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BRIKOR LIMITED - Request for shareholders meeting

Release Date: 27/02/2020 12:33
Code(s): BIK     PDF:  
Wrap Text
Request for shareholders meeting

BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
(Share Code: BIK ISIN Code: ZAE000101945)
(“Brikor” or “the Company” or “the Group’’)

Request for shareholders meeting

Shareholders are advised in terms of section 3.93 of the JSE Listings Requirements that the
Company Secretary of Brikor received a letter and various further e-mail correspondence from
Ms Elsie Parkin, a shareholder in Brikor, requesting a shareholders meeting in terms of the
Companies Act, No 71 of 2008 (“the Companies Act”) and Brikor’s Memorandum of
Incorporation.

Ms Elsie Parkin indicated that she holds more than 10% of the voting rights of Brikor and
averred that she has been mandated by the following shareholders in the Company, namely
the Elgar Share Trust, the Daniel Parkin Testamentary Trust and the Milan Rautenbach
Testamentary Trust, to request a shareholders meeting of Brikor.

The request for a shareholders meeting is to consider the following matters:

   -   the removal of Mr Allan Pellow, Mr Garnett Parkin and Mr AP van der Merwe as
       directors of Brikor; and
   -   the appointment of Mr Norman Hornby, Dr Tanya Greeff (Hendry) and Mr Rod
       Mattheyse as directors of Brikor.

The request to call a shareholders meeting has for various reasons not been approved by the
Independent Board of Brikor and, accordingly, the Company will, in accordance with the
provisions of section 61(5) of the Companies Act, apply to court for an order setting aside the
request for a shareholders meeting on the grounds that the request is frivolous and/or
otherwise vexatious.

Shareholders will be kept up to date in this regard.


27 February 2020
Nigel

Designated Adviser
Exchange Sponsors

Date: 27-02-2020 12:33:00
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