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AH-Vest - Eastern Trading acquisition offer
Shareholders were advised that on 13 May 2025 the board of directors of the company received an expression of interest from Eastern Trading ('the offeror') to acquire 100% of the issued ordinary shares of the company not already held by the offeror or its associates.
It is intended that the proposed transaction will be implemented by way of a scheme of arrangement.
Termination of the listing of AH-Vest
Should the scheme be implemented as contemplated in this announcement, AH-Vest will become a wholly owned subsidiary of the offeror and the listing of the company on the JSE will be terminated.
Scheme circular
The scheme circular relating to the proposed transaction, incorporating the terms of the scheme, the report of the expert, the notice of the scheme meeting, a form of surrender and a form of proxy will, be distributed to AH- Vest shareholders during July 2025. The salient dates and times in relation to the scheme will be published on the date of posting the scheme circular and will also be contained in the scheme circular.
Withdrawal of cautionary announcement
The cautionary announcement released on 13 May 2025, is hereby withdrawn following the receipt of the offer and guarantee. Accordingly, caution is no longer required to be exercised by shareholders when dealing in their securities.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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