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October 21, 2005
M&R shareholders to vote on BEE
Shareholders of industrial holding company and multi-faceted global contractor Murray & Roberts will vote on November 21 on a R494 million investment extending its current black economic empowerment partnerships to a broad-base of staff and community organisations.
The objective of the empowerment strategy is to achieve greater than 25% broad-based, direct black ownership in Murray & Roberts by 2010. The initiative announced on August 30 will see 10% of Murray & Roberts Holdings Limited shareholding transferred to four trusts and will result in 9.4% direct black ownership being achieved by early next year.
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Posted by bernievn at October 21, 2005 8:55 PM