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

JSE LIMITED - Payment of Denver Property amount

Release Date: 15/08/2017 17:36
Code(s): JSER     PDF:  
Wrap Text
Payment of Denver Property amount

RPC ASTRAPAK PROPRIETARY LIMITED
(formerly Astrapak Limited
Incorporated in the Republic of South Africa
(Registration number 1995/009169/06)
Share code: APK       ISIN: ZAE000096962
Share code: APKP ISIN: ZAE000087201)
 (“Astrapak” or “the Company”)


    PAYMENT OF DENVER PROPERTY AMOUNT



Astrapak Shareholders are referred to the ‘Finalisation of Aggregate Ordinary Share Scheme Consideration and
Payment of Completion Calculation Amount’ announcement released on SENS on 19 June 2017
(“Announcement”), and to the circular to Astrapak Shareholders dated 7 April 2017 (“Circular”) (and using the
terms defined therein unless otherwise stated) regarding, inter alia the Offer by RPC to acquire, either itself or
through RPC Nominee, all of the Astrapak Ordinary Shares, excluding the 12 837 424 Treasury Shares and
1 258 594 Astrapak Ordinary Shares held by the ASOS Trust, being a total of 121 035 232 Astrapak Ordinary
Shares, as well as the voluntary repurchase by Astrapak of all of the Preference Shares in issue from the holders
thereof, both by way of schemes of arrangement in terms of section 114 of the Companies Act proposed by the
Astrapak Board to the Astrapak Shareholders.
As set out in the Announcement, Astrapak Ordinary Shareholders were advised that as the purchase price in
respect of the Denver Property was not received prior to the Ordinary Share Scheme Conditions Fulfilment Date,
the Denver Property Amount would accordingly, only be paid to Ordinary Share Scheme Participants upon receipt
thereof by Astrapak in accordance with paragraph 3.2.5.4.2 of the Circular.
Astrapak Ordinary Shareholders are hereby advised that the purchase price in respect of the Denver Property has
now been received. The Denver Property Amount, representing an amount of 60.410 cents per Ordinary Scheme
Share, will be paid to Ordinary Share Scheme Participants on 22 August 2017.
Astrapak Ordinary Shareholders are further advised that the payment of the Denver Property Amount represents
the third and final instalment of the Ordinary Share Scheme Consideration which, as set out in the Announcement,
was determined to be an aggregate amount of 768.807 cents per Ordinary Scheme Share.

Johannesburg
15 August 2017

Corporate Advisor and Transaction Sponsor to Astrapak
Merchantec Capital

Legal Advisor to Astrapak
Webber Wentzel

Date: 15/08/2017 05:36:00 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