Namibia Stock Exchange (NAM) Date: Jul 10 2015 12:00:19
ORYX PROPERTIES LIMITED – Notice of a general meeting of unitholders
Notice of a general meeting of unitholders
ORYX PROPERTIES LIMITED
(Incorporated in the Republic of Namibia)
(Registration number 2001/673)
(“Oryx” or “the Company”)
(Share Code: ORY ISIN Code: NA0001574913) [7A1;7A3]
Directors:
F Uys (Chairman)
A Angula (Ms)
JJ Comalie (Ms)
SI de Bruin
C Fourie
NBS Harris (South African)
JC Kuehhirt
MK Shikongo
A Swanepoel
NOTICE OF A GENERAL MEETING OF UNITHOLDERS
Notice is hereby given that a general meeting of unit holders of the company will be held at the Kalahari
Sands Hotel, Elephant Room, 129 Independence Avenue, Windhoek at 09:00 on Tuesday, 4 August 2015
(“the general meeting”), for the purpose of considering and, if deemed fit, passing with or without
modification, the ordinary resolution set out below.
The board of directors proposes a rights issue to current unit holders of one for every five units held. This equates to 13 210 002 authorised but unissued units being placed under the control of the directors until the next Annual General Meeting.
The board believes it is prudent to have a rights issue in order to:
- lower the current and expected gearing levels of the company
- mitigate the risk of possible interest rate increases
- position the balance sheet (statement of financial position) for future expansionary activities.
Gearing levels are in excess of 40% and a limiting factor in considering any expansionary activity.
This resolution does not bind any unit holders to taking up their rights when the proposed rights issue
does take place, but to give the authority to the board to go ahead with the process of planning and
administering the rights issue. A circular giving detailed information about the rights issue and its
financial implications will be sent to unit holders in order for them to make an informed decision on
whether to exercise their rights.
ORDINARY RESOLUTION
“RESOLVED THAT 13 210 002 (Thirteen Million Two hundred and Ten Thousand and Two) unissued
authorised units be placed under the control of the directors for the purpose of a rights issue is hereby
approved.”
FORM OF PROXY
A form of proxy is attached for the convenience of any unit holder who cannot attend the general
meeting. Forms of proxy may also be obtained on request from the company’s registered office. The
completed forms of proxy must be deposited at or posted to the office of the transfer secretaries of the
company, Transfer Secretaries (Proprietary) Limited, 4 Robert Mugabe Avenue, Windhoek (PO Box
2401, Windhoek) to be received by no later than 9:00 on Monday, 3 August 2015. Any member who
completes and lodges a form of proxy will nevertheless be entitled to attend and vote in person (to the
exclusion of the proxy) at the general meeting should the member subsequently decide to do so.
DIRECTIONS TO THE OFFICES OF TRANSFER SECRETARIES
Transfer Secretaries is situated in the NSX building. When travelling on Robert Mugabe Avenue from the CBD toward Maerua Mall, turn left on Thorer Street and right at the T-junction [Burg Street]. Transfer Secretaries are in the 2nd building on the right.
By order of the board
E Pagel
Company Secretary
Windhoek
13 July 2015