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Astrapak - finalisation announcement
Astrapak shareholders are referred to the announcements released on SENS on 15 December 2016, 19 January 2017, 31 January 2017, 23 March 2017, 7 April 2017 and 12 May 2017, and to the circular to Astrapak Shareholders dated 7 April 2017 (“Circular”) (and using the terms defined therein unless otherwise stated) regarding, inter alia the Offer by RPC to acquire, either itself or through RPC Nominee, all of the Astrapak Ordinary Shares, excluding the 12 837 424 Treasury Shares and 1 258 594 Astrapak Ordinary Shares held by the ASOS Trust, being a total of 121 035 232 Astrapak Ordinary Shares, as well as the voluntary repurchase by Astrapak of all of the Preference Shares in issue from the holders thereof, both by way of schemes of arrangement in terms of section 114 of the Companies Act proposed by the Astrapak Board to the Astrapak Shareholders.
Astrapak shareholders are advised that, following receipt from the Takeover Regulation Panel (“Panel”) of the compliance certificate in terms of section 119(4)(b) of the Companies Act in respect of the Ordinary Share Scheme and the Preference Share Scheme on 30 May 2017, all outstanding conditions to the implementation of the Ordinary Share Scheme and the Preference Share Scheme have now been fulfilled. Astrapak Shareholders are reminded of the following important dates and times relating to the Schemes (“Timetable”) as set out below. Words and expressions in the Timetable and the notes thereto shall have the same meanings as assigned to them in the Schemes Circular.
Salient dates
- Expected Ordinary Share Scheme LDT, being the last day to trade Astrapak Ordinary Shares on the JSE in order to be recorded in the Register to receive the Ordinary Share Scheme Consideration, on Monday, 12 June
- Suspension of listing of Astrapak Ordinary Shares on the JSE expected to take place at the commencement of trade on Tuesday, 13 June
- Expected Ordinary Share Scheme Consideration Record Date, being the date on which Ordinary Share Scheme Participants must be recorded in the Register to receive the potential consideration, comprising the aggregate of the Ordinary Share Scheme Minimum Consideration and the relevant portion or all of the Agterskot Consideration1, by close of trade on Thursday, 15 June
- Expected date on which the Ordinary Share Scheme is implemented : Monday, 19 June
- Ordinary Share Scheme Minimum Consideration, together with the relevant portion or all of the Agterskot Consideration1 amount, expected to be paid/posted to Ordinary Share Scheme Participants who are Certificated Ordinary Shareholders (provided their Forms of Surrender (orange) and Documents of Title are received on or prior to 12:00 on the Ordinary Share Scheme Consideration Record Date) on or about Monday, 19 June
- Ordinary Share Scheme Participants who are Dematerialised Ordinary Shareholders expected to have their accounts (held at their CSDP or broker) credited with the Ordinary Share Scheme Minimum Consideration, together with the relevant portion or all of the Agterskot Consideration1 amount, on or about Monday, 19 June
- Termination of listing of Astrapak Ordinary Shares on the JSE expected to take place at the commencement of trade on or about Tuesday, 20 June
Preference share scheme
- Expected Preference Share Scheme LDT, being the last day to trade Preference Shares on the JSE in order to be recorded in the Register to receive the Preference Share Scheme Consideration, on Monday, 12 June
- Suspension of listing of Preference Shares on the JSE expected to take place at the commencement of trade on Tuesday, 13 June
- Expected Preference Share Scheme Consideration Record Date, being the date on which Preference Share Scheme Participants must be recorded in the Register to receive the Preference Share Scheme Consideration, by close of trade on Thursday, 15 June
- Expected date on which the Preference Share Scheme is implemented : Monday, 19 June
- Preference Scheme Consideration expected to be paid/posted to Preference Share Scheme Participants who are Certificated Preference Shareholders (provided their Forms of Surrender (blue) and Documents of Title are received on or prior to 12:00 on the Preference Share Scheme Consideration Record Date) on or about Monday, 19 June
- Preference Share Scheme Participants who are Dematerialised Preference Shareholders expected to have their accounts (held at their CSDP or broker) credited with the Preference Share Scheme Consideration on or about Monday, 19 June
- Termination of listing of Preference Shares on the JSE expected to take place at the commencement of trade on or about Tuesday, 20 June
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