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Circular to Shareholders

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08 Nov 2007

Circular to shareholders relating to:

  • The consolidation of the existing share capital of the company;
  • the conversion of the existing share capital of the company consisting of par value shares into no
  • par value shares;
  • an increase in the authorised share capital of the company by way of the creation of convertible
  • preference shares and the subsequent conversion thereof into ordinary shares with no par value;
  • a specific issue of shares for cash;
  • a general authority to issue shares for cash;
  • the adoption of new articles of association of the company;
  • a mandatory offer to minority Samroc shareholders (“the mandatory offer”) following a change of
  • control pursuant to the specific issue of shares for cash;