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SKJ
SKJ
SKJ - Sekunjalo Investments Limited - Posting of circular to shareholders
SEKUNJALO INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1996/006093/06)
ISIN: ZAE000017893
JSE Share Code: SKJ
("Sekunjalo" or "the Company")
POSTING OF CIRCULAR TO SHAREHOLDERS
Shareholders are referred to the Company`s announcement, dated 9 December
2011, regarding the Company`s participation in the Pioneer Food Group
Limited Broad-Based Black Economic Empowerment Transaction ("Pioneer Foods
BEE Transaction"), referred to in that announcement as the Pioneer Foods
Phase II Broad-Based Black Economic Empowerment Transaction.
The Companies Act and the Listings Requirements of the JSE Limited do not
require Sekunjalo to obtain shareholder approval in respect of the Pioneer
Foods BEE Transaction, save that Sekunjalo shareholders are required to
approve, in terms of section 44(3)(a)(ii) and section 45(3)(a)(ii) of the
Companies Act, the financial assistance granted by Sekunjalo pursuant to
the provisions of the Pioneer Foods BEE Transaction.
Accordingly a circular has been posted to Sekunjalo shareholders today
relating to the submission to Sekunjalo shareholders of:
i.) a resolution in terms of section 44(3)(a)(ii) for the provision
of financial assistance by Sekunjalo for the subscription for B
Preference Shares in the share capital of a wholly-owned
subsidiary of Sekunjalo; and
ii.) a resolution in terms of section 45(3)(a)(ii) for the provision
of financial assistance by Sekunjalo to two of its wholly-owned
subsidiaries,
for consideration and adoption by shareholders in terms of section 60 of
the Companies Act, such resolutions being required pursuant to the terms of
the Pioneer Foods BEE Transaction.
Shareholders of the Company are referred to the circular which sets out the
action required by them in respect of the circular.
The salient dates in respect of the circular are as follows:
Circular and annexures thereto posted to Friday, 27 January 2012
shareholders on
Record date to determine which Friday, 3 February 2012
shareholders are entitled to vote on the
shareholder resolutions in terms of the
written consent / written instruction
included in the circular
Deadline for the exercise of voting rights Friday, 2 March 2012
by shareholders on the shareholder
resolutions
Shareholders are further advised that a copy of the circular may be
obtained from the registered office of Sekunjalo and the Company`s transfer
secretaries. A copy of the circular will also be available on Sekunjalo`s
website (www.sekunjalo.com).
27 January 2011
Cape Town
Sponsor
PSG Capital
Date: 27/01/2012 16:30:14 Produced by the JSE SENS Department.
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