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ASPI - fractional entitlements
Shareholders were referred to Renergen and ASPI's joint finalisation announcement, dated 18 December 2025, containing the timetable for implementation of the Scheme. Implementation of the Scheme will result in ASPI acquiring all of the Scheme Shares from the Scheme Participants for the Scheme Consideration of 0.09196 Consideration Shares for every 1 Scheme Share held by a Scheme Participant on the Scheme Consideration Record Date (with no entitlement to cash, save for fractional entitlements which will be settled in cash).
Fractional Entitlements
Where a Scheme Participant's entitlement to the Scheme Consideration, gives rise to a fraction of a Consideration Share, such fraction will be rounded down to the nearest whole number, resulting in allocations of whole Consideration Shares and a cash payment for the fraction ("Fractional Entitlement") to the Scheme Participant.
The weighted average traded price for ASPI Common Stock on the JSE on Wednesday, 31 December 2025 ("VWAP"), being the Scheme JSE LDT plus 2 trading days ("LDT+2"), less 10% has been used to calculate the cash value of the respective fractions of Consideration Shares to be paid to the applicable Renergen Shareholders.
Scheme Participants were advised that the VWAP on LDT+2 amounted to R95.14792, with the result that the amount to be used to determine the cash payment for the Fractional Entitlement (being the aforementioned VWAP less 10%) will be R85.63313.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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