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ARB HOLDINGS LIMITED - Notice in terms of Section 45(5) of the Companies Act, No. 71 of 2008 (the Act)

Release Date: 02/10/2019 08:45
Code(s): ARH     PDF:  
 
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Notice in terms of Section 45(5) of the Companies Act, No. 71 of 2008 (the Act)

ARB HOLDINGS LIMITED
(Registration number: 1986/002975/06)
Share code: ARH
ISIN: ZAE000109435
(“ARB”)

NOTICE IN TERMS OF SECTION 45(5) OF THE COMPANIES ACT, NO. 71 OF 2008 (the Act)

On 7th of November 2018, the shareholders of ARB approved a special resolution authorising the board
of directors of ARB (“the Board”) to provide financial assistance to related and inter-related
companies.

The Board has, pursuant to the above authorisation at a board meeting held on 3 April 2019 and in
accordance with section 45 of the Act, resolved to provide guarantees to related and inter-related
companies, to secure the banking facilities required by such companies. In accordance with that
resolution securities are now in the process of being signed to give effect to the banking facilities with
Nedbank for the company’s subsidiary Eurolux. The minority shareholders are also providing
guarantees to Nedbank for their 40% share of the facilities.

The total financial assistance provided to related and inter-related companies in terms of resolutions
passed by the Board during the current financial year exceeds one-tenth of one per cent of ARB’s net
worth.

Should shareholders have any queries, please contact the group financial director.
Durban

2 October 2019

Sponsor
Grindrod Bank Limited

Date: 02/10/2019 08:45:00
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