|
|
Efficient - scheme condition fulfilled
Shareholders are referred to:
- the joint announcement by Efficient and Apis dated 12 March 2020 (“Firm Intention Announcement”) regarding the terms on which Apis has made an offer to acquire all of the Scheme Shares, which excludes the 110 333 872 Excluded Shares held by the Remain Shareholders, being a total of 6 609 259 Scheme Shares, by way of a scheme of arrangement in terms of section 114 of the Companies Act;
- the announcement by Efficient regarding the distribution of the Circular and the notice convening the Scheme Meeting, dated 2 April 2020;
- the announcement by Efficient dated 30 April 2020 regarding the impact of COVID-19 restrictions on the Scheme Meeting to be held on 7 May 2020;
- the announcement by Efficient dated 7 May regarding the results of the Scheme Meeting; and
- the Circular.
The Board announced that, following receipt from the Panel on 21 May 2020 of a compliance certificate in terms of section 121(b)(i) of the Companies Act in respect of the Scheme, the last remaining Scheme Condition to the implementation of the Scheme has now been fulfilled.
Salient dates and times
Shareholders are reminded of the following salient dates and times relating to the Scheme as set out in the Circular:
2020
Scheme LDT, being the last day to trade Shares on the JSE in order to be recorded in the Register to receive the Scheme Consideration, on Tuesday, 9 June
Suspension of listing of Shares on the JSE expected to take place at the commencement of trade on Wednesday, 10 June
Scheme Consideration Record Date, being the date on which Scheme Participants must be recorded in the Register to receive the Scheme Consideration, by close of trade on Friday, 12 June
Date on which the Scheme is implemented Monday, 15 June
Scheme Consideration expected to be paid/posted to Scheme Participants who are Certificated Shareholders (provided their Forms of Surrender and Transfer (blue) and Documents of Title are received on or prior to 12:00 on the Scheme Consideration Record Date) on or about Monday, 15 June
Scheme Participants who are Dematerialised Shareholders expected to have their accounts (held at their CSDP or broker) credited with the Scheme Consideration, on or about Monday, 15 June
Termination of listing of Shares on the JSE to take place at the commencement of trade on or about Wednesday, 17 June
The board of directors of the Company, individually and collectively accepts full responsibility for the accuracy of the information contained in this announcement. In addition, the board of directors of the Company certifies that to the best of its knowledge and belief, the information contained in this announcement solely pertaining to the Company is true and, where appropriate, does not omit anything that is likely to affect the importance of the information contained herein, and that all reasonable enquiries to ascertain such information have been made.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
