Notice in terms of section 45(5) of the Companies Act
TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
Notice in terms of section 45(5) of the Companies Act,
71 of 2008 (the Act) of the granting of financial
assistance by Tiger Brands Limited
1. Notice is hereby given that the Board of Directors of
A. Passed a resolution authorising the Company to provide
direct or indirect financial assistance as defined by
S 45(1) of the Act, for amounts and on such terms and
conditions as the board determined, pursuant to
authorities granted in terms of:
o The authorising Shareholders Resolutions taken at
Annual General Meetings of the Company held on 21
February 2017 and 20 February 2018;
o The provisions of the Act;
o The JSE Listings Requirements; and
o The Company’s Memorandum of Incorporation.
B. Were satisfied, before authorising the Company to
provide the financial assistance, that:
o Immediately after providing the financial
assistance, the Company would satisfy the solvency
and liquidity test set out in section 4 of the Act;
o The terms upon which the financial assistance has
been given were fair and reasonable to the Company;
o The Company’s memorandum of incorporation has no
restrictions or conditions with respect to giving
of the financial assistance.
2. The above payments constituted financial assistance,
which over the period 1 October 2017 to 30 September
2018, cumulatively did not exceed one-tenth of 1% of
the Company’s net worth.
This notice to shareholders is issued for compliance
reasons only and shareholders are not required to respond.
9 November 2018
J.P. Morgan Equities South Africa Proprietary Limited
Date: 09/11/2018 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.