|03 February 2009|
03 Feb 2009 - JCD - JCI Limited - Results Of Scheme Meeting And Renewal Of Cautionary Announcement
(Incorporated in the Republic of South Africa)
(Registration number 1894/000854/06)
Share code: JCD (Suspended)
RESULTS OF SCHEME MEETING
RENEWAL OF CAUTIONARY ANNOUNCEMENT
JCI shareholders are advised that at the adjourned scheme meeting of JCI
shareholders held on Monday, 2 February, the scheme of arrangement ("the
scheme") in terms of section 311 of the Companies Act (Act 61 of 1973, as
amended) ("the Act") proposed by Randgold and Exploration Limited ("R&E")
between JCI and its shareholders excluding R&E ("scheme members") was not agreed
to by the requisite majority of scheme members present and voting in person or
by proxy at the scheme meeting.
It was a condition of the scheme that by not later than Tuesday, 31 March 2009
(or such later date up to Monday, 29 June 2009 as JCI and R&E may, prior to 31
March 2009, agree in writing), the scheme shall have been agreed to by a
majority representing not less than three-fourths of the votes exercisable by
the scheme members present and voting, either in person or by proxy, at the
scheme meeting or any adjournment thereof. This condition has not been
Renewal of cautionary announcement
In the light of the above, JCI shareholders are advised to continue to exercise
caution in trading their shares over the counter until such time as a further
announcement is made.
3 February 2009
Corporate adviser and Sponsor to JCI:
Sasfin Capital (a division of Sasfin Bank Limited)
Corporate Law Advisers to the scheme:
Taback and Associates (Proprietary) Limited
Attorneys to JCI:
Routledge Modise Inc.
Date: 03/02/2009 15:57:02 Produced by the JSE SENS Department.
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