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HULISANI LIMITED - Results of General Meeting

Release Date: 07/01/2022 15:35
Code(s): HUL     PDF:  
Wrap Text
Results of General Meeting

Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
JSE Share code: HUL
ISIN: ZAE000212072
(“Hulisani” or “the Company”)


1.      Introduction

1.1.    Hulisani Shareholders are referred to the announcement released on the Stock Exchange
        News Service (“SENS”) by Hulisani and Reatile Group on 9 November 2021 (“the Firm
        Intention Announcement”) and the announcement confirming the posting of the Circular to
        Hulisani Shareholders, dated 7 December 2021 (collectively, “the Announcements”).

1.2.    As contemplated in the Announcements, the General Meeting was held at 10:00 on Friday, 7
        January 2022 and was hosted and conducted entirely in electronic format.

1.3.    Capitalised words and phrases in this announcement shall, unless the context indicates
        otherwise, bear the same meanings ascribed thereto in the Firm Intention Announcement.

2.      Results of the General Meeting

2.1.    All the Resolutions set out in the notice of General Meeting were passed by the requisite
        majority of Hulisani Shareholders entitled to vote.

2.2.    The total number of Hulisani ordinary shares in issue is 50 00 020 shares, all of which
        50 000 020 were entitled to be voted. The total number of Scheme Shares voted at the General
        Meeting were 39 171 206, representing 78.34% of the Scheme Shares which were entitled to

2.3.    Details of the results of the voting at the General Meeting are as follows:

        Resolutions                              Shares Voted            Votes       Votes For    Votes
                                                                        Abstained                 Against

                                                Number        % (1)        % (1)        % (2)      % (2)

        Special Resolution Number 1           39 171 206    78.34         0.00        99.865      0.135
        Approval of the Scheme
        Special Resolution Number 2           39 171 206    78.34         0.00        99.863      0.137
        Revocation of Scheme

        1.   As a percentage of the Scheme Shares entitled to vote.
        2.   As a percentage of Scheme Shares voted.

3.     Conditions Precedent to the Scheme

3.1.   Hulisani Shareholders will be advised once all the Scheme Conditions Precedents, as set out
       in the Circular, have been fulfilled (or waived, to the extent possible).

3.2.   A finalisation announcement will be made in due course, based on the indicative salient dates
       and times detailed in the Circular.

4.     Exercise by Dissenting Shareholders of Appraisal Rights

4.1.   As detailed in the Circular and the Notice of the General Meeting, Hulisani Shareholders
       wishing to exercise their Appraisal Rights (“Dissenting Shareholders”) were required to, inter
       alia, provide the Company with a written Notice of Objection before the General Meeting.

4.2.   No Notices of Objection were received by the Company prior to the General Meeting.

5.     Responsibility Statement

       The Independent Board accepts responsibility for the information contained in this
       announcement as it pertains to Hulisani. To the best of the Independent Board's knowledge
       and belief, the information contained in this announcement as it pertains to Hulisani is true and
       nothing has been omitted which is likely to affect the importance of such information.

7 January 2022

Corporate advisor and transaction sponsor to Hulisani
Questco Proprietary Limited

Legal advisor to Hulisani
Webber Wentzel Attorneys

Date: 07-01-2022 03:35:00
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The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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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.

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