CIRCULAR TO SHAREHOLDERS. Xx Xxxxxxx xxx Xxxxxx is a related party as contemplated in paragraph 10.1 of the JSE Listings Requirements (“Listings Requirements”) as a director of Trustco and is also entitled together with Next Investments (Pty) Ltd to exercise 10% or more of the votes able to be cast at a Trustco general meeting. The Family is the majority shareholder in Trustco. • The settlement mechanism of the loan by way of the potential issuance of TTO shares to the Family should the Conversion Option be exercised, is considered to be a specific issue of shares for cash as per 5.51 of the Listings Requirements (“Specific Issue”). • Consequently, in terms of the Listings Requirements, the Specific Issue requires the approval of Shareholders at a general meeting. • The Family and its associates will be excluded from voting at the above general meeting. • A circular containing full details of the Specific Issue as well as a notice to convene a general meeting of Shareholders in order to consider and, if deemed fit, to pass with or without modification, the resolutions necessary to approve and implement the Specific Issue, will be made available to Shareholders in due course.
CIRCULAR TO SHAREHOLDERS. The Circular to the Shareholders containing information on the Proposed Acquisition, together with the notice of the EGM, will be despatched by the Company in due course.
CIRCULAR TO SHAREHOLDERS. The Company will be seeking specific approval of its Shareholders for the Proposed Transactions at an EGM. The circular containing, inter alia, further information on the Proposed Transactions and enclosing the notice of EGM therewith, will be dispatched to the Shareholders in due course.
CIRCULAR TO SHAREHOLDERS. The Company will convene an extraordinary general meeting ("EGM") to seek the approval of Shareholders for the Proposed Acquisition. The Circular containing inter alia, further information on the Proposed Acquisition and the Proposed Diversification and enclosing the notice of EGM therewith, will be despatched by the Company to Shareholders in due course.
CIRCULAR TO SHAREHOLDERS. A circular containing, inter alia, information on the Convertible Loan, the Conversion and the Whitewash Waiver (where required), will be despatched to the Company’s shareholders in due course.
CIRCULAR TO SHAREHOLDERS. As set out in the Option Announcement, the Proposed Disposal is classified as a major transaction and it is subject to approval by the Shareholders at an extraordinary general meeting to be convened after the signing of the SPA, unless waived or exempted by the SGX- ST. A circular containing further details on the Proposed Disposal and enclosing a notice of extraordinary general meeting in connection therewith will be despatched to Shareholders in due course, if required. The Group is involved in the business of, inter alia, investment holding, property development and property investment. The Proposed Disposal is considered to be in the ordinary course of business and on arm’s length and normal commercial terms, for the purposes of the existing Multicurrency Medium Term Note Programmes established by the Group.
CIRCULAR TO SHAREHOLDERS. A circular setting out further information on, amongst others, the Proposed Acquisition and the change in the nature of the business and risk profile of the Company arising from the Proposed Acquisition will be despatched to the Shareholders in due course together with the notice to convene the extraordinary general meeting. The Company will make further announcements relating to the Proposed Acquisition as and when necessary.
CIRCULAR TO SHAREHOLDERS. A circular containing further details on the Proposed Disposal and enclosing a notice of extraordinary general meeting in connection therewith will be despatched to Shareholders of the Company in due course.
CIRCULAR TO SHAREHOLDERS. A circular to Shareholders, together with the notice of the EGM to be convened, to seek Shareholders' approval for the Proposed Restructuring will be despatched to Shareholders in due course.
CIRCULAR TO SHAREHOLDERS. The Company will in due course despatch to the shareholders a circular containing information pertaining to the Proposed Acquisition and seeking approval for the same at an extraordinary general meeting to be convened.
