Sable Mining Africa Limited Result of EGM (0191M)

TIDMSBLM

RNS Number : 0191M

Sable Mining Africa Limited

07 October 2016

Sable Mining Africa Ltd / Index: AIM / Epic: SBLM / Sector: Natural Resources

7 October 2016

Sable Mining Africa Limited ('Sable Mining' or 'the Company')

Result of EGM

Sable Mining announces that at the Company's Extraordinary General Meeting ("EGM") held today all of the resolutions were duly passed, as a result of which:

-- the cancellation of trading of the Company's Ordinary Shares (the "Ordinary Shares") on the AIM market is expected to become effective at 7.00 am (London time) on 17 October 2016 (the "Cancellation"); and

-- the Company's name will change to "Consolidated Growth Holdings Limited", with immediate effect.

Shareholders are advised that following the Cancellation, the Company shall continue:

-- to investigate putting in place a Matched Bargain Facility to assist Shareholders to trade in Ordinary Shares;

-- to communicate information about the Company (including annual accounts) to its shareholders, as required by law, and the Company will continue to hold annual general meetings; and

-- to maintain and update a website. With effect from Cancellation, the Company's existing website will be closed and replaced with a new website at www.cgh-limited.com.

Full details relating to the Cancellation are set out in the circular to Shareholders dated 14 September 2016.

Andrew Groves, CEO of Sable Mining, commented:

"We are grateful to shareholders for their continued support at this time and believe that the Cancellation is in the best interests of the Company and its Shareholders as a whole. We intend to invest our existing cash together with further cash realised from disposals into revenue generating assets, with a geographic focus on southern and central Africa. We will continue to strive to maximise shareholder value following the cancellation of our AIM listing and will provide updates to our shareholders as matters progress."

** ENDS **

For further information please visit www.sablemining.com or contact:

 
 Andrew Groves   Sable Mining Africa   Tel: [phone] 
                  Ltd                   9200 
 
 Ben Brewerton   FTI Consulting        Tel: [phone] 
                                        1000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 07, 2016 07:46 ET (11:46 GMT)