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TORRE INDUSTRIAL HOLDINGS LIMITED - Conclusion Of The Scheme Of Arrangement

Release Date: 06/12/2012 07:05
Code(s): TOR     PDF:  
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Conclusion Of The Scheme Of Arrangement

                  TORRE INDUSTRIAL HOLDINGS LIMITED
            Incorporated in the Republic of South Africa
               (Registration number: 2012/144604/06)
                          Share code: TOR
                         ISIN: ZAE000169322
                     (“Torre” or “the Company”)


              CONCLUSION OF THE SCHEME OF ARRANGEMENT


Further to the announcement made on 28 November 2012, which referred
to the listing of the Torre issued share capital and the remaining
salient dates in terms of the Scheme, details of which were
contained in the circular posted to shareholders on 14 September
2012, the directors of Torre are pleased to advise that all the
conditions   precedent  in   relation  to   the  Scheme   have  been
successfully fulfilled and accordingly the Scheme has become
unconditional in all respects and is therefore operative.

SA French shares have been terminated and the certificated and
dematerialised Scheme Participants will be receiving the Scheme
Consideration, being shares in the newly listed Torre, in due
course.

In addition, the Company has made application to the JSE for the
further listing of Torre shares in relation to the Forktech
acquisition which was subject to the completion of the Scheme.

Johannesburg
6 December 2012

Corporate advisor: AfrAsia Corporate Finance Proprietary Limited
Designated advisor: PSG Capital Proprietary Limited

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