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NEW FRONTIER PROPERTIES LIMITED - Distribution of Written Resolution Circular to Shareholders

Release Date: 07/07/2020 14:30
Code(s): NFP     PDF:  
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Distribution of Written Resolution Circular to Shareholders

New Frontier Properties Ltd
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number: 123368C1/GBL)
SEM share code: NFP.N0000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or “the Company”)



DISTRIBUTION OF WRITTEN RESOLUTION CIRCULAR TO SHAREHOLDERS



Shareholders are advised that the board of directors of the Company (“Board”) has proposed:

   •     the appointments of Mr Shammeemkhan Abdoolakhan; Ms Patricia Sin Mew Cheung and Mr Andreas Ritzlmayr as
         directors of the Company; and
   •     various amendments to the Company’s Constitution in order to provide, inter alia, for greater flexibility regarding the
         location of, and attendance at, meetings of the directors and shareholders of the Company.

Shareholders will be requested to consider and, if deemed fit, approve, with our without modification, the ordinary and special
resolutions required to implement the above proposals by means of written consent in terms of section 117 of the Mauritian
Companies Act 2001, as amended (“Act”).

Section 117(1) of the Act provides that a resolution contemplated in terms of section 117 of the Act, i.e. a written resolution in lieu
of a meeting, shall be valid as if it has been passed at a properly constituted shareholders' meeting, where such resolution is signed
by shareholders entitled to exercise sufficient voting rights for it to have been adopted as a special resolution (i.e. by at least 75% of
the voting rights exercisable in respect thereof) and, if adopted, such resolution will have the same effect as if it had been approved
by voting at a meeting of shareholders.

A circular setting out the profiles of the proposed directors and the proposed amendments to the Constitution, together with the
proposed resolutions and a voting form for shareholders on each of the Mauritian and South African share registers (“Circular”),
was distributed to shareholders on 7 July 2020. A copy of the Circular is available on the Company’s website:
www.newfrontierprop.com.

The record date for determining shareholders entitled to receive the Notice was Friday, 26 June 2020 and the deadline for the exercise
of voting rights is 17h00 South African time on Wednesday, 12 August 2020.

New Frontier holds primary listings on both the Official Market of the Stock Exchange of Mauritius Ltd (“SEM”) and the Alternative
Exchange of the Johannesburg Stock Exchange (“JSE”).

By order of the Board

7 July 2020


This notice is issued pursuant to SEM Listing Rule 11.3, the Mauritian Securities Act 2005 and the JSE Listings Requirements. The
Board of Directors of the Company accepts full responsibility for the accuracy of the information contained in this announcement.

For further information please contact:

JSE sponsor
Arbor Capital Sponsors
+27 11 480 8500

SEM Authorised Representative and Sponsor
Perigeum Capital Ltd
+230 402 0890

Company secretary
Vistra (Mauritius) Ltd
+ 230 260 7275

Date: 07-07-2020 02:30:00
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