| Tue 11 Oct 2011, 16:16 | | AET - Alert Steel Holdings Limited - Waiver of mandatory offer |
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AET
AET
AET - Alert Steel Holdings Limited - Waiver of mandatory offer
ALERT STEEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa)
Registration number 2003/005144/06)
JSE code: AET ISIN: ZAE000092847
WAIVER OF MANDATORY OFFER
Shareholders are referred to the previous announcements released on
SENS, the last of which was dated 27 September 2011, regarding the
approval by shareholders of, inter alia, the waiver of any requirement
that Capital Africa Steel (Pty) Limited, as defined in the circular
dated 19 September 2011 ("the circular"), extend a mandatory offer to
shareholders in terms of the provisions of the Takeover Regulations as
contained in the Companies Regulations 2011 ("the Takeover Regulations")
and read together with the Companies Act 2008, as a result of the
implementation of a rights offer or the underwriting thereof (as
detailed in the circular).
Shareholders are advised that the Takeover Regulations Panel (the "TRP")
has granted a ruling to waive the requirement for a mandatory offer as
provided for in terms of Regulation 86(4). The reasons for granting the
ruling are available from the TRP on request.
Any interested party who wishes to lodge an appeal against the Ruling
shall have 3 (three) business days from the date of this announcement
(i.e. until 17h00 on Friday, 14 October 2011) to do so. Such an appeal
must be made in writing and addressed to the "Executive Director,
Takeover Regulation Panel" at either of the following addresses:
Physical: Sunnyside Office Park, First Floor, Building B, 32 Princess of
Wales Terrace (off St. Andrews Road), Parktown, Johannesburg, 2193; or
Postal: PO Box 91833, Auckland Park, Parktown, 2006; or Facsimile: +27
11 642 9284.
Pretoria
11 October 2011
Designated advisor
QuestCo Sponsors (Pty) Limited
Date: 11/10/2011 16:16:01 Produced by the JSE SENS Department.
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