If you are a Debenture Holder and will be attending the meeting in Pretoria tomorrow, be aware of the timings that apply (as stated in the original emails sent out)
There will be four separate votes, namely:
For The Villa: starting at 1000
For The Income Plans (all the Malls): at 1200
For Zambezi Company: at 1400
For The Growth Plans (all the residential developments): at 1600
This is because there are four separate Schemes of Arrangement and each will be voted on separately – probably to satisfy legal requirements
This is the important aspect: If you received more than one email you have that number of votes and you need to be at the venue before the time of the first vote in which you can participate ( This does not apply to persons who have given proxies)
It does also mean that you may have to wait around the locale until the start of your next vote. For example, If you have a vote in The Villa and Zambezi Company, you’ll have a 2 hour break between your voting sessions. If Villa and Growth Plans, a 4 hour wait between sessions
There will be four separate votes, namely:
For The Villa: starting at 1000
For The Income Plans (all the Malls): at 1200
For Zambezi Company: at 1400
For The Growth Plans (all the residential developments): at 1600
This is because there are four separate Schemes of Arrangement and each will be voted on separately – probably to satisfy legal requirements
This is the important aspect: If you received more than one email you have that number of votes and you need to be at the venue before the time of the first vote in which you can participate ( This does not apply to persons who have given proxies)
It does also mean that you may have to wait around the locale until the start of your next vote. For example, If you have a vote in The Villa and Zambezi Company, you’ll have a 2 hour break between your voting sessions. If Villa and Growth Plans, a 4 hour wait between sessions
The Capital in Menlyn is an hotel. We are advised that there will be basement parking and the cost of same will be paid for by Nova