Andulela shareholders were advised that on Friday, 25 January 2013, the company posted a circular to its shareholders in respect of:
  • the increase of the company's authorised share capital;
  • the consolidation of the company's share capital in the ratio of 50:1; and
  • the amendment of the company's Memorandum of Incorporation for the purpose of the consolidation.

Shareholders are advised that the circular includes, inter alia, a notice of general meeting of Andulela shareholders to be held at Abalengani Office Block, 108 4th Street, Parkmore, Sandton, Johannesburg at 16:30 on Wednesday, 27 February 2013 ("the general meeting") to consider and, if deemed fit, pass with or without modification the resolutions stated in the notice of general meeting.

The following are the salient dates and times in relation to the general meeting.
  • Record date in order to receive the circular (together with notice of general meeting) -- Friday, 18 January 2013
  • Circular (together with notice of general meeting) posted to shareholders on Friday, 25 January 2013
  • Announcement relating to the issue of the circular (together with notice of general meeting) released on SENS on Monday, 28 January 2013
  • Last day to trade to be eligible to vote at the general meeting -- Friday, 15 February 2013
  • Record date to determine which shareholders are entitled to attend and vote at the general meeting -- Friday, 22 February 2013
  • Last day to lodge forms of proxy for the general meeting (by 16:30) -- Monday, 25 February 2013
  • General meeting (at 16:30) -- Wednesday, 27 February 2013
  • Results of general meeting released on SENS -- Thursday, 28 February 2013

The circular to Andulela shareholders will be made available on the companyÆs website at www.andulelaholdings.com.

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