ANNOUNCEMENT REGARDING THE INTRODUCTION OF A STRATEGIC EMPOWERMENT PARTNER TO ALEXANDER FORBES AFRICAN OPERATIONS AND WITHDRAWAL OF CAUTIONARY
|
|
- Anastasia Simon
- 6 years ago
- Views:
Transcription
1 ALEXANDER FORBES GROUP HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 2006/025226/06) JSE Share Code: AFH ISIN: ZAE ( Alexander Forbes or the Company ) ANNOUNCEMENT REGARDING THE INTRODUCTION OF A STRATEGIC EMPOWERMENT PARTNER TO ALEXANDER FORBES AFRICAN OPERATIONS AND WITHDRAWAL OF CAUTIONARY 1. Introduction and rationale Further to the cautionary announcement dated 14 March 2016 and subsequent renewal of cautionary announcements, the last of which was dated 7 September 2016, the board of directors of Alexander Forbes ( the Board ) is pleased to advise shareholders that it has entered into agreements ( Transaction Agreements ) to introduce African Rainbow Capital Proprietary Limited ( ARC ), a wholly-owned subsidiary of Ubuntu-Botho Investments Proprietary Limited ( Ubuntu-Botho Investments ), as an empowerment shareholder into the African operations (including South Africa) of Alexander Forbes and its subsidiaries ( the Group ). The rationale for the transaction is to, amongst other things, improve the black economic empowerment ownership position of the Group and to further promote and support Alexander Forbes African business. In terms of the Transaction Agreements, ARC will subscribe for 10% of the total issued shares of the Company s wholly-owned subsidiary, Alexander Forbes Limited ( AFL ), equating to ordinary par value shares ( Subscription Shares ) for a total cash consideration of R ( the Subscription )(before taking into consideration the Post Completion Dividend described in paragraph 2.3 below). AFL is currently the holding company of all the main operating subsidiaries of Alexander Forbes, housing both the Company s African and international operations (through Alexander Forbes International Limited ( AFIL )). Thus, in order for AFL to be reflective of the Group s African operations only (which is in line with ARC s investment objectives), prior to the Subscription being effected, AFL will distribute its shares in AFIL to AFL s holding company, Alexander Forbes Acquisition Proprietary Limited ( AF Acquisition )( the Unbundling ). Following the Unbundling and the Subscription, AF Acquisition will hold 90% of the Group s African operations (AFL) and 100% of its international operations (AFIL).
2 Furthermore, in terms of the Transaction Agreements and subject to shareholder approval and the happening of certain specified events, ARC will have the right to exchange its shareholding in AFL for listed Alexander Forbes shares, subject to certain suspensive conditions set out in paragraph 3.2 below ( the Flip-Up ) (the Subscription and the Flip-Up together referred to as the Proposed Transaction ). As contemplated in the Company s existing relationship agreement with its largest shareholder, Mercer Africa Limited ( Mercer ) (which agreement was addressed in the pre-listing statement published in anticipation of the Company s listing), Alexander Forbes proposes to issue a number of ordinary shares at market value to Mercer at the time of the Flip-Up (if Mercer elects to take up such shares), so as to mitigate the dilutionary effect of the Flip-Up on Mercer s current shareholding in Alexander Forbes ( the Specific Issue ). The Specific Issue will be subject to separate shareholder approval. 2. The Subscription 2.1. Details of AFL AFL is the holding company of all the main operating subsidiaries of the Company. The main services provided by its subsidiaries include retirement funds and asset consulting, actuarial consulting, investment and administration services, employee risk benefits and healthcare consulting, multi-manager investment and platform solutions, individual financial advice and personal lines insurance. Primary clients span both the private and public sector market segments, including employers, retirement funds, investment and other special purpose funds on the institutional side, and individual members and beneficiaries of these retirement funds, as well as the wider individual market, on the retail side. AFL s geographic focus (prior to the Unbundling) includes South Africa, rest of Africa, the UK and other selected jurisdictions which have employee benefits legislative frameworks similar to South Africa.
3 2.2. ARC Overview ARC is a wholly-owned subsidiary of Ubuntu-Botho Investments which was created in 2004 with its initial main purpose of building black controlled capital through being Sanlam Limited's empowerment partner. In addition, the vision of Ubuntu-Botho Investments from the outset was to make a difference in the lives of ordinary South Africans by creating a premier black-owned and controlled financial services entity. This objective is being partly achieved through ARC. ARC aims to become a leading South African based pan-african financial services company which is black-owned and controlled. ARC has done a number of transactions since its inception in Subscription Price and use of proceeds ARC will subscribe for the Subscription Shares for a total consideration of R (being R14.69 per Subscription Share)( Subscription Price ), which will be settled in cash. Immediately prior to the Subscription, the board of directors of AFL will declare a dividend of R (being an amount equal to the Subscription Price), such dividend to be declared by the board of directors of AFL on the basis that it will be paid to the shareholders of record of AFL immediately after completion of the Subscription, and paid within 14 (fourteen) days of completion of the Subscription ( the Post Completion Dividend ). Accordingly, a net cash amount of R (being an amount equal to the Subscription Price less ARC s pro rata portion of the Post Completion Dividend) will be retained by Alexander Forbes Effective date of the Subscription The effective date of the Subscription will be 5 (five) business days following the fulfilment and/ or waiver of the relevant suspensive conditions, detailed in paragraph Suspensive conditions to the Subscription The Subscription is conditional on the fulfilment of the following suspensive conditions: AFL taking such steps as are necessary to distribute the shares held by it in AFIL to AF Acquisition;
4 the shareholders of Alexander Forbes passing the following resolutions: an ordinary shareholders resolution, requiring at least 50% shareholder approval, authorising and approving the issue of the Subscription Shares to ARC; and an ordinary shareholders resolution, requiring at least 50% shareholder approval, authorising and approving the Flip-Up; and the declaration by the board of directors of AFL of the Post Completion Dividend. The suspensive conditions are to be fulfilled on or before 30 December 2016, or such later date as may be agreed between the parties in writing The value of net assets and profits attributable to AFL The value of the net assets attributable to AFL amounts to R1 890 million, while the attributable profit after tax amounts to R718 million for Alexander Forbes most recent financial year ended 31 March Other salient items ARC has provided certain warranties to the Company (including in relation to ownership and conduct) which are standard for a transaction of this nature. 3. The Flip-Up 3.1. Following the completion of the Subscription, ARC will remain a shareholder of AFL until the occurrence of the Flip-Up Trigger Date, being the earlier of: the end of a 3 year period commencing on the closing of the Subscription; or a change of control of the Company or similar transaction; or Alexander Forbes being delisted from the JSE. Following the Flip-Up Trigger Date, Alexander Forbes (or its nominee) will acquire the Subscription Shares from ARC, subject to the
5 fulfilment of certain suspensive conditions set out in paragraph 3.2, the consideration for which shall be the issue of Alexander Forbes ordinary shares. Such number of shares shall be determined in accordance with a formula set out in the Transaction Agreements, in terms of which ARC s proposed shareholding in Alexander Forbes will be calculated relative to its shareholding in AFL on a value-forvalue basis, using the 30 day volume weighed average price ( VWAP ) as at the close of trading on the 3 rd (third) business day prior to the Flip-Up Trigger Date Suspensive conditions to the Flip-Up The implementation of the Flip-Up shall be subject to the fulfilment after the Flip-Up Trigger Date of the suspensive conditions that: any additional approvals that may be legally required for the Flip-Up are obtained; if the Flip-Up is triggered by an announcement in relation to a change of control or similar transaction, such change of control transaction becomes unconditional; and no event of default has occurred in respect of ARC which is continuing Other salient items For so long as ARC is a shareholder of AFL (or, if the Flip-Up occurs before the end of the three year period, until the end of the three year period), Alexander Forbes will have a right to acquire ARC s interest in AFL or Alexander Forbes if, amongst other limited items, ARC commits a material breach of the Transaction Agreements. The price of such acquisition will be at a 15% discount to the fair market value of ARC s interest in AFL or Alexander Forbes, as the case may be. 4. The Specific Issue Pursuant to the relationship agreement between Alexander Forbes and Mercer as disclosed in the Company s pre-listing statement (as amended from time to time), Mercer may elect to participate in the issuance of equity securities ( Anti-Dilution Right ) after the occurrence of a Flip-Up Trigger Event as detailed in paragraph 3.1. In order to give effect to the Anti-Dilution Right, Alexander Forbes will have 5 (five) business days after the Flip-Up Trigger Date to notify Mercer of the occurrence of a Flip-Up Trigger Event.
6 If Mercer elects to exercise its Anti-Dilution Right, the maximum number of ordinary Alexander Forbes shares which Mercer may subscribe for will be such number of ordinary shares that results in Mercer s current ownership percentage remaining unchanged following the occurrence of the Flip-Up( Mercer anti-dilution shares ). The Mercer anti-dilution shares will be issued for cash and the price per ordinary share at which Mercer will subscribe for the Mercer antidilution shares, to the extent that Mercer elects to do so, will be the 30 day VWAP as at the close of trading on the day before Mercer notifies Alexander Forbes of its intention to exercise its Anti- Dilution Right ( Mercer Subscription Price ). In terms of the JSE Listings Requirements, Alexander Forbes will be required to obtain a fairness opinion in respect of the Specific Issue. 5. Shareholder approval The Board recognises that while the Proposed Transaction may not ordinarily require shareholder approval in terms of the JSE Listings Requirements, in the interest of transparency and good corporate governance, the Company is seeking approval from shareholders for the Subscription and the Flip-Up in addition to the Specific Issue. The Specific Issue will be conditional upon shareholders passing an ordinary resolution, requiring at least 75% approval from shareholders (other than Mercer), approving such issue. The Specific Issue is also conditional upon the Proposed Transaction being approved by shareholders (however, the Proposed Transaction will not be conditional on shareholders approving the Specific Issue). To this end, a combined circular is being prepared and will be sent to shareholders in due course. 6. Shareholder Support Alexander Forbes has obtained an irrevocable undertaking from Mercer to vote in favour of the Subscription and Flip-Up. 7. Withdrawal of cautionary Shareholders are advised that further to this announcement, shareholders no longer need to exercise caution when dealing in Alexander Forbes securities.
7 Johannesburg 29 September 2016 Corporate Advisor and Transaction Sponsor PricewaterhouseCoopers Corporate Finance (Pty) Ltd. Legal Advisor to Alexander Forbes Bowmans Corporate Advisor to ARC UBS South Africa Proprietary Limited Legal Advisor to ARC Allen & Overy
DETAILED TERMS ANNOUNCEMENT RELATING TO ALEXANDER FORBES PROPOSED 2
Alexander Forbes Group Holdings Limited Incorporated in the Republic of South Africa (Registration number 2006/025226/06) JSE share code: AFH ISIN: ZAE000191516 ( Alexander Forbes or the Company or Alexander
More informationDETAILED TERMS ANNOUNCEMENT REGARDING THE UNWINDING OF MTN ZAKHELE IN NOVEMBER 2016
MTN Zakhele (RF) Limited (Incorporated in South Africa) (Registration number 2010/004693/06) Share code: MTNZBE ISIN: ZAE000208526 ( MTN Zakhele or MTNZ or the Company ) DETAILED TERMS ANNOUNCEMENT REGARDING
More informationSA Fire House Limited (Incorporated in the Republic of South Africa) Registration number 1957/003350/06. ( SA Fire House )
Zurich Insurance Company South Africa Limited (Incorporated in the Republic of South Africa) Registration number 1965/006764/06 ISIN: ZAE000094496 JSE Code: ZSA ( Zurich or the Company ) SA Fire House
More informationAgriGroupe Holdings Proprietary Limited (Incorporated in the Republic of South Africa) (Registration number 2013/013161/07) ( AgriGroupe )
AgriGroupe Holdings Proprietary Limited (Incorporated in the Republic of South Africa) (Registration number 2013/013161/07) ( AgriGroupe ) AFGRI Limited (Incorporated in the Republic of South Africa) (Registration
More informationThe salient terms of the respective transactions, which transactions will be implemented consecutively, are set out below:
The Tongaat-Hulett Group Limited (Incorporated in the Republic of South Africa) (Registration number: 1892/000610/06) (Share code: TNT) (ISIN: ZAE000007449) ( THG ) or ( the Company ) Final terms of the
More informationThe parties have agreed the following key proposed BEE transaction parameters, which will be determined on the pricing date:
YeboYethu (RF) Limited (Incorporated in the Republic of South Africa) (Registration number: 2008/014734/06) ISIN: ZAE000218483 Share code: YYLBEE ("YeboYethu") ANNOUNCEMENT RELATING TO YEBOYETHU'S PARTICIPATION
More informationJOINT ANNOUNCEMENT - UPDATE IN RESPECT OF THE FIRM INTENTION BY BIDVEST, POSTING OF THE CIRCULAR AND WITHDRAWAL OF THE CAUTIONARY
Mvelaserve Limited (Incorporated in the Republic of South Africa) (Registration number 1999/003610/06) JSE Share Code: MVS ISIN: ZAE000151353 ( Mvelaserve ) The Bidvest Group Limited Incorporated in the
More informationSHAREHOLDER UPDATE: EOH STRATEGY, STRATEGIC PARTNERSHIP WITH LEBASHE, INCLUDING
EOH HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1998/014669/06) Share code: EOH ISIN: ZAE000071072 ( EOH or the Company ) SHAREHOLDER UPDATE: EOH STRATEGY, STRATEGIC
More informationAssore Limited (Incorporated in the Republic of South Africa) (Registration number 1950/037394/06 Share code: ASR ISIN: ZAE ( Assore )
Assore Limited (Incorporated in the Republic of South Africa) (Registration number 1950/037394/06 Share code: ASR ISIN: ZAE000146932 ( Assore ) Shanduka Resources (Proprietary) Limited (Incorporated in
More informationDETAILED TERMS OF PPC S TOP-UP BLACK ECONOMIC EMPOWERMENT TRANSACTION AND WITHDRAWAL OF CAUTIONARY
PPC Ltd (Incorporated in the Republic of South Africa) (Company registration number: 1892/000667/06) JSE and ZSE Code: PPC ISIN: ZAE000170049 ("PPC" or the "Company") DETAILED TERMS OF PPC S TOP-UP BLACK
More informationUNWIND OF EXXARO S EXISTING BEE TRANSACTION, TERMS OF REPLACEMENT BEE TRANSACTION AND CAUTIONARY ANNOUNCEMENT
Exxaro Resources Limited (Incorporated in the Republic of South Africa) Registration number: 2000/011076/06 JSE share code: EXX ISIN: ZAE000084992 ADR code: EXXAY ( Exxaro or the Company or the Group )
More informationAcucap Properties Limited. Growthpoint Properties Limited. Approved as a REIT by the JSE. Approved as a REIT by the JSE
Acucap Properties Limited Approved as a REIT by the JSE (Incorporated in the Republic of South Africa) (Registration number 2001/021725/06) Growthpoint Properties Limited Approved as a REIT by the JSE
More informationAFGRI Limited (Incorporated in the Republic of South Africa) Registration Number: 1995/004030/06 JSE share code: AFR ISIN: ZAE ( AFGRI )
AFGRI Limited (Incorporated in the Republic of South Africa) Registration Number: 1995/004030/06 JSE share code: AFR ISIN: ZAE000040549 ( AFGRI ) THE UNWINDING OF AND EXTENSION TO THE BROAD BASED BLACK
More informationSÉCHÉ ENVIRONNEMENT S.A. (Incorporated in France) (Registration number ) ("Séché Environnement")
INTERWASTE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/037223/06) JSE code: IWE ISN: ZAE000097903 ("Interwaste") SÉCHÉ ENVIRONNEMENT S.A. (Incorporated in
More informationVODACOM GROUP'S PROPOSED NEW BROAD-BASED BLACK ECONOMIC EMPOWERMENT OWNERSHIP TRANSACTION
Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) ISIN: ZAE000132577 Share code: VOD ISIN: US92858D2009 ADR code: VDMCY ("Vodacom Group") VODACOM
More informationMTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN: ZAE
MTN Group Limited (Incorporated in the Republic of South Africa) Registration number 1994/009584/06 Share code: MTN ISIN: ZAE000042164 MTN ANNOUNCEMENT RELATING TO PROPOSED R8.1 BILLION BROAD-BASED BLACK
More informationTermination of the existing Adcock BEE transaction, implementation of a new BEE transaction and withdrawal of cautionary announcement
Adcock Ingram Holdings Limited Incorporated in the Republic of South Africa (Registration number 2007/016236/06) Share code: AIP ISIN: ZAE000123436 ( Adcock or the Company ) Termination of the existing
More information1. Introduction. 2. Notice of Scheme Meeting
HOLDSPORT LIMITED (Incorporated in the Republic of South Africa) (Registration number 2006/022562/06) Share code: HSP ISIN: ZAE000157046 ("Holdsport") LONG4LIFE LIMITED (Incorporated in the Republic of
More informationUPDATE ANNOUNCEMENT REGARDING THE CORPORATE RESTRUCTURING, SPECIAL DIVIDEND AND CAPITAL RAISE
Invicta Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1966/002182/06) Ordinary Share code: IVT ISIN code: ZAE000029773 Preference Share code: IVTP ISIN: ZAE000173399
More informationAn overview of Adcorp s BBBEE Partners is set out below:
Adcorp Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1974/001804/06) Share Code: ADR ISIN: ZAE000000139 ("Adcorp" or the "Company") THE INTRODUCTION OF A NEW TEN
More information1. TSB Acquisition Introduction
RCL Foods Limited (Incorporated in the Republic of South Africa) (Registration number 1966/004972/06) Share code: RCL ISIN: ZAE000179438 ( RCL Foods or the Company ) PROPOSED ACQUISITION BY RCL FOODS OF
More informationArcelorMittal South Africa Limited. (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06.
ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL ISIN: ZAE000134961 ( AMSA or the Company ) WITHDRAWAL OF CAUTIONARY
More informationSafaricom is owned by the government of Kenya (35%), Vodafone Kenya (39.93%), public investors (25%) and Safaricom employees (0.07%).
Vodacom Group Limited (Incorporated in the Republic of South Africa) (Registration number 1993/005461/06) Share code: VOD ISIN: ZAE000132577 ADR code: VDMCY ISIN: US92858D2009 ("Vodacom Group" or the company
More informationTRANSACTION CAPITAL LIMITED (Incorporated in the Republic of South Africa) (Registration No. 2002/031730/06) ISIN: ZAE JSE share code: TCP
TRANSACTION CAPITAL LIMITED (Incorporated in the Republic of South Africa) (Registration No. 2002/031730/06) ISIN: ZAE00167391 JSE share code: TCP ("Transaction Capital" or the "Company") TERMS ANNOUNCEMENT
More informationAnnouncement relating to the joint circular to Ceramic shareholders and notice of Ceramic general meeting
ITALTILE LIMITED (Incorporated in the Republic of South Africa) (Registration number 1955/000558/06) ISIN: ZAE000099123 JSE Share Code: ITE ( Italtile ) CERAMIC INDUSTRIES LIMITED (Incorporated in the
More information1. INTRODUCTION 2. RATIONALE FOR THE PROPOSED TRANSACTION
Telkom SA Limited (Incorporated in the Republic of South Africa) (Registration number 1991/005476/06) (JSE and NYSE share code: TKG) (ISIN: ZAE000044897) ("Telkom") ANNOUNCEMENT REGARDING THE FOLLOWING
More informationWITHDRAWAL OF CAUTIONARY ANNOUNCEMENT RELATING TO SALES OF EXCESS ASSETS AS RELEASED ON 3 FEBRUARY 2016 AND RENEWED ON 15 MARCH 2016 AND 3 MAY 2016
EQSTRA HOLDINGS LIMITED (Incorporated in South Africa) (Registration number 1998/011672/06) Share code: EQS ISIN: ZAE000117123 ( Eqstra ) TERMS ANNOUNCEMENT RELATING TO THE FOLLOWING: THE PROPOSED DISPOSAL
More informationNortham has concluded a fully funded R6.6 billion ten year secured Broad Based Black Economic
NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) Share code: NHM Debt issuer code: NHMI ISIN code: ZAE000030912 ( Northam or Company ) NORTHAM
More informationFIRM INTENTION BY MILCO TO ACQUIRE ALL THE ISSUED SHARES OF CLOVER AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Clover Industries Limited (Incorporated in the Republic of South Africa) (Registration number 2003/030429/06) JSE ordinary share code: CLR NSX ordinary share code: CLN ISIN: ZAE000152377 ( Clover or the
More information1.1 Further to the renewal of the cautionary announcement published on. 30 September 2015, shareholders are advised that Anchor is at an
ANCHOR GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2009/005413/06) ( Anchor or the Company ) ISIN Code: ZAE000193389 JSE Code: ACG ANNOUNCEMENT RELATING TO THE ACQUISITION
More informationACQUISITION OF DAVITA TRADING (PROPRIETARY) LIMITED ( DAVITA ) BY TIGER BRANDS
Tiger Brands Limited (Registration number 1944/017881/06) (Incorporated in the Republic of South Africa) Share code: TBS ISIN: ZAE000071080 ("Tiger Brands" or "the Company") ACQUISITION OF DAVITA TRADING
More informationBROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION ( B-BBEE TRANSACTION ) AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
PETMIN LIMITED Incorporated in the Republic of South Africa Registration Number 1972/001062/06 Share Code JSE: PET ISIN: ZAE000076014 ('Petmin' or 'the Company') BROAD-BASED BLACK ECONOMIC EMPOWERMENT
More informationStellar Capital Partners Limited - Terms Announcement Re Acquisition Additional Interest In Tellumat And Friedshelf
Stellar Capital Partners Limited - Terms Announcement Re Acquisition Additional Interest In Tellumat And Friedshelf Release Date: 30/11/2015 17:30:00 Code(s): SCP Terms announcement re acquisition additional
More informationDECLARATION ANNOUNCEMENT IN RESPECT OF THE ITALTILE PARTIALLY UNDERWRITTEN RIGHTS OFFER
ITALTILE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 ( Italtile or the Company ) DECLARATION ANNOUNCEMENT IN RESPECT
More informationTerm Sheet. Stellar Capital Partners Limited
24 November 2015 Term Sheet Stellar Capital Partners Limited Redeemable Preference Shares due [31 May 2019] Convertible into Ordinary Shares of Stellar Capital Partners Transaction Summary Issuer Current
More informationSOUTH AFRICAN NATIONAL TAXI COUNCIL (SANTACO) ACQUIRES A 25% STAKE IN SA TAXI FINANCE HOLDINGS PROPRIETARY LIMITED ( SA TAXI ) FOR R1.
Transaction Capital Limited (Incorporated in the Republic of South Africa) Registration number: 2002/031730/06 JSE share code: TCP ISIN: ZAE000167391 ( Transaction Capital ) SOUTH AFRICAN NATIONAL TAXI
More informationFINALISATION ANNOUNCEMENT IN RELATION TO THE UNBUNDLING OF MOTUS AND NAME CHANGE OF IMPERIAL HOLDINGS
Imperial Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1946/021048/06) Share code: IPL ISIN: ZAE000067211 ( Imperial Holdings or the Company ) FINALISATION ANNOUNCEMENT
More information1. INTRODUCTION Transaction Capital shareholders are advised that
TRANSACTION CAPITAL LIMITED (Incorporated in the Republic of South Africa) (Registration No. 2002/031730/06) ISIN: ZAE00167391 JSE share code: TCP ("Transaction Capital" or the "Company") Bayport Management
More informationAssociated British Foods plc (Incorporated in England) (Registration number ) Share Code: ABF ISIN: GB ( ABF )
Illovo Sugar Limited (Incorporated in the Republic of South Africa) (Registration number 1906/000622/06) Share Code: ILV ISIN: ZAE000083846 ("Illovo" or the Company ) Associated British Foods plc (Incorporated
More informationPROPOSAL TO ACQUIRE WEPEX AND MAKGARAPA, DISPOSE OF IMBALIE BEAUTY S SUBSIDIARIES AND BUSINESSES AND CAUTIONARY ANNOUNCEMENT
IMBALIE BEAUTY LIMITED (Incorporated in the Republic of South Africa) (Registration number 2003/025374/06) JSE Share code: ILE ISIN: ZAE000165239 ("Imbalie Beauty or the Company or Group ) PROPOSAL TO
More informationABRIDGED PRE-LISTING STATEMENT: LISTING OF AVIOR HOLDINGS ON THE ALTERNATIVE EXCHANGE OPERATED BY THE JSE LIMITED
AVIOR CAPITAL MARKETS HOLDINGS LIMITED (previously Jamispan Proprietary Limited) Incorporated in the Republic of South Africa Registration number: 2015/086358/06 Share Code: AVR ISIN: ZAE000211637 ( Avior
More informationPOSTING OF CIRCULAR, NOTICES OF SCHEME MEETING AND GENERAL MEETING AND IMPORTANT DATES AND TIMES
TIMES MEDIA GROUP LIMITED (Incorporated in the Republic of South Africa) Registration number 2008/009392/06 Share code: TMG ISIN: ZAE 000169272 ("TMG") BLACKSTAR GROUP SE Incorporated in Malta (Company
More information1. INTRODUCTION. (the transaction ). Rafik Mohamed is currently the sole director of PRSM.
ANDULELA INVESTMENT HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1950/037061/06) JSE share code: AND ISIN: ZAE000172870 ( Andulela or the company ) CATEGORY 1 DISPOSAL
More informationRegistration number: 1983/009088/06 Company code: IMG
Imperial Holdings Limited ( Imperial or Group ) Incorporated in the Republic of South Africa Registration number: 1946/021048/06 Ordinary share code: IPL ISIN: ZAE000067211 Preference share code: IPLP
More informationCircular to Kumba Shareholders
Circular to Kumba Shareholders regarding: KUMBA IRON ORE LIM ITED A member of the Anglo American plc group Incorporated in the Republic of South Africa Registration number: 2005/015852/06 Share code: KIO
More informationKLK LANDBOU LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/015589/06) ("KLK" or "the Company")
KLK LANDBOU LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1997/015589/06) ("KLK" or "the Company") ANNOUNCEMENT OF A FIRM INTENTION BY SUBTROPICO LIMITED TO MAKE AN OFFER
More informationDatatec Westcon-Comstor $830 million transaction withdrawal of cautionary
DATATEC LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1994/005004/06) ISIN: ZAE000017745 Share Code: DTC Datatec Westcon-Comstor $830 million transaction withdrawal of cautionary
More informationInvestment bank Sponsor to Clicks Legal advisor. Reporting accountants and auditors Independent Expert Transfer secretaries
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions on pages 5 to 10 of this document apply throughout this document. If you are in any doubt as to the action you should take,
More informationObstetrics: 6 beds;; Paediatrics: 4 beds;; ICU/ High care: 2 beds;; and Adult beds: 32 beds (Surgical beds: 8, General: 24 beds).
ACQUISITION OF ASSETS 1. Introduction RH BOPHELO LIMITED (Previously Newshelf 1388 Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number: 2016/533398/06) (JSE Share Code:
More informationArrowhead Properties Limited ( Arrowhead )
Arrowhead Properties Limited ( Arrowhead ) FIRM INTENTION BY ARROWHEAD TO ACQUIRE THE REMAINDER OF VIVIDEND INCOME FUND LIMTED Tuesday, 1 April 2014. Arrowhead Properties Limited (Arrowhead), the JSE-listed
More informationShareholders are referred to the announcement below issued by Vodacom Group (Pty) Limited ( Vodacom ).
Telkom SA Limited (Registration Number 1991/005476/06) ISIN ZAE000044897 JSE and NYSE Share Code TKG ( Telkom ) Vodacom s broad-based BEE transaction Shareholders are referred to the announcement below
More information1. INTRODUCTION 2. UPDATE ON THE AGROKOR ACQUISITION AND CIRCULAR
TOWER PROPERTY FUND LIMITED (Incorporated in the Republic of South Africa) (Registration number 2012/066457/06) JSE share code: TWR ISIN: ZAE000179040 (Approved as a REIT by the JSE) ( or the company )
More informationTHIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 11 of this Circular have, where appropriate, been used on this cover page. Action
More informationACQUISITION OF ARA AGREEMENT FORMALISED AND SIGNED
Alaris Holdings Limited (formerly Poynting Holdings Limited) Incorporated in the Republic of South Africa (Registration number 1997/011142/06) code: ALH ISIN: ZAE000201554 ( Alaris or the Company ) ACQUISITION
More informationA) PROPOSED DIVESTMENT OF SHAREHOLDINGS IN SUNWEST AND WORCESTER
GRAND PARADE INVESTMENTS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1997/003548/06) Share code: GPL ISIN: ZAE000119814 ( GPI or the Company ) DETAILED TERMS ANNOUNCEMENT
More informationTEXTON PROPERTY FUND LIMITED Incorporated in the Republic of South Africa (Registration number 2005/019302/06)
TEXTON PROPERTY FUND LIMITED Incorporated in the Republic of South Africa (Registration number 2005/019302/06) Share code: TEX ISIN: ZAE000190542 Approved as a REIT by the JSE ( Texton or the Company )
More informationALEXANDER FORBES 24 JULY 2014
ALEXANDER FORBES 24 JULY 2014 PRESS RELEASE: ALEXANDER FORBES COMMENCES TRADING ON THE JSE NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA,
More informationACQUISITION OF VARIOUS PORTFOLIOS OF RESIDENTIAL PROPERTIES, AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
INDLUPLACE PROPERTIES LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/226082/06) JSE share code: ILU ISIN: ZAE000201125 (Approved as a REIT by the JSE) ( Indluplace or
More informationSubject: POSITIONING THE SOUTH AFRICAN OPERATIONS FOR GROWTH THROUGH ENHANCED ECONOMIC EMPOWERMENT
3 December 2018 Subject: POSITIONING THE SOUTH AFRICAN OPERATIONS FOR GROWTH THROUGH ENHANCED ECONOMIC EMPOWERMENT Dear Shareholders Since the announcement on 31 October 2018 of a series of transactions
More informationNOTICE OF GENERAL MEETING
Harmony Gold Mining Company Limited (Incorporated in South Africa) (Registration number: 1950/038232/06) ISIN: ZAE000015228 JSE share code: HAR ( Harmony or the Company ) NOTICE OF GENERAL MEETING NOTICE
More informationThis document is divided into three main sections.
This document is divided into three main sections. Section I The first section contains general and introductory information providing the salient features of the scheme and the conditional approvals sought
More informationDECLARATION ANNOUNCEMENT IN RESPECT OF THE SYGNIA RIGHTS OFFER
SYGNIA LIMITED (Incorporated in the Republic of South Africa) (Registration number 2007/025416/06) Share code on the JSE: SYG ISIN: ZAE000208815 ("Sygnia") DECLARATION ANNOUNCEMENT IN RESPECT OF THE SYGNIA
More informationINTENTION TO FLOAT ANNOUNCEMENT 24 AUGUST 2017 PRESS RELEASE
INTENTION TO FLOAT ANNOUNCEMENT 24 AUGUST 2017 PRESS RELEASE NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD
More informationACTION REQUIRED BY ARCELORMITTAL SHAREHOLDERS
T2CP08818 RMB/ARCELORMITTAL Circular Page 1 Proof 4 ACTION REQUIRED BY ARCELORMITTAL SHAREHOLDERS The definitions on pages 6 to 9 of this document apply mutatis mutandis to this section. If you are in
More informationCIRCULAR TO DAWN SHAREHOLDERS
THIS COMBINED CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 8 of this Circular have, where appropriate, been used on this cover page.
More information( Massmart or the Company ) Registration number 2010/016839/07 ( Walmart )
Massmart Holdings Limited Wal Mart Stores, Inc (Incorporated in the Republic of South Africa) Incorporated in the State of Delaware, United States of America Registration number 1940/014066/06 Traded on
More informationACTION REQUIRED All Shareholders Detailed action required by Shareholders is set out on page 4 of this Circular.
This Circular IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions commencing on page 5 of this Circular have been used in this front cover. ACTION REQUIRED All Shareholders Detailed action
More informationCircular to Shareholders regarding:
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 10 of this Circular apply throughout this Circular, including these cover pages (unless
More informationDirectors and Company Secretary s dealings in Sanlam securities
Sanlam Limited (Incorporated in the Republic of South Africa) Registration number 1959/001562/06 JSE share code: SLM NSX share code: SLA ISIN: ZAE000070660 ( Sanlam ) Directors and Company Secretary s
More informationDetails of the results of the voting are as follows:
The Bidvest Group Limited (Incorporated in Republic South Africa) (Registration number 1946/021180/06) Share code: BVT ISIN: ZAE000117321 ( Bidvest or Company or Group ) ANNOUNCEMENT RELATING TO: THE RESULTS
More informationAveng Limited. Investment Bank and Transaction Sponsor Corporate Law and Tax Advisors Sponsor
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The final JSE approval is conditional upon the sign-off from all the members of the Board. A SENS announcement will be released to update
More informationThe Rights Offer Units will rank pari passu in every respect with the existing issued units in terms of both voting and distribution rights.
INVESTEC AUSTRALIA PROPERTY FUND Incorporated and registered in Australia in terms of ASIC (ARSN 162 067 736) Registered as a foreign collective investment scheme in terms of the Collective Investment
More informationCONTENTS. Page. Inside front cover CORPORATE INFORMATION AND ADVISORS ACTION REQUIRED BY SHAREHOLDERS 3 IMPORTANT DATES AND TIMES 6
CONTENTS Page CORPORATE INFORMATION AND ADVISORS Inside front cover ACTION REQUIRED BY SHAREHOLDERS 3 IMPORTANT DATES AND TIMES 6 DEFINITIONS AND INTERPRETATIONS 8 CIRCULAR TO SHAREHOLDERS 1. INTRODUCTION
More informationCIRCULAR TO ROCKCASTLE SHAREHOLDERS
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 5 of this circular have been used in this front cover section. If you are in any
More informationTEAL Exploration & Mining Incorporated Consolidated Financial Statements for the year ended June 30, 2006 (in thousands of United States Dollars)
Consolidated Financial Statements for the year ended June 30, (in thousands of United States Dollars) AUDITORS REPORT To the Shareholders of We have audited the consolidated balance sheet of TEAL Exploration
More informationTHIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. INVESTMENT CORPORATION LIMITED
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. The definitions and interpretations commencing on page 6 of this Circular apply throughout this Circular, including the front cover. Action
More informationThe Group s portfolio of LFG processing and power generation assets has the following attractive characteristics:
MONTAUK HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration number: 2010/017811/06 Share code: MNK ISIN: ZAE000197455 Date of incorporation: 31 August 2010 (Previously HCI International
More informationZAR5,000,000,000 Domestic Medium Term Note Programme
KAP INDUSTRIAL HOLDINGS LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 1978/000181/06) jointly and severally, unconditionally and irrevocably guaranteed
More informationPPC LTD (Incorporated in the Republic of South Africa with limited liability under registration number 1892/000667/06)
PPC LTD (Incorporated in the Republic of South Africa with limited liability under registration number 1892/000667/06) ZAR6,000,000,000 Domestic Medium Term Note Programme Under this ZAR6,000,000,000 Domestic
More informationPBT Group Limited (Previously Prescient Limited) Registration number: 1936/008278/06 JSE share code:
PBT Group Limited (Previously Prescient Limited) Registration number: 1936/008278/06 JSE share code: PBG ISIN: ZAE000227781 Condensed consolidated provisional financial results for the year ended 31 March
More informationGROUP FIVE LIMITED (Incorporated in the Republic of South Africa with limited liability under Registration Number 1969/000032/06)
GROUP FIVE LIMITED (Incorporated in the Republic of South Africa with limited liability under Registration Number 1969/000032/06) unconditionally and irrevocably guaranteed by GROUP FIVE CONSTRUCTION LIMITED
More informationLISTING OF GAIA ON THE MAIN BOARD OF THE JSE LIMITED ( JSE ) AND ABRIDGED PRE-LISTING STATEMENT
Gaia Infrastructure Capital Limited (previously Gaia Capital Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number 2015/115237/06) Share Code: GAI ISIN ZAE000210555)
More informationZAR2,000,000,000 Note Programme
TRANSCAPITAL INVESTMENTS LIMITED (Incorporated in the Republic of South Africa with limited liability under registration number 2016/130129/06) unconditionally and irrevocably guaranteed by TRANSACTION
More information1. INTRODUCTION. In furtherance of this strategy, the Board is pleased to advise that:
ECSPONENT LIMITED Incorporated in the Republic of South Africa Registration number: 1998/013215/06 JSE Code: ECS - ISIN: ZAE000179594 Debt Issuer Code: ECSP ( Ecsponent or the Company ) TERMS ANNOUNCEMENT
More informationPURPLE GROUP LIMITED
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 5 apply to this cover page. If you are in any doubt as to the action you should take,
More informationCircular to Keaton Energy shareholders
This circular is important and requires your immediate attention. The definitions commencing on page 4 of the circular apply mutatis mutandis to this cover. Action required If you are in any doubt as to
More informationLiberty Holdings Limited
Liberty Holdings Limited AUDITED PRELIMINARY RESULTS FOR THE YEAR ENDED 31 December 2006 Commentary on results Liberty Holdings Limited (Liberty Holdings) is the holding company of Liberty Group Limited.
More informationHarmse currently holds 6.3% of the issued ordinary shares in Paratus and currently serves as Chief Executive Officer and Director of Paratus.
Nimbus Infrastructure Limited (Incorporated in the Republic of Namibia) (Registration number 2017/0558) NSX share code: NUSP ISIN: NA000A2DTQ42 ( Nimbus or the company ) TERMS ANNOUNCEMENT IN RESPECT OF
More informationZAR4,400,000,000 Asset Backed Note Programme
BAYPORT SECURITISATION (PROPRIETARY) LIMITED (Incorporated with limited liability in the Republic of South Africa under Registration Number 2008/003557/07) ZAR4,400,000,000 Asset Backed Note Programme
More informationSteinhoff Africa Retail Limited. (Previously K (South Africa) Proprietary Limited) (Incorporated in the Republic of South Africa)
Steinhoff Africa Retail Limited (Previously K2017221869 (South Africa) Proprietary Limited) (Incorporated in the Republic of South Africa) (Registration number: 2017/221869/06) Share Code: SRR ISIN: ZAE000247995
More informationGROWTHPOINT PROPERTIES LIMITED (Incorporated with limited liability in the Republic of South Africa under registration number 1987/004988/06)
Approved by the JSE Limited 26 January 2012 GROWTHPOINT PROPERTIES LIMITED (Incorporated with limited liability in the Republic of South Africa under registration number 1987/004988/06) irrevocably and
More informationIMPALA PLATINUM HOLDINGS LIMITED
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. The definitions and interpretations commencing on page 4 of this Circular apply to this Circular including this cover page. If you are
More informationCircular to Hulamin Shareholders
The definitions and interpretation commencing on page 7 of this Circular apply to this Circular including this cover page. Hulamin Limited (Incorporated in the Republic of South Africa) (Registration number
More informationKAP INDUSTRIAL HOLDINGS LIMITED
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions commencing on page 6 of this Circular apply mutatis mutandis to this front cover and all sections of this Circular. ACTION
More informationGLENCORE ANNOUNCES EXPRESSION OF INTEREST FOR OPTIMUM COAL HOLDINGS LIMITED
BAAR, SWITZERLAND 1 SEPTEMBER, 2011 GLENCORE ANNOUNCES EXPRESSION OF INTEREST FOR OPTIMUM COAL HOLDINGS LIMITED Glencore International plc ("Glencore") today announces its expression of interest in acquiring
More informationGROUP FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH
GROUP FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31 2017 Limited (Incorporated in the Republic of South Africa) (Registration number 1995/013858/06 JSE share code: MIX NYSE code: MXIT ISIN:
More informationCIRCULAR TO AFROCENTRIC SHAREHOLDERS
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. The definitions and interpretations commencing on page 4 of this Circular apply mutatis mutandis throughout this Circular, including this
More informationCIRCULAR TO DISTELL SHAREHOLDERS
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION The definitions and interpretations commencing on page 8 of this Circular apply to this entire document, including the cover page, except
More informationABRIDGED PRE-LISTING STATEMENT
African Rainbow Capital Investments Limited (Incorporated in the Republic of ) (Company number: C148430) JSE share code: AIL ISIN: MU0553S00000 ( ARC Investments ) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
More informationDECLARATION DATA ANNOUNCEMENT AND TERMS OF THE BASIL READ PARTIALLY UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER
BASIL READ HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number 1984/007758/06) (Basil Read or the Company) ISIN: ZAE000029781 Share code: BSR NOT FOR DISTRIBUTION TO ANY
More information