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GLOBAL ASSET MANAGEMENT LIMITED - Results of Scheme Meeting

Release Date: 30/04/2019 17:02
Code(s): GAM     PDF:  
 
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Results of Scheme Meeting

GLOBAL ASSET MANAGEMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/003192/06)
Share Code: GAM       ISIN: ZAE000173498
("Global")


RESULTS OF SCHEME MEETING


1. Introduction
   Shareholders are advised that, at the Scheme Meeting held on Tuesday, 30 April 2019, the special
   and ordinary resolution set out in the Notice of Scheme Meeting (which was dispatched to
   shareholders together with the circular dated Thursday, 28 March 2019 (“Circular”)), were passed by
   the requisite eligible majority shareholders (being those set out in the Notice of Scheme Meeting in
   respect of each resolution). Words and expressions in this announcement shall have the same
   meaning as assigned to them in the Circular.

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

    Total number of Shares in issue                                                              102 981 473
    Total number of Shares eligible to vote in                                                     3 333 116
    respect of the Scheme Resolution (i.e.
    excluding the 99 648 357 Excluded Shares held
    by the Remaining Shareholders and the
    Voting Pool Shareholders)
    Total number of Shares eligible to vote in                                                   102 981 473
    respect of Ordinary Resolution 1
    Total number of Shares present or represented           2 594 388, being 2.52% of the total issued share
    at the Scheme Meeting in person or by proxy           capital of Global and 77.84% of the total voteable
    in respect of the Scheme Resolution                                              share capital of Global
    Total number of Shares present or represented         54 121 315, being 52.55% of the total issued share
    at the Scheme Meeting in person or by proxy              capital and the total voteable share capital of
    in respect of Ordinary Resolution 1                                                               Global

   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      Shares voted           Shares
                                              of Shares               for           against        abstained
    Resolution proposed                           voted       (% of total       (% of total      (% of total
                                             (excluding     Shares voted)     Shares voted)         voteable
                                           abstentions)                                              Shares)
    Special Resolution 1                      2 594 388         2 589 988             4 400                -
    Implementation of the                                        (99.83%)           (0.17%)
    Scheme
    Ordinary Resolution 1                    54 121 315        54 116 915             4 400                -
    Authorisation of directors                                   (99.99%)           (0.01%)

3. Conditions Precedent and remaining salient dates and times
   Shareholders will be advised once all the Conditions Precedent as set out in the Circular have been
   fulfilled. A finalisation announcement will be made in due course based on the indicative dates and
   times as detailed in the Circular.

Johannesburg
30 April 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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