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SABVEST LIMITED - Results of the General Meeting of Sabvest Shareholders and Revised Salient Dates

Release Date: 29/10/2018 16:41
Code(s): SBV SVN     PDF:  
 
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Results of the General Meeting of Sabvest Shareholders and Revised Salient Dates

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Ordinary share code: SBV and ISIN: ZAE000006417
N ordinary share code: SVN and ISIN: ZAE000012043
(“Sabvest” or “the Company”)

RESULTS OF THE GENERAL MEETING OF SABVEST SHAREHOLDERS AND REVISED SALIENT DATES

1.   Results of the General Meeting

     Sabvest shareholders (“Shareholders”) are advised that at the general meeting of shareholders of the Company
     held on Monday, 29 October 2018 (“General Meeting”), the special and ordinary resolutions, as set out in the
     notice of General Meeting forming part of the circular to Shareholders dated 28 September 2018, were passed by
     the requisite majority of votes of shareholders present in person or represented by proxy.

     Special Resolution Number 2 was not put to a vote, as the Company had received no objections to Special
     Resolution Number 1 from Shareholders pursuant to Section 164 of the Companies Act 71 of 2008, as amended,
     and hence the passing thereof was not required.

     The total number of shares present/represented, including proxies, entitled to vote at the General Meeting was
     15,949,800 ordinary shares or 93,24% of Sabvest’s issued ordinary share capital and 14,723,627 ‘N’ ordinary
     shares or 48,83% of Sabvest’s issued ‘N’ ordinary share capital as at Friday, 19 October 2018, being the record
     date to be eligible to vote at the General Meeting.

     The voting results were as follows:

                                                                                                         VOTING
                                                      TOTAL VOTING RIGHTS EXERCISED                      RIGHTS
                                                                                                      ABSTAINED
                                               FOR        AGAINST
      RESOLUTION                                                              NUMBER        % (2)         % (2)
                                            (%) (1)       (%) (1)
      Special Resolution Number 1
      Approval of the Specific              99,9963        0,0037      7,974,900,727      93,1232        0,0020
      Repurchase
      Special Resolution Number 3
      Approval of the Treasury Share        99,9963        0,0037      7,974,900,727      93,0930        0,0020
      Repurchase
      Ordinary Resolution Number 1
      Amendment to the Investment           99,9972        0,0028      7,974,900,727      93,0855        0,0020
      Policy
      Ordinary Resolution Number 2
      General authority granted to          99,9963        0,0037      7,974,900,727      93,0855        0,0020
      Directors

     Notes:
     1.     As a percentage of voting rights exercised
     2.     As a percentage of total voteable rights


2.   Revised salient dates and times
                                                                                                           2018
     Last day for Sabvest minority shareholders who voted against the Specific               Monday, 5 November
     Repurchase to require Sabvest to seek court approval for the Specific
     Repurchase in terms of section 115(3)(a) of the Companies Act, on:

     Last day to send notice of adoption of special resolutions to dissenting               Monday, 12 November
     shareholders in accordance of section 164 of the Companies Act:

     Last day for Sabvest minority shareholders who voted against the Specific              Monday, 12 November
     Repurchase to apply to court for leave to apply for a review of the Specific

     Repurchase in terms of section 115(3)(b) of the Companies Act:

     Compliance certificate expected to be received from the TRP:                          Tuesday, 13 November

     Finalisation announcement expected to be released on SENS:                            Tuesday, 13 November

     Finalisation announcement expected to be released in the South African press:       Wednesday, 14 November

     Cancellation and delisting of shares on or about:                                      Monday, 19 November


Sandhurst
29 October 2018

Independent Transaction Sponsor
Questco Corporate Advisory Proprietary Limited

JSE Sponsor
RMB

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