Company announcements Home » Investors » News » Company announcements » Announcement for compliance reasons only: Notice, as required in terms of section 45(5)(a) of the Companies Act, 71 of 2008 (the Act) for the granting of financial assistance 2013 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Announcement for compliance reasons only: Notice, as required in terms of section 45(5)(a) of the Companies Act, 71 of 2008 (the Act) for the granting of financial assistanceAugust 23, 2013Notice is hereby given, as required in terms of section 45(5)(a) of the Act that the Board of directors(the Board) of the company at a meeting held on 12 August 2013, authorised the company to provide financial assistance to any 1 (one) or more related or inter-related companies or corporations of the Company and/or to any 1 (one) or more juristic persons who are members of, or are related to, any such related or inter-related company or corporation in terms of section 45 of the Act, pursuant to the authority granted to the Board by shareholders at the annual general meeting of the company, held on 30 November 2011. The aggregate financial exposure of the Company in respect of any financial assistance in terms of this resolution shall not exceed R1.4 billion. In terms of section 45(3)(b) of the Companies Act, the Board is satisfied that: immediately after providing financial assistance, the Company would satisfy the solvency and liquidity test as set out in section 4 of the Act; and the terms under which the financial assistance is proposed to be given under the resolution are fair and reasonable to the Company. For more details contact: Marian van der WaltExecutive: Corporate and Investor Relations+27 (0) 82 888 1242 (mobile) Sponsor:J.P. Morgan Equities South Africa Proprietary Limited.
