Key Milestones and Requirements for Safaricom Transaction
Timetable and key requirements
Key Dates
05 July
15 August
16 August
August
Release of shareholder
GM
GM result announced
Expected close
circular
Call for General meeting
(GM)
Key milestones and requirements
SARB approval
Ordinary resolution approving the transaction as a related party transaction in terms of JSE Listings Requirement
It should be noted that Vodafone will not be able to vote on the matter but will be counted for quorum
Special resolution to issue consideration shares in terms of section 41(1)(b) of the Companies Act
Vodafone can vote on this resolution
Ordinary resolution to approve the issue of the consideration shares in terms of clause 5.7.2 of Vodacom's memorandum
of incorporation
The Capital Markets Authority of Kenya confirming that Vodacom is not required to make a mandatory offer to the
remaining shareholders of Safaricom
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