To view the PDF file, sign up for a MySharenet subscription.

AH-VEST LIMITED - Further announcement on dealings by an associate of a director

Release Date: 09/02/2016 17:40
Code(s): AHL     PDF:  
Wrap Text
Further announcement on dealings by an associate of a director

AH-VEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
Share code: AHL      ISIN code: ZAE000129177
(“AH-Vest” or “the Company”)


FURTHER ANNOUNCEMENT ON DEALINGS BY AN ASSOCIATE OF A DIRECTOR


Further to the announcements issued on SENS on 23 December 2014 and 22 December 2015,
whereby shareholders were advised that Eastern Trading Proprietary Limited (“Eastern Trading”),
the controlling shareholder in AH-Vest and an associate of executive director, Mr I Darsot, had
agreed to acquire a 61% interest, from 6 separate shareholders, in Farm Foods Proprietary Limited
(“Farm Foods”), which owns 23 802 500 shares in AH-Vest, equating to a 23.34% interest in AH-
Vest, subject to a formal agreement being concluded, shareholders are advised that:

-    the acquisition of the 15% interest from one Farm Foods shareholder as announced on
     22 December 2015 will not proceed separately from the other 5 parties as previously
     announced and the announcement is accordingly withdrawn; and
-    the 6 separate shareholders holding 61% in Farm Foods have now signed a written
     agreement, albeit at a slightly higher effective consideration. The shares in Farm Foods will
     be transferred against payment for the shares in Farm Foods.

In accordance with paragraph 3.63 of the JSE Listings Requirements the following amended
director’s dealing is disclosed:

 Name of director:               I Darsot
 Name of associate:              Eastern Trading
 Relationship with director:     Direct beneficial shareholder and director of associate
 Nature of transaction:          Purchase of 61% shareholding in a private company holding
                                 23 802 500 shares in AH-Vest
 Date of transaction:            14 days from conclusion of conditions precedent, being on or
                                 about 16 February 2016.
 Class of securities:            Ordinary shares
 Number of securities:           14 519 525 (being 61% of 23 802 500 shares in AH-Vest)
 Purchase price:                 20 cents per share
 Total value of transaction:     R2 903 905
 Nature of interest:             Indirect beneficial
 Extent of interest:             14.2%
 Nature of trade:                Off-market
 Clearance to deal:              Yes, per announcement on 23 December 2014


Johannesburg
9 February 2016

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

Date: 09/02/2016 05:40:00 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.

Share This Story