ASR - Assore - Unconditionality of Phase II of Assore`s Third Empowerment
ASR
ASR
ASR - Assore - Unconditionality of Phase II of Assore`s Third Empowerment
Transaction
Assore Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/037394/06
Share code: ASR ISIN: ZAE000146932
("Assore")
UNCONDITIONALITY OF PHASE II OF ASSORE`S THIRD EMPOWERMENT TRANSACTION
Shareholders of Assore ("Shareholders") are referred to the circular dated
Wednesday, 14 December 2011 ("the Circular") relating to Phase II of Assore`s
Third Empowerment Transaction. The terms used in this announcement are those as
defined in the Circular.
Shareholders are advised that, following the approval of all the special and
ordinary resolutions relating to the implementation of Phase II of the Third
Empowerment Transaction at the general meeting of Shareholders held on Thursday,
19 January 2012, all remaining conditions precedent in respect of the Third
Empowerment Transaction, as set out in the Circular, have now been met.
Accordingly, Assore has issued the Assore Preference Shares as contemplated in
the Circular, and the loan provided under the Facility Agreement has been
repaid.
Johannesburg
24 February 2012
Investment bank and sponsor to Assore
The Standard Bank of South Africa Limited
Attorneys to Assore
Webber Wentzel Attorneys
Date: 24/02/2012 14:00:04 Produced by the JSE SENS Department.
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