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Thu 31 Jul 2025
Close: 18 531c 
Day's move: -1 048c (-5.35%)
Volume: 576 299
Trades: 3 367
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ARM - CRW closure and disposals
Shareholders were advised that on or about 27 June 2025, Assmang, CRDC, Feralloys, Assore South Africa (Pty) Ltd. ("Assore"), Assore S.A. PropCo (Pty) Ltd. ("Assore SA PropCo"), ARM and Sakura entered into a number of binding legal agreements, relating to certain business interests of Assmang. Each of Assore and ARM holds 50% of the issued shares of Assmang. Decisively addressing these business interests of Assmang has been an important strategic imperative for ARM.
Closure of CRW
Following the completion of a structured and comprehensive consultation proces Assmang has resolved to permanently close the business and operations of CRW. All affected employees will be retrenched effective 31 August 2025.
Disposal of Assets of Assmang
The board of directors of Assmang ("Assmang Board") approved the sale by Assmang to Assore SA PropCo, a wholly-owned subsidiary of Assore, of certain land parcels, properties and houses on the terms and subject to the conditions contained in a sale agreement signed on 27 June 2025 between Assmang, Assore SA Propco, Assore, CRDC, Feralloys and ARM (the "Cato Ridge Transaction").
Disposal of Assmang's interest in Sakura
In addition to the transaction referred to above, Assmang, Assore SA, Sakura and ARM have entered into a sale agreement which provides (amongst other things) for the sale by Assmang to Assore of all of the shares in Sakura that are held by Assmang (being 54.36% of the issued shares of Sakura), subject to certain conditions precedent being fulfilled (such transaction referred to as the "Sakura Disposal").
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ARM - board committee change
David Collen Noko, the Lead Independent Non-Executive Director of ARM, has been appointed to the ARM Remuneration Committee with effect from and including 30 June 2025.
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ARM - repurchase and treasury shares delisting
ARM has repurchased and cancelled 3 239 681 ordinary shares. Opilac (Pty) Ltd. effected a distribution in specie of its entire shareholding in ARM. Application for the cancellation and delisting of the Treasury Shares will be submitted to the JSE on 20 June 2025.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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