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PURPLE GROUP LIMITED - Withdrawal Of A Resolution Proposed For Adoption At The General Meeting Of The Company

Release Date: 29/03/2019 10:10
Code(s): PPE     PDF:  
 
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Withdrawal Of A Resolution Proposed For Adoption At The General Meeting Of The Company

PURPLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000185526
("Purple Group" or "the Company" or "the Group")

WITHDRAWAL OF A RESOLUTION PROPOSED FOR ADOPTION AT THE GENERAL MEETING
OF THE COMPANY

Shareholders are referred to the Notice of General Meeting, incorporated into a circular, sent to
shareholders on 1 March 2019 and in particular to Special Resolution 1 relating to the proposed change
of name of Purple Group to Easy Investment Holdings Limited (“Change of Name”).

On reflection, and after consultation with company stakeholders, coupled with the substantial costs
related to supporting brand effects and amendments to all legal and regulatory materials, the Board of
Directors has reconsidered its recommendation of the proposed Change of Name to shareholders.

The Board of Directors have requested the management team to cease the proposed Change of
Name. With an ever increasing project focus on pressing and value adding growth opportunities, the
Board wishes to relieve the management time and costs implicit in the Name Change initiative.

The Board of Directors will revisit this at the appropriate time.

As a result, Special Resolution 1 is withdrawn from voting at the General Meeting of Shareholders of
Purple Group Limited to be held on 04 April 2019 at 10h00.

All other resolutions as set out in the Notice of General Meeting remain in place to be voted on.

Johannesburg

29 March 2019

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Company Secretary and Transfer Secretaries: 4 Africa Exchange Registry Proprietary Limited

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