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ARB - Masimong offer finalisation and time table
ARB Shareholders are referred to the various announcements released on SENS relating to the firm intention offer by the Offeror, to acquire the entire issued share capital of ARB, other than the Excluded Shares, by way of a scheme of arrangement, and the subsequent Delisting of the Company (“Masimong Offer”) for a Scheme Consideration of R8.00 per Scheme Share, the last of which was released on SENS on Tuesday, 26 April 2022.
Fulfilment of Scheme Conditions
ARB Shareholders are hereby advised that all Scheme Conditions, as set out in paragraph 4.3 of the Joint Circular have now been fulfilled, including the receipt of the compliance certificate in terms of section 119(4)(b) of the Companies Act from the Takeover Panel.
Accordingly, as the Scheme is now unconditional, the Transaction timetable has been accelerated, as set out below, such that ARB will be delisted from the Main Board of the JSE with effect from the commencement of trade on Tuesday, 7 June 2022.
Updated Dates and Times
2022
- Trading in ARB Shares on the JSE suspended from commencement of trade on Wednesday, 1 June
- Termination of listing of ARB Shares on the JSE at commencement of trade on Tuesday, 7 June
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