Notice In Terms Of Section 45(5) Of The Companies Act
TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2000/002239/06)
Share code: TAS
NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT
Notice is hereby given in terms of section 45(5) of the Companies Act, No 71 of 2008 (“Act”),
that the board of directors of the Company (“the Board”) has resolved the continued provision
of financial assistance to its subsidiaries for their operations, in accordance with section 45(2)
of the Act, pursuant to the authority granted to the Board by the shareholders and refreshed
at the annual general meeting of the Company held on 20 August 2019, which financial
assistance exceeds one tenth of 1% of the Company’s net worth.
In accordance with section 45 of the Act, the Board is satisfied that immediately after providing
such financial assistance, the Company will satisfy the solvency and liquidity test provided for
in section 4 of the Act and that the terms of the financial assistance are fair and reasonable to
23 August 2019
Date: 23/08/2019 11:50:00
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