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ASPEN PHARMACARE HOLDINGS LIMITED - Change in Aspen's BEE shareholding

Release Date: 05/09/2012 15:00
Code(s): APN     PDF:  
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Change in Aspen's BEE shareholding

Aspen Pharmacare Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                   
(Registration number 1985/002935/06)                                             
Share code: APN & ISIN: ZAE000066692                                             
("Aspen")      
 
CHANGES IN ASPEN`S BLACK ECONOMIC EMPOWERMENT ("BEE") SHAREHOLDING  
 
Shareholders are referred to the announcement released on 7 June 2012 wherein it was confirmed 
that: 
 
    - in order to facilitate the redemption of certain funding obligations, Imithi Investments 
           (Proprietary) Limited (“Imithi”) had concluded a process of disposing of 9 839 276 Aspen  
           ordinary shares, as allowed for in terms of the agreements governing the BEE transaction 
           between Aspen and Imithi (the details of which were more fully disclosed in the 
           announcement released on 7 June 2012); 
    - 17 600 000 new variable rate, voting, convertible, redeemable, cumulative A preference 
           shares would be converted into 17 600 000 ordinary shares (“New Aspen Ordinary Shares”); 
           and  
    - Aspen would apply for the listing of the New Aspen Ordinary Shares in Imithi’s name on the 
           Main Board of the JSE Limited ("JSE").  This listing took effect on 28 June 2012. 
     
           Collectively referred to as the “Sale and Conversion Process”. 
 
Following the finalisation of the Sale and Conversion Process, Imithi now holds 21 160 724 Aspen 
ordinary shares representing 4.65% of Aspen Shares in issue. 
  
As a further result of this Sale and Conversion Process and subsequent transactions between the 
shareholders of Imithi, Dr N J Dlamini, Aspen’s non-executive Chairman now holds an indirect 
beneficial interest in 2,626,850 Aspen ordinary shares. 
 
5 September 2012 
Sponsor: Investec Bank Limited 

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