ASTORIA INVESTMENTS LTD | RECM AND CALIBRE LIMITED |
(Incorporated in the Republic of Mauritius) | (Incorporated in the Republic of South Africa) |
Registration number 1297585 C1/GBL | Registration number 2009/012403/06 |
SEM share code: ATIL.N0000 | Preference Share Code: RACP |
JSE share code: ARA | ISIN: ZAE000145041 |
NSX share code: ARO | ("RAC") |
ISIN: MU0499N00007 | |
("Astoria" or "the Offeree") |
DISTRIBUTION OF OFFER DOCUMENT TO ASTORIA SHAREHOLDERS
Astoria shareholders are referred to the announcement dated 5 November 2019 in which they were advised that RAC, acting through its wholly-owned subsidiary, Livingstone Investments Proprietary Limited, will make a mandatory offer ("Mandatory Offer") to shareholders of Astoria to acquire the remaining shares not already owned by it, in terms of Rule 33(1)(c) of the Mauritian Securities (Takeover) Rules 2010.
Astoria shareholders are advised that a copy of the document setting out details pertaining to the Mandatory Offer ("Offer Document") has been distributed to Astoria shareholders today, 22 November 2019, to shareholders registered as such on Friday, 15 November 2019.
The Offer Document is available on RAC's website: http://racltd.co.za/prospectus-and-circulars/
The salient dates and times relating to the Mandatory Offer are set out below:
2019 | |
Record date to determine which Astoria shareholders will receive the | Friday, 15 November |
distributed Offer Document | |
Offer Document distributed to Astoria shareholders and distribution | Friday, 22 November |
thereof announced on SENS, SEM and NSX | |
Mandatory Offer opens at 09h00 Mauritian time (07h00 SA time) | Monday, 25 November |
2020 | |
Last day to trade in Astoria shares in order to participate in the | Tuesday, 7 January |
Mandatory Offer | |
Astoria shares begin trading ex the Mandatory Offer | Wednesday, 8 January |
Record date for the Mandatory Offer | Friday, 10 January |
Mandatory Offer closes at 14h00 Mauritian time (12h00 SA time) time | Friday, 10 January |
on | |
Results of the Mandatory Offer released on SENS, NSX and SEM | Monday, 13 January |
Cash Settlement | Monday, 13 January |
Results of the Mandatory Offer released in the Mauritian and South | Tuesday, 14 January |
African press |
Notes:
- Share certificates may not be dematerialised or rematerialised between, Wednesday, 8 January 2020 to Friday, 10 January 2020, both days inclusive.
- The above dates and times are subject to amendment by RAC. Any such amendment will be released on SENS, SEM and the NSX, and published in the Mauritian and South African press, respectively.
22 November 2019
Mauritius
Sponsor and Corporate Advisor to RAC
Questco Corporate Advisory Proprietary Limited and
Questco Proprietary Limited
JSE designated advisor to Astoria
Java Capital
SEM authorised representative and sponsor to Astoria
GB Capital
NSX Sponsor to Astoria
Cirrus Securities
This communique has been issued pursuant to SEM Listing Rule 11.3. The Board of Directors of Astoria accepts full responsibility for the accuracy of the information contained in this communique.
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Disclaimer
Astoria Investments Ltd. published this content on 17 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 December 2019 08:45:03 UTC