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Wilderness - results of offer
Shareholders of Wilderness ("Shareholders") are referred to the circular ("Offer Circular") to shareholders in respect of (i) the offer ("Offer") by AWH to acquire all of the issued ordinary shares in Wilderness ("Shares") other than those shares held by AWH, Mr Keith Vincent (AWH's concert party) and The Rise Fund, invested through its affiliate being Wild Holdco Ltd., at a price of BWP 6.25 per share; and (ii) the delisting of the Company from the Main Board of the BSE and the Main Board of the JSE ("Delisting").
Shareholders are further referred to the finalisation announcement ("Finalisation Announcement") released by the Company and AWH on X-News and SENS on 23 May 2019 in terms of which shareholders were advised that, amongst other things, all of the conditions to implementation of the offer had been fulfilled and that the Offer would remain open until 12:00 on Friday, 14 June 2019.
Capitalised terms used and not separately defined in this announcement bear the same meaning as the capitalised and defined terms used in the offer Circular.
Results offer
Shareholders are advised that the Offer closed at 12:00 on Friday, 14 June 2019 and that the results of the offer are as follows:
-AWH received acceptances of the Offer in respect of 70,846,348 shares representing 29.7% of the total shares in issue and 81.2% of the total number of issued offer shares; and
-assuming valid settlement of all outstanding trades:
- the total interest in the securities of the Company held by AWH will increase to 131 137 348 shares, representing 55.1% of the total issued shares;
- the total interest in the securities of the Company held by public shareholders (as defined in the BSE Listings Requirements) will be approximately 16.5 million shares, representing approximately 6.9% of the total issued shares; and
Delisting of Wilderness shares
-As set out in the finalisation announcement, shareholders are advised that the listing of the shares on the main board of the BSE and JSE is expected to be terminated at commencement of trade on the BSE and the JSE on Wednesday, 3 July 2019.
-As soon as practicable following the delisting, the Company will issue new share certificates to evidence the shareholding of those shareholders who remain shareholders in the Company after the Delisting has been implemented.
Independent board responsibility statement
The independent board accepts responsibility for the information contained in this announcement which relates to Wilderness and confirms that, to the best of its knowledge and belief, such information which relates to Wilderness is true and this announcement does not omit anything likely to affect the importance of such information.
AWH responsibility statement
AWH accepts responsibility for the information contained in this announcement which relates to AWH and confirms that, to the best of its knowledge and belief, such information which relates to AWH is true and this announcement does not omit anything likely to affect the importance of such information.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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