Y3K Group has proposed paying its shareholders an ordinary dividend of 1c a share, as well as a special dividend, also 1c a share.
The group says all the resolutions as proposed in a circular to shareholders, were passed by the majority of shareholders at a general meeting yesterday.
Among other things, the circular contained details of a mandatory offer at 13.396c a share, following a change of control at the company.
The reverse takeover of the group resulted from the acquisitions, announced last year, of Information Security Architects (ISA) and iSecure.
The offer was conditional on the shareholder approval of the acquisitions, which was granted yesterday.
The offer is to open on 10 June and close on 1 July.
Y3K`s name is to be changed to ISA Holdings, and the listing is to be transferred to the JSE`s alternative exchange, AltX, on 27 June.
The Y3K Group share closed at 30c on the JSE yesterday, 3c or 9.1% down on the previous close.
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