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AFE/AFEP - AECI Limited - Fulfillment of suspensive conditions relating to the

Release Date: 19/01/2012 15:00
Code(s): AFE AFEP
Wrap Text

AFE/AFEP - AECI Limited - Fulfillment of suspensive conditions relating to the acquisition by AECI of the KTH Consortium`s 25,1% interest in AECI`s explosives business in exchange for ordinary shares in AECI AECI LIMITED (Incorporated in the Republic of South Africa) (Registration number 1924/002590/06) JSE ordinary share code: AFE JSE preference share code: AFEP JSE ordinary share ISIN: ZAE000000220 JSE preference share ISIN: ZAE000000238 ("AECI") FULFILLMENT OF SUSPENSIVE CONDITIONS RELATING TO THE ACQUISITION BY AECI OF THE KTH CONSORTIUM`S 25,1% INTEREST IN AECI`S EXPLOSIVES BUSINESS IN EXCHANGE FOR ORDINARY SHARES IN AECI AECI shareholders ("Shareholders") are referred to the announcement released on the Securities Exchange News Service on Monday, 19 December 2011 and published in the press on Tuesday, 20 December 2011. Shareholders were advised that, subject to certain suspensive conditions, AECI had entered into an agreement with, inter alia, Kagiso Tiso Holdings Proprietary Limited (RF) ("KTH") and the Tiso AEL Development Trust ("the AEL Trust") in terms of which AECI would acquire an effective 25,1% interest in AEL Mining Services Limited, a wholly-owned subsidiary of AEL HoldCo, from KTH and the AEL Trust, in exchange for the issue of 4 678 667 ordinary shares in AECI ("the KTH Transaction"). Shareholders are hereby advised that all the suspensive conditions relating to the KTH Transaction have now been fulfilled. Woodmead 19 January 2012 Investment bank and Attorneys and tax Reporting accountants and transaction sponsor advisers auditors The Standard Bank of South Africa Limited KPMG Inc. Webber Wentzel Independent professional Corporate sponsor expert Rand Merchant Bank (a division of FirstRand Ernst & Young Advisory Bank Limited) Services Limited Date: 19/01/2012 15:00:01 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.

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