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VISUAL INTERNATIONAL HOLDINGS LIMITED - Results of General Meeting

Release Date: 13/06/2019 16:46
Code(s): VIS     PDF:  
Wrap Text
Results of General Meeting

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
(“Visual”)
ISIN Code: ZAE000187407 Share Code: VIS


RESULTS OF GENERAL MEETING


Shareholders are referred to the announcement released on SENS on 28 December 2018
and the circular to Visual shareholders dated 16 May 2019 (“the Circular”) regarding the
disposal by Visual of Stellendale Junction to Makoro. Capitalised terms used in this
announcement bear the same meaning as the capitalised and defined terms used in the
Circular.

Shareholders are advised that, at the General Meeting held on 13 June 2019, as convened
in terms of the Notice of General Meeting incorporated in the Circular, all the resolutions
required to approve the Disposal were passed by the requisite majority of shareholders who
were entitled to vote on the resolutions.

Details of the results of the voting at the General Meeting are set out below:

 Total number of Shares in issue                                                  374 265 547
 
 Total number of Shares eligible to vote in
 respect of Ordinary Resolution Number 1
 (i.e. excluding the 8 616 726 Shares held in
 aggregate by the Purchaser and its
 associates, as disclosed in the Circular)                                        365 648 821
 
 Total number of Shares eligible to vote in
 respect of Ordinary Resolution Number 2                                          374 265 547

 Total number of Shares present or
 represented at the General Meeting in          167 602 207, being 44.78% of the total issued
 person or by proxy in respect of Ordinary          share capital of Visual and 45.84% of the
 Resolution Number 1                                   total voteable share capital of Visual
 
 Total number of Shares present or
 represented at the General Meeting in          167 602 207, being 44.78% of the total issued
 person or by proxy in respect of Ordinary         share capital and the total voteable share
 Resolution Number 2                                                        capital of Visual

The following table reflects the resolutions proposed at the General Meeting as well as the
voting results in respect of each of the resolutions proposed:

                                      
                                                                                
                                         Total                                     Abstain
                                     number of            For       Against   (% of issued
 Resolution proposed                votes cast    (% of total   (% of total          share
                                    (excluding    votes cast)   votes cast)       capital)
                                  abstentions)

 Ordinary Resolution Number 1      167 478 835    167 478 835             -        123,372
 Approval of the Disposal                              (100%)                      (0.03%)
                                                 
 Ordinary Resolution Number 2                                                            
 Directors’ authority to sign      167 478 835     167 478 835            -        123,372           
 necessary documentation                                (100%)                     (0.03%)
 

By order of the Board.

Cape Town
13 June 2019

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 13/06/2019 04:46:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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