Go Back Email this Link to a friend

Afe - Aeci Limited - Further Cautionary Announcements

Release Date: 06/09/2011 10:00:02      Code(s): AFE
AFE - AECI Limited - Further cautionary announcements                           
AECI LIMITED                                                                    
Incorporated in the Republic of South Africa                                    
(Registration No. 1924/002590/06)                                               
Share code: AFE ISIN No. ZAE000000220                                           
FURTHER CAUTIONARY ANNOUNCEMENTS                                                
1.   Introduction                                                               
    Shareholders of AECI ("Shareholders") are referred to the following         
    announcements released on the Securities Exchange News Service of the JSE   
    Limited on 26 July 2011:                                                    
-    the cautionary announcement relating to the proposed acquisition by AECI of
    the 25,1% equity interest in AECI`s explosives business, AEL Mining         
    Services, held by an empowerment consortium led by Kagiso Tiso Holdings     
    (Proprietary) Limited, in exchange for ordinary shares in AECI ("the KTH    
Transaction"); and                                                          
-    the detailed cautionary announcement relating to the proposed new Broad-   
    Based Black Economic Empowerment transaction to be undertaken by AECI       
    involving employees and a community trust ("the New B-BBEE Transaction").   
2.   The KTH Transaction                                                        
    Shareholders are advised that a further announcement will be made upon the  
    fulfillment of the conditions precedent relating to the KTH Transaction,    
    which is expected to take effect by the end of November 2011. Accordingly,  
Shareholders are advised to exercise caution when dealing in AECI shares    
    until a further announcement is made.                                       
3.   The New B-BBEE Transaction                                                 
    Shareholders are advised that AECI is in the process of finalising the full 
terms of the New B-BBEE Transaction, including its salient dates and pro    
    forma financial effects.  A further announcement setting out these full     
    terms will be made in due course.  Accordingly, Shareholders are advised to 
    exercise caution when dealing in AECI shares until a further announcement   
is made.                                                                    
6 September 2011                                                                
Investment bank and transaction sponsor to AECI                                 
Standard Bank                                                                   
Legal advisors to AECI                                                          
Webber Wentzel                                                                  
Corporate sponsor to AECI                                                       
RAND MERCHANT BANK (a division of FirstRand Bank Limited)                       
Date: 06/09/2011 10:00:02 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.