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HOLDSPORT LIMITED - Holdsport/Long4Life - Results of Scheme Meeting

Release Date: 03/10/2017 12:26
Code(s): HSP L4L     PDF:  
 
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Holdsport/Long4Life - Results of Scheme Meeting

 HOLDSPORT LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 2006/022562/06)
 Share code: HSP
 ISIN: ZAE000157046
 ("Holdsport")

 LONG4LIFE LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 2016/216015/06)
 Share code: L4L
 ISIN: ZAE000243119
 ("Long4Life")


RESULTS OF HOLDSPORT SCHEME MEETING

1.   Introduction

     Shareholders of Holdsport and Long4Life (collectively, the “Shareholders”) are advised that, at the Scheme
     Meeting held on Tuesday, 3 October 2017 (“the Scheme Meeting”), the special and ordinary resolutions set
     out in the Notice of the Scheme Meeting (which was dispatched to Holdsport Shareholders together with the
     Scheme Circular on Thursday, 31 August 2017), were passed on a poll by the requisite majorities (being those
     set out in the Notice of the Scheme Meeting in respect of each resolution).

     Words and expressions in this announcement shall have the same meaning as assigned to them in the
     Scheme Circular.

2.   Results of Scheme Meeting

     Details of the results of the voting at the Scheme Meeting are set out below:

     Total number of issued Holdsport Shares – 43,150,220
     Total number of Holdsport Shares eligible to vote which exclude treasury shares and shares held by Long4Life
     – 40,847,948
     Total number of Holdsport Shares present or represented at the Scheme Meeting in person or by proxy –
     28 560 492 being 66.19% of the total issued share capital of Holdsport and 69.92% of the total votable share
     capital of Holdsport.

     The following table reflects the resolutions proposed at the Scheme Meeting as well as the voting results in
     respect of each of the resolutions proposed:

                                                         Total number           Shares voted for   Shares voted against   Shares abstained^
                                                       of Shares voted*

               Special Resolutions

     Special           Approval of the             28 460 912 being          25 397 944 being      3 062 968 being        99,580 being 0.24% of
     Resolution        Scheme in terms of          69.68% of total votable   89.24% of the total   10.76% of the total    total votable Shares
     Number 1          Sections 114 and 115        Shares                    Shares voted          Shares voted
                       of the Companies Act

      Ordinary Resolution

      Ordinary         Authority granted to                                  26 479 556 being      1 841 949    being     238 987 being 0.59%
      Resolution       Directors                   28 321 505 being          93.50% of the total   6.50% of the total     of total votable Shares
      Number 1                                     69.33% of total votable   Shares voted          Shares voted
                                                   Shares

     * Excluding abstentions
     ^ In relation to the total number of Holdsport Shares

3.   Conditions Precedent and remaining salient dates and times

     Shareholders will be advised once all the Conditions Precedent as set out in the Scheme Circular have been
     fulfilled.

     A finalisation announcement will be made in due course based on the indicative dates and times as detailed
     in the Scheme Circular.

Cape Town / Johannesburg
3 October 2017


Financial adviser to Long4Life
Investec Bank Limited

Sponsor to Long4Life
The Standard Bank of South Africa Limited

Sponsor to Holdsport
UBS South Africa (Pty) Ltd

Legal adviser to Long4Life
Edward Nathan Sonnenbergs Inc.

Legal adviser to Holdsport
Cliffe Dekker Hofmeyr

Competition legal advisor
Baker McKenzie

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