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Phoenix - results of offer
Shareholders are referred to previous SENS announcements, the last of which was published on 8 June 2020, relating to the offer by Legae Peresec (Pty) Ltd. (“Legae Peresec” or the “offeror”) to acquire some or all of the ordinary shares in the Company (“Phoenix shares”) not already owned by Legae Peresec for an offer consideration of 40 cents per Phoenix ordinary share held (the “offer”) and the delisting of Phoenix from the Main Board of the JSE.
Shareholders are advised that the offer closed at 12:00 on Friday, 26 June 2020 and was accepted in respect of 314 166 134 Phoenix shares, representing 22.3% of Phoenix shares in issue (excluding treasury shares). Accordingly, Legae Peresec now holds 700 000 000 Phoenix shares, representing 49.8% of African Phoenix shares in issue (excluding treasury shares).
The Phoenix shares will be delisted from the Main Board of the JSE with effect from the commencement of trade on Tuesday, 30 June 2020.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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