Result of EGM
August 13 2002 - 9:01AM
UK Regulatory
RNS Number:9074Z
Genbel South Africa Ld
13 August 2002
GENBEL SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1949/032379/06)
Share code: GBL ISIN: ZAE 00010054
("Genbel")
Results of scheme meeting and remaining conditions precedent
Further to the announcement dated 11 August 2002, the Genbel board of directors
wishes to announce that the scheme of arrangement proposed by Genbel Securities
Limited in terms of Section 311 of the Companies Act No. 61 of 1973 (as amended)
between Genbel and its shareholders ("the scheme"), has been approved by the
requisite majority of scheme members at the scheme meeting held on 13 August
2002.
Application will be made to the High Court of South Africa (Witwatersrand Local
Division) ("the Court") for sanction of the scheme at 10:00 or as soon
thereafter as Counsel may be heard on Tuesday, 20 August 2002. If the scheme is
sanctioned by the Court, the only remaining condition precedent for
implementation of the scheme will be the registration of the Order of Court
sanctioning the scheme by the Registrar of Companies. The scheme will not become
operative until such time as the Order of Court has been registered with the
Registrar.
A further announcement regarding the outcome of the application to Court will be
published on or about Friday, 23 August 2002.
Johannesburg
13 August 2002
Corporate adviser to Gensec
GENSECBANK
Gensec Bank Limited
(Registration number 1996/004744/06)
Merchant bank to Genbel and transactional sponsor
Rand Merchant Bank
A division of FirstRand Bank Limited
Corporate Finance
Sponsoring broker in Namibia
Hendrik Lombard trading as
SIMONISSTORM Securities
Member of the Namibian Stock Exchange
Corporate law advisers to Gensec
Hofmeyr Attorneys
Hofmeyr Herbstein & Gihwala Inc.
(Registration number 1997/001523/21)
Corporate law advisers and consultants to Genbel
Edward Nathan & Friedland
Corporate Law Advisors & Consultants
Competition lawyers to Genbel and Gensec
Webber Wentzel Bowens
This information is provided by RNS
The company news service from the London Stock Exchange
END
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