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AMALGAMATED ELECTRONIC CORP LIMITED - Stellar \Amalgamated - Results of Scheme Meeting

Release Date: 12/10/2016 17:38
Code(s): AER SCP     PDF:  
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Stellar \Amalgamated - Results of Scheme Meeting

 Stellar Capital Partners         Amalgamated Electronic
 Limited                          Corporation Limited
 (Incorporated in the Republic    (Incorporated in the Republic
 of South Africa)                 of South Africa)
 (Registration number             (Registration number
 1998/015580/06)                  1997/010036/06)
 Share code: SCP                  Share Code: AER
 ISIN: ZAE000198586               ISIN: ZAE000070587
 (“Stellar Capital”)              (“Amecor”)


Further to the announcements released on SENS on 14 September 2016
and 16 September 2016 (and using the terms defined therein unless
otherwise   stated),  shareholders   are  advised   that,  at   the
Scheme Meeting of Amecor held today, convened in terms of the
notice of Scheme Meeting to shareholders dated 14 September 2016,
the resolutions to approve, inter alia, the Scheme proposed by the
Board between Amecor and its Shareholders in terms of which Stellar
Capital, or its nominee, will acquire all the Scheme Shares for the
Scheme Consideration, were passed by the requisite majority of

The number of shares voted in person or by proxy was 67 640 194,
representing 86.74% of the total issued share capital of the same
class of Amecor shares.

The number of shares which abstained from voting was 1 158,
representing 0.001% of the total issued share capital of the same
class of Amecor shares.

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

                                           % of votes    % of votes
                                          carried for   against the
Resolution                             the resolution    resolution

Special   Resolution     Number   1:                                       
Approval of the Scheme                           100%             -

Special   Resolution     Number   2:
Revocation  of  Special   Resolution               
Number  1  if  Scheme  lapses and is
not continued                                    100%             -

Ordinary   Resolution   Number    1:
Authorisation of directors                       100%             -

Cape Town and Johannesburg
12 October 2016

Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Merchantec Capital

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