| Mon 10 Feb 2020, 17:02 | | AEP ENERGY AFRICA LIMITED - AEY : Quarterly Update |
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AEY : Quarterly Update:
AEP Energy Africa Limited
Incorporated in the Republic of South Africa
(Registration number: 2017/024904/06)
JSE share code: AEY ISIN: ZAE000241741
("AEP" or "the Company")
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QUARTERLY UPDATE
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Shareholders are referred to:
- the announcement dated 12 November 2019, released on SENS by the JSE, advising that the listing
of the Company's securities had been suspended with immediate effect ("Suspension"); and
- the announcement dated 2 December 2019, in which they were advised, inter alia, that:
the Board had determined the quantum of the Capital Distribution (being a distribution
to shareholders equal to the aggregate amount held in escrow, net of applicable taxes and
expenses related to the distribution and a proposal for the voluntary winding-up of the
Company) to be an amount of 95 cents per AEP share, which distribution was paid on
23 December 2019; and
a circular and notice to convene a general meeting of shareholders in order to consider
and either pass with or without modification, or decline, the resolutions necessary to
approve and implement a voluntary winding-up of the Company, will be sent to
shareholders in due course ("Circular").
In line with paragraph 1(10)(c) of the JSE Listings Requirements, the Company is obliged to give an
update to the market of the state of the affairs of the Company until the Suspension is lifted.
As previously advised, the Circular is in the process of receiving JSE approval, and will be distributed
to shareholders during the course of February.
Johannesburg
10 February 2020
Designated Advisor
Questco Corporate Advisory Proprietary Limited
Date: 10-02-2020 05:03:00
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