|
ACP ATS
ACP ATS
ACP/ATS - Acucap/Atlas - Update on the status of the conditions precedent
relating to the proposed Atlas Scheme of Arrangement
ACUCAP PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/021725/06)
Share code: ACP & ISIN: ZAE000037651
("Acucap")
ATLAS PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 1988/000742/06)
Share Code: ATS & ISIN Code: ZAE000008975
("Atlas")
UPDATE ON THE STATUS OF THE CONDITIONS PRECEDENT RELATING TO THE PROPOSED
ATLAS SCHEME OF ARRANGEMENT
Acucap and Atlas linked unitholders are advised that the acquisition by Acucap
of 100% of the linked units in Atlas not already owned by Acucap pursuant to a
scheme of arrangement in terms of section 311 of the Companies Act (Act No. 61
of 1973), as amended, proposed by Acucap between Atlas and its linked
unitholders, was sanctioned by the High Court of South Africa (Cape of Good
Hope Provincial Division) on Tuesday, 14 August 2007.
The scheme remains subject to the registration of a certified copy of the
Order of Court sanctioning the scheme by the Companies and Intellectual
Property Registration Office, Pretoria in terms of the Companies Act, 61 of
1973 (expected to occur by Friday, 17 August 2007).
A further announcement regarding the fulfilment of the outstanding condition
precedent and the final salient dates and times of the scheme will be made to
Acucap and Atlas linked unitholders in due course.
Cape Town
14 August 2007
Corporate advisor, legal advisor and sponsor to Acucap
Java Capital (Proprietary) Limited
Investment Bank to Atlas
Investec Corporate Finance
Corporate law advisor to Atlas
Edward Nathan Sonnenberg
Competition law advisor to Acucap
Vani Chetty Competition Law (Proprietary) Limited
Sponsor to Atlas
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 14/08/2007 12:43:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
