Resignation of Special Resolutions
05 September 2012
UPDATE TO SHAREHOLDERS REGARDING THE CONVERSION OF WESIZWE PAR VALUE SHARES TO SHARES OF NO PAR VALUE(“the Share Capital Conversion”), THE ADOPTION OF A NEW MEMORANDUM OF INCORPORATION (“the MOI Adoption”) & THE REGISTRATION OF SPECIAL RESOLUTIONS
Shareholders are referred to the announcement released by the Company on 13August 2012, informing shareholders that the timetable relating to the Share Capital Conversion and the MOI Adoptionas set out in Appendix 2 of the Company’s Annual Integrated Report 2011, was no longer applicable as a result of a delay by the Companies and Intellectual Property Commission (“CIPC”) of the registration of the special resolutions relating thereto.
Following the above, shareholders are hereby advised that the Company has received confirmation from CIPC that the said special resolutions were registered on Monday, 3 September 2012.
Accordingly, shareholders are hereby advised that the Company’s shares will commence trading as shares of no par value on or about 6 September 2012.