Aspen Pharmacare Holdings Ltd - Scheme Of Arrangement
Aspen Pharmacare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1985/002935/06)
Share code APN ISIN: ZAE000023586
(`Aspen`)
SCHEME OF ARRANGEMENT
Further to the announcement dated 7 June 2005, shareholders are advised that the
Order of Court sanctioning the scheme of arrangement (`the scheme`) in terms of
section 311 of the Companies Act, 1973 (Act 61 of 1973), as amended, proposed by
Aspen between itself, Pharmacare Limited (`Pharmacare`) and the shareholders of
Aspen (other than Pharmacare, Ceppwawu Pharmaceuticals Investments (Pty)
Limited, Ceppwawu Pharmaceuticals Investments 2 (Pty) Limited, Imithi
Investments (Pty) Limited and the Industrial Development Corporation of South
Africa Limited), was registered by the Registrar of Companies. All conditions
precedent have thus been fulfilled.
The remaining salient dates and times pertaining to the scheme are set out
below:
Last day to trade Aspen ordinary shares on Friday, 17 June 2005
the JSE in order to be recorded in the
register of Aspen shareholders to be
eligible to participate in the scheme
The latest date for Aspen shareholders to Friday, 24 June 2005
be recorded in the register of Aspen
shareholders to be eligible to receive the
scheme consideration (`consideration
record date`):
Operative date of the scheme, from the Monday, 27 June 2005
commencement of business when:
the scheme consideration and new Aspen
ordinary share certificates are posted to
certificated scheme participants (if
documents of title are received on or
prior to the consideration record date)
or, failing receipt of documents of title
on or before the consideration record
date, within five business days of receipt
thereof by Aspen`s transfer secretaries;
and dematerialised scheme participants have
their accounts held at their CSDP or
broker credited with the scheme
consideration and debited with the scheme
shares.
Aspen ordinary shareholders may not dematerialise or rematerialise their
existing Aspen ordinary shares after Friday, 17 June 2005. Dematerialisation
and rematerialisation will recommence after Monday, 27 June 2005.
Sandton
15 June 2005
Investment bank to Aspen
Investec Bank Limited
Sponsor to Aspen
Investec Bank Limited
Transaction advisor to Imithi
Andisa Capital
Legal advisor to Aspen
Werksmans Inc.
Funder to Imithi
IDC
Legal advisor to Imithi
Bowman Gilfillan Attorneys
Independent professional expert
EY Corporate Finance (Pty) Limited
Reporting accountants and auditors
PricewaterhouseCoopers Inc.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
