To view the PDF file, sign up for a MySharenet subscription.

CORONATION FUND MANAGERS LIMITED - Results of general meeting: odd-lot offer and specific offer

Release Date: 27/03/2024 14:49
Code(s): CML     PDF:  
Wrap Text
Results of general meeting: odd-lot offer and specific offer

(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
Share code: CML
ISIN: ZAE000047353
LEI: 3789001BC9A294E6FF77
("Coronation" or "the Company")


1.    Introduction

1.1      Shareholders are referred to the announcement released on the Stock Exchange News Service,
         on Tuesday, 27 February 2024 and the circular to shareholders issued on the same date, as
         supplemented on Wednesday, 28 February 2024 ("Circular"), relating to the Odd-lot Offer and the
         Specific Offer.

1.2      The Circular incorporated a notice convening a general meeting of shareholders ("General
         Meeting") for the purpose of considering and, if deemed fit, passing, with or without modification,
         the resolutions contained in the Circular.

1.3      Unless otherwise defined herein, capitalised words and terms contained in this announcement
         shall bear the meanings ascribed thereto in the Circular.

2.    Results of General Meeting

2.1      Shareholders are hereby advised that the General Meeting of the Company was held entirely by
         way of electronic participation at 10:00 today, Tuesday, 27 March 2024.

2.2      Shareholders are further advised that, at the General Meeting, all of the resolutions were passed
         by the requisite majority of the Company's shareholders.

2.3      Details of the results of the voting at the General Meeting are as follows:

          Resolutions              Shares          Shares           Votes for      Votes        Shares
          proposed at the          voted at the    voted (%) ¹      resolution     against      abstained
          General Meeting          General                          (%) ²          resolution   (%) ¹
                                   Meeting                                         (%) ²

          Special Resolution
          Number 1:                171 103 739        48.91%          99.96%          0.04%       0.31%
          Specific authority to
          repurchase Shares
          from Odd-lot Holders
          Special Resolution
          Number 2:                171 103 739        48.91%          99.96%          0.04%       0.31%
          Specific authority to
          repurchase Shares
          from the Specific

          Resolution               171 099 312        48.91%          99.96%          0.04%       0.31%
          Number 1:
          Authority to make
          and implement the
          Odd-lot Offer,
          specifically the
          repurchase of Odd-
          lot Holdings from the
          Odd-lot Holders who
          do not make an

          1. As a percentage of the total number of ordinary shares in issue as at the date of the General
             Meeting, which was 349 799 102.
          2. As a percentage of the total number of ordinary shares voted at the General Meeting.
          3. No resolutions were added or amended at the General Meeting.

3.   Salient dates and times

     Coronation Shareholders are reminded of the following remaining salient dates and times in relation
     to the Offers:

      Offers open at 09:00                                                        Thursday, 28 March
      Finalisation announcement (including final Offer Price) in respect of         Tuesday, 9 April
      Offers by 11:00
      Last day to trade to participate in the Offers                               Tuesday, 16 April
      Shares commence trading ex the Offers                                      Wednesday, 17 April
      Forms of Election and Surrender to be received by the Transfer                Friday, 19 April
      Secretaries by 12:00
      Offers close at 12:00                                                         Friday, 19 April
      Record Date for the Offers                                                    Friday, 19 April
      Payment of the Offer Consideration to Certificated Holders who have           Monday, 22 April
      accepted the Offers or who have made no election
      Dematerialised Holders who have accepted the Offers or who have               Monday, 22 April
      made no election as to the Odd-lot Offer will have their accounts at
      their CSDP or Broker credited with the Consideration
      Results of Offers released on SENS                                            Monday, 22 April
      Results of the Offers published in the South African press on or about       Tuesday, 23 April
      Delisting and cancellation of Shares repurchased in terms of the Offers       Friday, 26 April
      on or about

      1. All times referred to in this announcement are local times in South Africa and are subject to
      2. Any variation of the above dates and times will be approved by the JSE and released on SENS.
      3. Shareholders may not dematerialise or rematerialise their Shares between the last day to trade
         to participate in the Offers and the Record date for the Offers.

Cape Town
27 March 2024

Corporate Advisor and Sponsor
Valeo Capital (Pty) Limited

Date: 27-03-2024 02:49:00
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.

Share This Story