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Fri 23 Oct 2026
Close: 14 425c 
Day's move: 106c (0.74%)
Volume: 301 371
Trades: 3 188
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African Rainbow Minerals Ltd. - Acquisition of Sec
The company has issued a statement regarding an interest in shares.
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ARM - to defend Assore legal proceedings
ARM and Assore South Africa (Pty) Ltd. (“Assore”) are involved in a legal dispute which relates, inter alia, to ARM’s rights to appoint senior management of Assmang (Pty) Ltd. (“Assmang”) and to manage the Assmang operations in accordance with the shareholders’ agreement between the parties, as well as information and records that ARM as Assmang’s manager requires from Assore for Assmang to comply with its legal and regulatory obligations. ARM and Assmang, amongst others, have been cited as defendants in a summons (“Summons”) served by Assore (the “Proceedings”).
Based on legal advice received, ARM believes that Assore's claims and allegations have no substantive merit. ARM intends to defend the Proceedings and will be bringing its own proceedings against Assore relating, inter alia, to its rights to manage Assmang in accordance with the shareholders’ agreement and to obtain the information and records required to comply with Assmang’s legal and regulatory obligations. Shareholders will be advised of any material developments in respect of the Proceedings.
In terms of the ongoing operations of Assmang, representatives of ARM and Assore continue to engage with each other in connection with the business. There are ongoing discussions between ARM and Assore representatives to determine the timing and quantum of an appropriate final dividend to be declared and paid by Assmang to its shareholders in respect of the financial year ended 30 June 2026.
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African Rainbow Minerals Ltd. - Dealings in Securi
A director has dealt in shares of the company.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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