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Alviva - distribution of circular and GM notice
Alviva shareholders are referred to the firm intention announcement released on SENS dated 14 December 2022 wherein Shareholders were advised that a consortium of investors whose interests are represented by Fonzosys (Pty) Ltd. ("BidCo") and Alviva have entered into an implementation agreement on 8 December 2022, in terms of which BidCo expressed its firm intention, and made a binding offer on 13 December 2022 to acquire all the Alviva shares not already owned by BidCo (the "Scheme") and the subsequent delisting of Alviva on the JSE.
A circular containing full details of the scheme, will be distributed to shareholders on Friday, 23 December 2022. A general meeting will be held at 14:00 on Friday, 27 January 2023 at Alviva's registered offices.
Salient dates
- Scheme finalisation date announcement expected to be released on SENS - Monday, 20 February 2023
- Trading in Alviva shares on the JSE suspended from commencement of trade on or about - Wednesday, 1 March 2023
- Termination of listing of Alviva shares on the JSE at commencement of trade on or about - Tuesday, 7 March 2023
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Alviva Holdings Ltd. - Dealing In Securities By Th
A director has dealt in shares of the company.
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Alviva Holdings Ltd. - Grant and acceptance of for
A director has dealt in shares of the company.
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Alviva - firm intention announcement
A consortium of investors consisting of Tham Investments (Pty) Ltd ("Tham"), Mr. P Ramasamy, Day One Asset Management ("DOAM") and certain members of Alviva management (collectively referred to as "the Consortium") and Alviva have entered into an implementation agreement. BidCo expressed its firm intention to make a binding offer on the terms and conditions set out in this announcement ("Offer") to acquire all the Alviva shares not already owned by BidCo. The Offer will be implemented by way of a single composite transaction comprising: * A cash offer of up to R2.562 billion by Bidco to acquire all of the Alvivas shares that are not owned by bidCo for a purchase consideration of R28.00 per Alviva share.
Withdrawal of cautionary announcement
Shareholders are advised that as a result of the publication of this firm intention announcement, the Cautionary Announcement released on SENS dated 30 June 2022, the renewal of Cautionary Announcement released on SENS dated 12 August 2022, 23 September 2022 and 4 November 2022 are all accordingly withdrawn and Shareholders are no longer required to exercise caution when dealing in Alviva's securities.
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Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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