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Pin to quick picksAeci 5 1/2% Prf Regulatory News (87FZ)

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Fulfilment of Conditions Precedent - Much Asphalt

3 Apr 2018 16:00

AECI Limited - Fulfilment of Conditions Precedent - Much Asphalt

AECI Limited - Fulfilment of Conditions Precedent - Much Asphalt

PR Newswire

London, April 3

AECI LIMITED

Incorporated in the Republic of South Africa

(Registration number: 1924/002590/06)

Share code: AFE

ISIN: ZAE000000220 (“the Company”)

FULFILMENT OF CONDITIONS PRECEDENT TO THE ACQUISITION OF MUCH ASPHALT PROPRIETARY LIMITED (“MUCH ASPHALT”) AND CLOSURE

Further to the Company’s announcement released on the Stock Exchange News Service of the JSE Limited on 30 October 2017 regarding the acquisition by AECI of shares in Much Asphalt (“the Transaction”), shareholders are advised that all conditions precedent to the Transaction have now been fulfilled, including the conclusion of a management agreement in terms of which management retained approximately 2% of the shares of Much Asphalt. Accordingly, AECI acquired approximately 98% of the entire issued share capital of Much Asphalt.

In terms of the agreement governing the Transaction, the closing of the Transaction took place on 3 April 2018 (“Closing Date”).

Following adjustments, R1 988 million was paid on the Closing Date, which is subject to further adjustments after finalisation of the effective date accounts.

Woodmead, Sandton

3 April 2018

Investment Bank, Corporate Advisor and Transaction Sponsor to AECI

The Standard Bank of South Africa Limited

Corporate Advisor to AECI

Deloitte Capital Proprietary Limited

Legal Advisors to AECI

Webber Wentzel

Date   Source Headline
6th Mar 202410:00 amPRNInterest Payment Notifications
28th Feb 20247:00 amPRNDeclaration of Final Ordinary Cash Dividend No. 180
28th Feb 20247:00 amPRNAudited Consolidated Financial Results and Final Cash Dividend Declaration for the year ended 31 December 2023
26th Feb 20242:55 pmPRNTrading Statement for the financial year ended 31 December 2023
18th Dec 20238:13 amPRNNotification of Sustainability Adjustment Event to Noteholders
1st Dec 202311:30 amPRNInterest Payment Notification
30th Nov 20232:00 pmPRNDirector/PDMR Shareholding
21st Nov 20239:11 amPRNPreference Dividend Declaration
16th Nov 20231:00 pmPRNDirector/PDMR Shareholding
8th Nov 202310:00 amPRNInterest & Capital Payments Notification
6th Nov 20237:00 amPRNVoluntary Update for the nine months ended 30 September 2023
31st Oct 20231:55 pmPRNDirectorate Change
2nd Oct 20234:00 pmPRNAppointment of CFO and Executive Director
22nd Sep 20232:00 pmPRNDisclosure of Significant holding of AECI shares
8th Sep 20239:00 amPRNListing of New Financial Instruments
6th Sep 202310:00 amPRNInterest and Capital Payments Notification
29th Aug 202312:00 pmPRNDirector/PDMR Shareholding
23rd Aug 202312:00 pmPRNDirector/PDMR Shareholding
1st Aug 20239:00 amPRNInterest Payment Notification
26th Jul 20237:00 amPRNUnaudited Consolidated Interim Financial Results and Cash Dividend Declaration for the half-year ended 30 June 2023
26th Jul 20237:00 amPRNDeclaration of Interim Ordinary Cash Dividend No.  179
11th Jul 202312:00 pmPRNAvailability of B-BBEE Compliance Report
29th Jun 202312:41 pmPRNVoluntary Pre-Close Period Update for the Five Months Ended 31 May 2023
28th Apr 20232:00 pmPRNNo Change Statement
1st Jun 20221:00 pmPRNBoard Committee Changes
31st May 20221:00 pmPRNResult of AGM
24th May 20229:00 amPRNPreference Dividend Declaration
6th Apr 20229:01 amPRNDealings in Securities re LTIP
5th Apr 20229:00 amPRNDealings in Securities re LTIP
30th Mar 20229:36 amPRNDealings in Securities re LTIP
17th Mar 20222:00 pmPRNHolding(s) in Company
15th Mar 20228:52 amPRNHolding(s) in Company
2nd Mar 20229:18 amPRNAvailability of Annual Results Presentation
2nd Mar 20227:00 amPRNSummarised Results for the year ended 31 Dec 2021
23rd Feb 20229:36 amPRNTrading Statement
18th Feb 202211:45 amPRNDirectorate Change
16th Feb 20221:00 pmPRNSpecific Repurchase Cancellation
8th Feb 202212:00 pmPRNInterest Payments Notification
1st Feb 202212:00 pmPRNSpecific Repurchase of Shares
25th Jan 202210:00 amPRNHolding(s) in Company
7th Dec 202110:00 amPRNInterest Payments Notification
6th Dec 20212:31 pmPRNDirector/PDMR Shareholding
23rd Nov 202110:00 amPRNPreference Dividend Declaration
16th Nov 20211:00 pmPRNHolding(s) in Company
15th Nov 20219:30 amPRNInterest Payments Notification
22nd Sep 202110:51 amPRNHolding(s) in Company
9th Sep 20212:30 pmPRNChange in the role of a Director
7th Sep 20219:05 amPRNInterest and Capital Payments Notification
3rd Sep 20218:39 amPRNHolding(s) in Company
11th Aug 20211:30 pmPRNHolding(s) in Company

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