14 Jul - 2 min read
Results of the General Meeting and Addendum to Agreement
Results of the General Meeting and Addendum to Agreement ETION LIMITED (Incorporated in the Republic of South Africa) (Registration Number: 1987/001222/06) (Share Code: ETO) (ISIN: ZAE000097028) (“Etion” or “the Company” or “the Group’’) RESULTS OF THE GENERAL MEETING AND ADDENDUM TO AGREEMENT ADDENDUM TO AGREEMENT Shareholders are referred to the Category 1 disposal and withdrawal of cautionary announcement dated 20 April 2021 released on SENS whereby Etion entered into an agreement (“Agreement”) with Altron TMT SA Group Proprietary Limited (“Altron”) in terms of which, Etion will sell 100% of the issued shares in Law Trusted Third Party Services Proprietary Limited (“Disposal”). Etion and Altron have signed an addendum to the Agreement, wherein, inter alia, the period in which the conditions precedent must be fulfilled by 15 July 2021 has been extended to 31 August 2021. RESULTS OF THE GENERAL MEETING Shareholders are hereby advised that at the general meeting (“GM”) of the Company held electronically today, 14 July at 10h00, all the resolutions to approve the Disposal were passed by the requisite majorities of the Company’s shareholders. Details of the results of the voting at the GM are as follows: Votes Votes for against resolution resolution Number of Number of as a as a shares shares percentage percentage voted at GM abstained of total of total as a as a Resolutions number of number of Number of percentage percentage proposed at the shares shares shares of shares in of shares in GM voted at GM voted at GM voted at GM issue issue Ordinary resolution number 1: Approval of the Disposal in terms of the JSE Listings Requirements 99.62 0.38 424 482 021 75.21 0,05 Special resolution number 1: Approval of the Disposal in terms of the Companies Act 99.62 0.38 424 482 021 75.21 0,05 Note: Total number of shares in issue as at the date of the GM was 564 411 033. Pretoria 14 July 2021 Transactional Sponsor and Transaction Adviser PSG Capital Date: 14-07-2021 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.