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CVN
CVN
CVN - Convergenet Holdings Limited - Results of Annual General Meeting
CONVERGENET HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/015580/06)
Share code: CVN ISIN: ZAE000102067
("ConvergeNet" or "the company")
RESULTS OF ANNUAL GENERAL MEETING
Shareholders are advised that at the reconvened annual general meeting of
the company held on Friday, 27 January 2012 at Number 3 Anerley Road,
Parktown, all the ordinary and special resolutions presented in the notice
of annual general meeting were passed by the requisite majority of
shareholders save for the following resolutions:
Ordinary Resolution Numbers 7, 9, 10: Appointment of Audit Committee
members;
Ordinary Resolution Number 11: Approval of the Remuneration Policy;
Ordinary Resolution Number 12: General authority to allot and issue shares
for cash;
Special Resolution Number 1: General authority to acquire/(repurchase)
shares;
Special Resolution Number 2: Non-executive directors` remuneration; and
Special Resolution Number 4: Amendment to the memorandum of incorporation.
Shareholders are advised that, due to ordinary resolutions number 7, 9 and
10, dealing with the appointment of audit committee members, not having been
approved, the Company`s audit committee will not have the requisite number
of independent non-executive directors as required by the Companies Act (No.
71 of 2008) and accordingly the board of directors will address this
situation in due course.
By order of the board
Johannesburg
27 January 2012
Sponsor
Arcay Moela Sponsors (Pty) Ltd
Date: 27/01/2012 17:30:01 Produced by the JSE SENS Department.
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