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CARGO CARRIERS LIMITED - Results of General Meeting

07 December 2018 - 16:45 PM
CRG
Results of General Meeting

CARGO CARRIERS LIMITED                                  CARGO CARRIERS HOLDINGS PROPRIETARY LIMITED
(Incorporated in the Republic of South Africa)          (Incorporated in Republic of South Africa)
(Registration number 1959/003254/06)                    (Registration number 1969/012377/07)
Share code: CRG ISIN Code: ZAE000001764                 (?CCH?)
(?Cargo? or ?the Company?)



RESULTS OF GENERAL MEETING OF THE COMPANY HELD ON 7 DECEMBER 2018


Cargo shareholders are advised that, at the General Meeting of the Company held on 7 December 2018 (?General
Meeting?), the special and ordinary resolutions set out in the Notice of General Meeting (which was dispatched to Cargo
shareholders on 9 November 2018), were passed on a poll by the requisite majorities (being those set out in the Notice of
the General Meeting in respect of each resolution).

-     Total number of issued ordinary shares of Cargo (?Cargo Shares?) at the date of the General Meeting: 21 052 632.
-     Total number of Cargo Shares that could have been voted at the General Meeting on the resolutions proposed pursuant
      to the provisions of the Companies Act 71 of 2008 and the Listings Requirements of the JSE Limited: 3 490 307.
-     Total number of Cargo Shares that were present/represented at the General Meeting: 2 823 779, being 80.90% of the
      total number of Cargo Shares that could have been voted on at the General Meeting.

                                                                                                                 Total Votes
                                                                                                                  (excluding
Resolution proposed                                           For            Against              Abstain        abstentions)
                                                  2 682 573 being      139 436 being          1 770 being    2 822 009 being
Special resolution number 1 ? Approval            95.06% of Cargo     4.94% of Cargo       0.01% of total    13.40% of total
of Scheme of Arrangement                             Shares voted       Shares voted         Cargo Shares       Cargo Shares

Special resolution number 2 ?
Revocation of special resolution number           2 680 873 being      139 436 being          3 470 being    2 820 309 being
1 in the event that the Scheme lapses or          95.06% of Cargo     4.94% of Cargo       0.02% of total    13.40% of total
fails                                                Shares voted       Shares voted         Cargo Shares       Cargo Shares
                                                 

Ordinary resolution number 1 ? Delisting
resolution                                        2 822 009 being      0 being 0% of          1 770 being    2 822 009 being
                                                    100% of Cargo       Cargo Shares       0.01% of total    13.40% of total
                                                     Shares voted              voted         Cargo Shares       Cargo Shares
                                                 
Ordinary resolution number 2 ?
authorising resolution                            2 820 309 being        1 700 being          1 770 being    2 822 009 being
                                                  99.94% of Cargo     0.06% of Cargo       0.01% of total    13.40% of total
                                                     Shares voted       Shares voted         Cargo Shares       Cargo Shares


Johannesburg
7 December 2018


Corporate Advisor to                                  Legal Advisor to                             Sponsor to
Cargo                                                            Cargo                                  Cargo
PricewaterhouseCoopers Corporate Finance        PricewaterhouseCoopers                 Arbor Capital Sponsors 
(Pty) Ltd                                              Legal (Pty) Ltd                              (Pty) Ltd


Corporate Advisor to                                  Legal Advisor to             Independent Expert to Cargo
CCH                                                                CCH                Mazars Corporate Finance    
Nodus Capital (Pty) Ltd                                 Webber Wentzel                               (Pty) Ltd
Date: 07/12/2018 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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