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SUN INTERNATIONAL LIMITED - Impact of COVID-19 Restrictions on the General Meeting to be held on Monday, 13 July 2020

Release Date: 30/06/2020 15:00
Code(s): SUI     PDF:  
Wrap Text
Impact of COVID-19 Restrictions on the General Meeting to be held on Monday, 13 July 2020

Sun International Limited
Incorporated in the Republic of South Africa
Registration number: 1967/007528/06
Share code: SUI
ISIN: ZAE000097580
LEI: 378900835F180983C60
("Sun International" or “the Company”)


IMPACT OF COVID-19 RESTRICTIONS ON THE GENERAL MEETING TO BE HELD ON MONDAY,
13 JULY 2020


Unless the context indicates otherwise, capitalised (defined) terms used in this announcement bear the
same meanings given to such terms in the Circular posted to Shareholders on Friday, 12 June 2020,
in relation to certain amendments to the memorandum of incorporation (“MOI”) of the Company and
certain other resolutions in contemplation of a Proposed Rights Offer ("the Circular").


1.      Introduction

        1.1     Shareholders are reminded that a General Meeting of Shareholders will be held at 09h00
                on Monday, 13 July 2020 at The Maslow Hotel, corner Grayston Drive and Rivonia Road,
                Sandton, Gauteng, to consider and if deemed fit, pass with or without modification, the
                resolutions contemplated in the Notice of General Meeting forming part of the Circular
                which was posted to Shareholders on Friday, 12 June 2020 and which is available on Sun
                International’s website at: www.suninternational.com/investors

        1.2     Shareholders are referred to the salient details relating to the General Meeting including
                the proposed amendments to the Company’s MOI, as well as the resolutions in anticipation
                of the Proposed Rights Offer, which are set out in the Circular to Shareholders which was
                released on SENS on Friday,12 June 2020.


 2.     Change in logistical arrangements for the General Meeting

        2.1     As a result of the recent COVID-19 outbreak in South Africa and its declaration as a
                "national disaster" in terms of the Disaster Management Act, 2002 (and accordingly, the
                restrictions imposed thereby on, among others, public gatherings), the board of the
                Company has decided not to hold the General Meeting in person at The Maslow Hotel.

        2.2     Accordingly, the General Meeting will proceed at 09:00 on Monday, 13 July 2020, and will
                only be accessible through electronic communication, as permitted by the JSE Limited and
                the provisions of the Companies Act and the Company's Memorandum of Incorporation.

        2.3     To this end, the Company has retained the services of The Meeting Specialist Proprietary
                Limited ("TMS") to host the General Meeting on an interactive electronic platform remotely,
                in order to facilitate remote participation and voting by Shareholders. TMS will also act as
                scrutineer.

                Shareholders who wish to participate electronically in and / or vote at the General Meeting
                are required to contact TMS on proxy@tmsmeetings.co.za or alternatively contact their
                office on +27 11 520 7950/1/2 as soon as possible, but in any event, for administrative
                purposes only, by no later than 09:00 on Thursday, 09 July 2020. However, this will not in
                any way affect the rights of Shareholders to register for the General Meeting after this date,
                provided, however, that only those Shareholders who are fully verified (as required in terms
                of section 63(1) of the Companies Act) and subsequently registered at the commencement
                of the General Meeting, will be allowed to participate in and / or vote by electronic means.                                                                                                          
                Shareholders are strongly encouraged to submit votes by proxy before the General
                Meeting. If individual Shareholders wish to participate in the General Meeting, they should
                instruct their CSDP or broker to issue them with the necessary letter of representation to
                participate in the General Meeting in person, in the manner stipulated in their respective
                custody agreements. These instructions must be provided to the CSDP or broker by the
                cut-off time and date advised by the CSDP or broker for instructions of this nature.

       2.4      TMS will assist Shareholders with the requirements for electronic participation in, and / or
                voting at the General Meeting. TMS is further obliged to validate (in correspondence with
                Sun International and, in particular, the Transfer Secretary, Link Market Services South
                Africa (Pty) Limited ("Link"), and your CSDP) each such Shareholder's entitlement to
                participate in and / or vote at the General Meeting, before providing it with the necessary
                means to access the General Meeting and / or the associated voting platform.

       2.5      Aside from the costs incurred by Sun International as a result of the hosting by TMS of the
                General Meeting by way of a remote interactive electronic platform, which Shareholders
                can choose to access, Shareholders will be liable for their own network charges in relation
                to electronic participation in and / or voting at the General Meeting. Any such charges will
                not be for the account of the JSE, Sun International and / or TMS. None of the JSE, Sun
                International or TMS can be held accountable in the case of loss of network connectivity
                or other network failure due to insufficient airtime, internet connectivity, internet bandwidth
                and / or power outages which prevents any such Shareholder from participating in and / or
                voting at the General Meeting.


3.     Voting by Proxy

       3.1      Notwithstanding the above, Shareholders are reminded that they are still able to vote
                normally through proxy submission, despite deciding to participate either electronically or
                not at all in the General Meeting. Shareholders are strongly encouraged to submit votes
                by proxy in advance of the General Meeting.

       3.2      Kindly ensure that TMS is copied when submitting all completed proxy forms and / or letters
                of representation to Link.

       3.3      Please forward all relevant information to the below mentioned:-

                The Meeting Specialist Proprietary Limited
                JSE Building
                One Exchange Square
                2 Gwen Lane
                Sandown
                South Africa
                2196

                Attention: Michael Wenner, Farhana Adam or Izzy van Schoor Tel: +27 11 520-7950/1/2

                Email     :      michael.wenner@tmsmeetings.co.za
                Email     :      farhana.adam@tmsmeetings.co.za
                Email     :      izzy.vanschoor@tmsmeetings.co.za
                Email     :      proxy@tmsmeetings.co.za


Sandton
30 June 2020


Sponsor
Investec Bank


                                                                                                           

Date: 30-06-2020 03:00:00
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