION OF CIRCULAR AND NOTICE OF GENERAL MEETING
1. Introduction
Stefanutti Stocks intends to amend the existing rules governing the operation of the Stefanutti Stocks
Holdings Limited Forfeitable Share Plan 2009 ("FSP Rules"). The Forfeitable Share Plan plays an
important role in the retention and attraction of suitable and competent employees within the group
and further acts as a mechanism to encourage participants to build up a shareholding in the company
to provide alignment between the interests of participants and Stefanutti Stocks’ shareholders
(“Shareholders").
The purpose of the proposed amendments to the FSP Rules ("Proposed Amendments") is to ensure
that the company continues to embody and enhance the objectives of the Forfeitable Share Plan and
to, in addition, facilitate the promotion of broad-based black economic empowerment transformational
objectives within the group in accordance with the spirit and purpose of the Broad-Based Black
Economic Empowerment Act, by providing previously disadvantaged employees of the group with
the opportunity to receive Stefanutti Stocks shares.
Unless expressly defined in this announcement, or the context indicates otherwise, capitalised terms
herein have the meanings ascribed to them in the Circular.
2. Distribution of Circular
Shareholders are hereby advised that the circular containing the details of the Proposed Amendments
to the Forfeitable Share Plan and incorporating the Notice of General Meeting, electronic participation
form and form of proxy ("Circular"), has been made available and distributed to Shareholders today,
Monday, 27 March 2023.
Shareholders are further advised that an electronic copy of the Circular (which is available in English
only) is available on the company’s website (www.stefanuttistocks.com) and can be made available
through a secure electronic manner at the election of the person requesting inspection. Additional
copies of the Circular can be obtained from the registered office of the company at 9 Palala Street,
Protec Park, Cnr. Zuurfontein Avenue and Oranjerivier Drive, Kempton Park or at the offices of
Computershare Investor Services Proprietary Limited (“Computershare”) at Rosebank Towers, 15
Biermann Avenue, Rosebank, Johannesburg during normal business hours from today, Monday, 27
March 2023 up to and including the date of the General Meeting, being on Wednesday, 26 April 2023.
3. Notice of General Meeting
Notice is hereby given that the General Meeting of Shareholders, convened in terms of the Notice of
General Meeting, will be held at 09:00 (CAT) on Wednesday, 26 April 2023 in order for Shareholders
to consider and, if deemed fit, to pass the resolutions necessary to approve and give effect to the
Proposed Amendments.
Shareholders are advised that the General Meeting (including any adjournment or postponement
thereof) will be held entirely by electronic communication as detailed in the Notice of General Meeting
contained in the Circular and as permitted by the JSE Listings Requirements, Companies Act and
the company's Memorandum of Incorporation. The instructions for electronic participation at the
General Meeting are contained in the electronic participation form annexed to the Notice of General
Meeting.
4. Salient dates and times
The salient dates and times relating to the General Meeting are set out below:
2023
Record date for Shareholders to receive this Circular and Notice of General
Meeting Friday, 17 March
Circular and Notice of General Meeting distributed to Shareholders and
announced on SENS on Monday, 27 March
Last Date to Trade in respect of the General Meeting Tuesday, 18 April
General Meeting record date for Shareholders to be entitled to participate
in and vote at the General Meeting Friday, 21 April
For administrative purposes only, last date to lodge forms of proxy for the
General Meeting by 09:00 on Monday, 24 April
Last date to lodge forms of proxy with the chairman of the General Meeting
by 08:55 Wednesday, 26 April
General Meeting to be held at 09:00 on Wednesday, 26 April
Results of General Meeting released on SENS on Wednesday, 26 April
Notes:
1. The dates and times provided for in this Circular are subject to amendment at the discretion of Stefanutti Stocks,
subject to approval of the JSE Limited, if required. Any material amendments will be published on SENS.
2. All times referred to in this Circular are local times in South Africa.
3. If the General Meeting is adjourned or postponed, forms of proxy submitted for the initial General Meeting will remain
valid in respect of any adjournment or postponement of the General Meeting, unless the contrary is stated on such
form of proxy.
4. The Register for certificated Shareholders will be closed between the Last Date to Trade and the General Meeting
record date.
5. No Stefanutti Stocks Shares may be dematerialised or rematerialised from Tuesday, 18 April 2023, to Friday,
21 April 2023 (both days inclusive).
6. Shareholders should note that as transactions in Stefanutti Stocks shares are settled in the electronic settlement
system used by Strate Proprietary Limited, settlement of trades takes place 3 (three) business days after such trade.
Therefore, persons who acquire Stefanutti Stocks shares after close of trade on Tuesday, 18 April 2023 will not be
eligible to attend, participate in and vote at the General Meeting.
7. Although the important dates and times are stated to be subject to change, such statement may not be regarded as
consent or dispensation for any change to time periods which may be required in terms of the Companies Act and
the JSE Listings Requirements, where applicable, and any such consents or dispensations must be specifically
applied for and granted.
Johannesburg
27 March 2023
Sponsor: Bridge Capital Advisors Proprietary Limited
Legal Advisor: Webber Wentzel
Date: 27-03-2023 03:38:00
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