A E C I LIMITED - Fulfilment Of Conditions Precedent To The Acquisition Of Schirm
AFE 201801170033A
Fulfilment Of Conditions Precedent To The Acquisition Of Schirm
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
(“the Company” or “the Group”)
FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION OF SCHIRM
Further to the Company’s announcement released on the Stock Exchange News Service of the
JSE Limited on 8 November 2017 regarding the acquisition (i) by AECI Mauritius Limited of
100% of the share capital in Schirm GmbH and shareholder loan claims; and (ii) by Schirm
GmbH of (A) the contract manufacturing service business of Imperial Chemical Logistics
GmbH; and (B) a property in Wolfenbüttel, Germany (together “Schirm”) (“the Transaction”),
shareholders are advised that all conditions precedent to the Transaction have now been
fulfilled.
Accordingly, the Transaction has become unconditional.
In terms of the agreement governing the Transaction, the closing of the Transaction shall take
place on 30 January 2018. From this date, the financial results of Schirm will be consolidated
under the Group’s Plant & Animal Health strategic pillar and presented on a consolidated basis.
Woodmead, Sandton
17 January 2018
Investment Bank, Corporate Advisor and Transaction Sponsor
The Standard Bank of South Africa Limited
Legal Advisors to AECI
Webber Wentzel and Linklaters LLP
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