| Thu 30 Apr 2009, 15:54 | | APA/APB/AXC - ApexHi Properties Limited - The Proposed Acquisition by Apexhi Of |
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APA APB AXC
APA
APA/APB/AXC - ApexHi Properties Limited - The Proposed Acquisition by Apexhi Of
100% of the Linked Units in Ambit Properties Limited
ApexHi Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 1999/000238/06
Share codes: APA ISIN codes: ZAE000083598
APB ZAE000083606
AXC ZAE000083580
("ApexHi")
THE PROPOSED ACQUISITION BY APEXHI OF 100% OF THE LINKED UNITS IN AMBIT
PROPERTIES LIMITED ("AMBIT")
Unitholders are referred to the previous announcement in relation to the
proposed acquisition by ApexHi of all of the Ambit linked units that it does not
already own pursuant to a scheme of arrangement in terms of section 311 of the
Companies Act ("the acquisition").
The approval of ApexHi linked unitholders is required for the acquisition in
terms of Rule 19 of the Securities Regulation Code on Takeovers and Mergers and
because the unissued ApexHi units are not under the control of the directors.
Accordingly, a circular enclosing a notice of the general meeting of ApexHi
shareholders and debenture holders was dispatched on Wednesday, 29 April 2009.
SALIENT DATES
2009
Receipt of forms of proxy in respect of the general
meeting of ApexHi shareholders by 12h00 on Tuesday, 12 May
Receipt of forms of proxy in respect of the general
meeting of ApexHi debenture holders by 12h30 on Tuesday, 12 May
Anticipated date for receipt of approval from the
Competition Authorities Wednesday, 13 May
General meeting of shareholders at 12h00 on Thursday, 14 May
General meeting of debenture holders at 12h30 on Thursday, 14 May
Results of the general meetings published on SENS on Thursday, 14 May
Results of the general meetings published in the press
on Friday, 15 May
Anticipated date for implementation of the acquisition Monday, 1 June
Notes:
1. If the ApexHi shareholders meeting referred to above is not concluded or
adjourned by 12h30, the ApexHi debenture holders` meeting will commence
as soon as the ApexHi shareholders` meeting is concluded or adjourned.
2. The above dates and times are South African and are subject to change. Any
changes will be released on SENS and published in the press.
30 April 2009
Sponsor
Java Capital (Proprietary) Limited
Date: 30/04/2009 15:54:01 Produced by the JSE SENS Department.
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