| Fri 11 Dec 2009, 13:07 | | ASR - Assore - Posting Of Circular And Receipt Of Irrevocable Undertakings |
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ASR
ASR
ASR - Assore - Posting Of Circular And Receipt Of Irrevocable Undertakings
Assore Limited
(Incorporated in the Republic of South Africa)
Registration number: 1950/037394/06
Share code: ASR
ISIN: ZAE000017117
("Assore")
POSTING OF CIRCULAR AND RECEIPT OF IRREVOCABLE UNDERTAKINGS
Shareholders are referred to the announcement released on SENS on Wednesday, 2
December 2009, in which Assore advised that it had concluded agreements in terms
of which Assore will increase its black economic empowerment ownership to 26.07%
("Second Empowerment Transaction").
Assore wishes to advise that the circular relating to the Second Empowerment
Transaction has been posted to all Assore shareholders today, being Friday, 11
December 2009.
In addition, shareholders are hereby advised that Oresteel Investments
(Proprietary) Limited, holding 53.09% of Assore`s current issued ordinary share
capital, and Main Street 343 (Proprietary) Limited, holding 11.94% of Assore`s
current issued ordinary share capital, have irrevocably undertaken to vote in
favour of all of the special and ordinary resolutions relating to the Second
Empowerment Transaction, which are to be proposed to Assore shareholders at the
general meeting to be held on Tuesday, 19 January 2010 (notice of which is
included in the circular).
Illovo Boulevard
Johannesburg
11 December 2009
Investment bank and sponsor to Assore
Standard Bank
Attorneys to Assore
Webber Wentzel Attorneys
Independent transaction sponsor
KPMG Services (Proprietary) Limited
Reporting accountant and auditors to Assore
Ernst & Young Inc
Independent expert to Assore
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Transactional communication adviser to Assore
College Hill
Date: 11/12/2009 13:07:06 Produced by the JSE SENS Department.
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