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Latest News: Amalgamated Electronic Corporation Ltd.AMECOR [AER]
(Suspended)

Mon, 31 Oct 2016	Official Announcement [CC]
Amecor - results of Shareholders' election Shareholders are referred to the Circular issued on 14 September 2016. Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement. Amalgamated Electronic Corporation Ltd. ("Amecor") Shareholders are advised that Scheme Participants holding a total of 67 432 638 Amecor Shares elected to receive the Cash Consideration and Scheme Participants holding a total of 2 997 763 Amecor Shares elected to receive the Share Consideration. In terms of the Scheme, Stellar Capital Partners Ltd. ("Stellar Capital") will issue a total number of 5 995 526 Stellar Capital shares to Amecor Shareholders in respect of the Share Consideration and will pay R256 244 024 to Amecor Shareholders in respect of the Cash Consideration. In addition, Stellar Capital will pay R1 000 111.69 interest to Scheme Participants in cash in respect of the Upward Cash Adjustment.
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