APN - Aspen Pharmacare Holdings - Further announcement regarding the acquisition
APN
APN
APN - Aspen Pharmacare Holdings - Further announcement regarding the acquisition
of The Pharmaceutical Business of Sigma Pharmaceticals Limited by Aspen
ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1985/002935/06)
Share code: APN ISIN: ZAE000066692
("Aspen")
FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION OF THE PHARMACEUTICAL BUSINESS OF
SIGMA PHARMACETICALS LIMITED ("SIGMA") BY ASPEN
Aspen shareholders are referred to the announcement released on the Securities
Exchange News Service of the JSE Limited on 16 August 2010 wherein Aspen
announced that the Aspen Group had agreed in principle to acquire the
pharmaceutical business conducted by Sigma on a debt-free basis for a cash
consideration of A$900 million (approximately ZAR 6 228 million at current
exchange rates) ("the Transaction").
Aspen has now reached formal agreement with Sigma on the terms and conditions of
the Transaction and the ongoing relationship between the two companies.
The Transaction is subject to a number of conditions precedent, including Sigma
Shareholder, Sigma Lender and Australian Regulatory approval. It is anticipated
that Sigma will hold an Extraordinary General Meeting for the purposes of
Sigma`s Shareholders considering the Transaction in mid-January 2011.
Subject to satisfaction of the conditions precedent, the Transaction is
scheduled to conclude on 31 January 2011.
Woodmead
23 November 2010
Investment Bank and Sponsor to Aspen
Investec Bank Limited
(Registration number 1969/004763/06) and
Investec Bank (Australia) Limited
Date: 23/11/2010 08:33:21 Produced by the JSE SENS Department.
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