Important content from our Facebook page

We are putting out some of our Facebook posts on aspects of the proposed January 11 meeting.

This one is on the email announcements of the proposed January 11meeting that members have received via email and how many votes one will have whether at the meeting or via proxies given

To clarify the reason for possibly having received more than one email notification of the Jan 11 meeting:
There are four categories out of the Sharemax closure and the Nova Debenture issuance
The Villa Companies (Villa 1 & 2) plus the Zambezi Company were restructured in terms of Section 311 of the Companies Act
The Malls are styled The Income Plan Companies and the residential developments are styled as the Growth Plan Companies. These were re-structured through the Business Rescue Plan
You will see the applicable category stated in the email(s) received
Therefore, you have a vote in each of the categories for which you have received an email
If you are invested in one of the properties in all four categories, then you should have four emails and you therefore have four votes
This will necessitate that you will give a proxy for each of the categories for which you have received an email
The number of actual debenture certificates that you hold is not relevant. You only get one vote per category that you are invested in

It is also our understanding that each of the categories will be the subject of a separate vote. This is to comply with the legal requirements in the four separate Schemes of Arrangement – one for each category

This is our understanding of the situation right now. If it changes later on we will advise

Meantime, we will communicate the names of two persons to insert in the proxy forms soon. These persons will be at the meeting and will speak and vote for NDCAG members

Please wait for these

We also have to provide you with an email address to which to send the proxies. Although the email address [email protected] <mailto:[email protected]> appears in the proxy form, this is not necessarily the ema to which it should be sent and quite likely, the last one that we want Debenture Holders to send them to

We will advise re this aspect as well as soon as possible

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Thank you


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