1 for 1 in Aureus.4 Jan 2011 12:15
New company... Taken from my post on the 29th Novmeber 2010.
A detailed time-table for the split is yet to be drawn up. However African Aura said it expects to hold a special investor meeting to approve the proposed demerger in the first quarter of next year
“The arrangement, if completed as envisaged, is a mechanism designed to allow shareholders to benefit from the value of owning a share in each of two dedicated pure play entities,” da Silva said.
“Shareholders will be entitled to receive one new share in African Aura and one share in Aureus for each share they hold in African Aura. We look forward to keeping shareholders updated on the progress of the arrangement."
Little top-up time... me thinks."