SACL | Results of Extraordinary General Meeting

SACL | Results of Extraordinary General Meeting
Published: 26 July 2013
RESULTS OF EXTRAORDINARY GENERAL MEETING

The directors of starafricacorporation limited ("starafrica" or "the Company") wish to advise shareholders that at the Extraordinary General Meeting (EGM) held on 19 July 2013, the results of the vote taken on the Resolutions put to shareholders were as follows:

RESOLUTION 1
That, in terms of the Company's Memorandum and Articles of Association and as required by the provisions of section 183 (1) (b) of the Companies Act [Chapter 24:03], the Company be and is hereby authorised to dispose of its 33.3% shareholding in Tongaat Hulett (Botswana) (Proprietary) Limited at a price determined by the directors of the Company to the best value and on such terms and conditions as the directors may determine.

RESULT –
Resolution 1 was passed unanimously.

RESOLUTION 2
That, in terms of the Company's Memorandum and Articles of Association and as required by the provisions of section 183 (1) (b) of the Companies Act [Chapter 24:03], the Company be and is hereby authorised to dispose of the entire assets and liabilities of its transport division, Bluestar Logistics at a price determined by the directors of the Company to the best value and on such terms and conditions as the directors may determine.
RESULT –
Resolution 2 was passed unanimously.
By Order of the Board
A J Musemburi
COMPANY SECRETARY
Harare
19 July 2013 
- Star Africa Corp

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