|
AEG
AEG
AEG - Aveng Limited - Updated salient dates in respect of the pro rata
repurchase of shares by Aveng
AVENG LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1944/018119/06)
ISIN: ZAE000018081
SHARE CODE: AEG
("Aveng" or "the Company")
UPDATED SALIENT DATES IN RESPECT OF THE PRO RATA REPURCHASE OF SHARES BY AVENG
INTRODUCTION
Further to the announcement published on SENS on Monday 5 November 2007 which
set out Aveng`s intention to propose a scheme of arrangement in terms of section
311 of the Companies Act, 1973 (Act 61 of 1973) ("the Companies Act") ("the
scheme") to repurchase 14% of its issued share capital ("the proposed
repurchase"), shareholders of Aveng are hereby notified of the updated salient
dates and times as set out in that announcement.
The proposed repurchase will be undertaken by way of the scheme whereby Aveng
will acquire 14 shares for every 100 shares held by shareholders for R61.58 per
share, being the volume weighted average price per share on the JSE Limited
("JSE") on Friday 2 November 2007. (Source: I-Net Bridge)
Subject to the High Court ordering the convening of the requisite scheme meeting
of shareholders to consider the scheme in terms of the Companies Act, a circular
containing details of the scheme will be dispatched to shareholders on or about
20 December 2007 ("circular").
REVISED SALIENT DATES AND TIMES
Circular posted on or about Thursday 20
December 2007
Last day to trade in order to vote at the Tuesday 15 January
scheme meeting on 2008
Record date for the scheme meeting on Tuesday 22 January
2008
Last day to lodge forms of proxy for the Tuesday 22 January
general meeting by 10:00 on 2008
Last day to lodge forms of proxy for the Wednesday 23
scheme meeting by 10:30 on* January 2008
General meeting to be held at 10:00 on Thursday 24 January
2008
Scheme meeting to be held at 10:30 or so Thursday 24 January
soon after the general meeting has been 2008
postponed or adjourned on
Results of the general and scheme meeting Thursday 24 January
released on SENS on 2008
Results of the general and scheme meeting Friday 25 January
published in the South African press on 2008
Lodge documents with the Court for Thursday 31 January
sanctioning the scheme on 2008
Court hearing to sanction the scheme on Tuesday 5 February
2008
Results of Court hearing released on SENS Tuesday 5 February
on 2008
Results of Court hearing published in the Wednesday 6
South African press on February 2008
Registration of Court Order by CIPRO on or Wednesday 6
about February 2008
Finalisation date (all conditions precedent Friday 8 February
expected to be met) 2008
Last day to trade in order to participate Friday 15 February
in the scheme and to be registered on the 2008
record date on
Shares will trade ex the scheme under the Monday 18 February
new ISIN, ZAE000111829 on 2008
Record date to participate in the scheme on Friday 22 February
2008
Operative date of the scheme at the Monday 25 February
commencement of trading on 2008
Scheme consideration posted or cash Monday 25 February
electronically transferred to certificated 2008
shareholders from
Dematerialised shareholders will have their Monday 25 February
accounts at their CSDP or broker updated 2008
and credited with the scheme consideration
on
* Forms of proxy may also be handed to the chairperson of the scheme meeting up
to 10 minutes before commencement of the scheme meeting on Thursday 24 January
2008.
Notes:
1. All times shown in this announcement are South African local times.
2. The above dates and times are subject to change. Any material change will
be released on SENS and published in the South African press.
3. Aveng shares may not be dematerialised or rematerialised between the period
commencing on the day after the last day to trade in order to participate
in the scheme and the close of business on the record date of the scheme,
both days inclusive.
Sandton
6 December 2007
Merchant bank and transaction sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Independent sponsor
JP Morgan Equities
Corporate law advisers to Aveng
Taback and Associates
Date: 06/12/2007 12:00:01 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 ] | |||||||||||||
|
|||||||||||||
