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Howden - acquisition of securities
Shareholders are referred to the finalisation announcement regarding the conditional general offer by Howden Group South Africa Ltd. ("HGSAL") to acquire all or a portion of the issued ordinary shares in HAHL, other than the shares held by HGSAL and James Howden & Godfrey Overseas Ltd. ("JH&G") ("General Offer"), released on the Stock Exchange News Service operated by the JSE Ltd. ("JSE") on Wednesday, 2 January 2019 and published in the press on Thursday, 3 January 2019.
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 ("the Companies Act") and section 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form that HGSAL has acquired an interest in the securities of the Company pursuant to the General Offer, such that the total interest in the securities of the Company held by HGSAL has increased to 72.2% of the total issued share capital of the Company. Collectively, HGSAL and JH&G hold 79.7% of the total issued share capital of the Company.
As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notices with the Takeover Regulation Panel.
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