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ARCInvest - results of offer and re-domiciliation
Results of the offer
Shareholders were hereby advised that the Offer closed at 12:00 on Friday, 23 May 2025. The Offer was accepted in respect of 95 776 797 Shares, representing 6.31% of the total number of Shares in issue and representing 18.64% of the total number of shares eligible to accept the offer.
Accordingly, the Offerors now hold 836 903 620 Shares directly, representing 55.13% of the total number of Shares.
The Shares will be delisted from the exchanges operated by the JSE and A2X with effect from the commencement of trade on Thursday, 29 May 2025.
Update regarding the re-domiciliation
ARCI has commenced with the Re-domiciliation process which remains subject to regulatory approvals required under the South African Companies Act and the Mauritian Companies Act without conditions or subject to such conditions as are approved by the Offerors. Shareholders will be informed when the Re-domiciliation occurs.
Update to shareholders remaining in ARCI post delisting
Shareholders were referred to paragraph 2 of the "Action Required by Shareholders" section set out on page 8 of the Circular and were advised that ARCI intends to hand over the administration of the Shares in dematerialised form to a third party, Strate (Pty) Ltd. ("Strate") post the Delisting. The issuance of materialised Share certificates will be at the election of the Shareholder.
Share trading post the Delisting by Shareholders with dematerialised shares, who have not accepted the Offer, will continue to be facilitated by Strate through the existing broker/CSDP network. Shareholders, entering into private sales of their ARCI shares should contact their Brokers to action trades.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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