|
8th September 2003
MARKET ANNOUNCEMENT
HGL GROUP SELECTIVE SHARE BUY-BACK
SHAREHOLDERS APPROVE HGL GROUP SELECTIVE SHARE BUY-BACK
Lemarne shareholders today approved in general meeting the buy-back of 3,306,369 Lemarne
shares from HGL Group Pty Ltd (“HGL Group”) at $1.80 per share.
The special resolution to approve the buy-back was overwhelmingly passed on a show of
hands.
Lemarne received proxies totalling 7,345,750 votes distributed as follows:
- 7,255,157 (98.8%) in favour
- 44,991 (0.6%) against
- 45,602 (0.6%) undirected to vote at the proxy’s discretion
- No proxies elected to abstain.
The selective share buy-back agreement entered into with HGL Group on 22 May, 2003 is now
unconditional as all pre-conditions have been satisfied.
Completion of the buy-back from HGL Group is scheduled for no later than 15 September,
2003.
S.L. MASON
Company Secretary
8 September, 2003
|
