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CONSOLIDATED INFRASTRUCTURE GRP LTD - Update to shareholders in respect of acquisition of interest in Angola Environmental Servios Limtada

Release Date: 03/02/2014 09:37
Code(s): CIL     PDF:  
Wrap Text
Update to shareholders in respect of acquisition of interest in Angola Environmental Serviços Limtada

Consolidated Infrastructure Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
JSE share code: CIL ISIN: ZAE000153888
(“CIG”)

UPDATE TO SHAREHOLDERS IN RESPECT OF THE ACQUISITION OF AN INTEREST IN ANGOLA ENVIRONMENTAL SERVIÇOS LIMITADA

Shareholders are referred to the SENS announcement (including financial effects) dated 3 December 2012 in
which CIG gave notice of its acquisition of an effective 30.5% interest in Angola Environmental Serviços,
Limitada ("AES"), an Angolan based company providing waste management services to the oil and gas
sector. The acquisition was subject to the fulfilment of numerous conditions precedent.

Shareholders are informed that the acquisition agreement entered into on 25 November 2012, as varied from
time to time thereafter, has become unconditional in all respects, as a consequence of which CIG has now
become the effective holder of a 30.5% shareholding in AES.

Shareholders are further informed that CIG's effective 30.5% shareholding in AES is currently held by an
Angolan incorporated company controlled by CIG. As soon as the requisite approval of the transaction has
been granted by the Angolan authorities in terms of the Angola Private Investment Law, Law 20/11 of
15 December 2011, as amended from time to time, CIG will transfer the whole of its shareholding in AES,
to a wholly owned subsidiary of CIG incorporated in Mauritius.

This acquisition is classified as a Category 2 transaction in terms of the JSE Listings Requirements and as
such, no further documentation or approval by shareholders is required for implementation.


3 February 2014


Sponsor
Java Capital

Date: 03/02/2014 09:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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