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CARGO CARRIERS LIMITED - Acquisition of Securities

Release Date: 21/01/2019 17:33
Code(s): CRG     PDF:  
 
Wrap Text
Acquisition of Securities

Cargo Carriers Limited
Incorporated in the Republic of South Africa
(Registration Number 1959/003254/06)
Share code: CRG ISIN: ZAE000001764
("Cargo " or "the Company")


ACQUISITION OF SECURITIES

Shareholders are referred to the Finalisation Announcement regarding the Scheme of Arrangement (“Scheme”)
in terms of section 114 of the Companies Act 71 of 2008, as amended (“Companies Act”) and paragraph 1.17(b)
of the Listings Requirements of the JSE Limited (“JSE”) proposed by the board of directors of Cargo between
Cargo and the holders of the ordinary shares of Cargo (“Cargo Share(s)”) not already held by Cargo Carriers
Holdings (Pty) Ltd (“CCH”), excluding the Cargo Shares held by New Seasons Equity Fund Proprietary Limited,
treasury shares and any Cargo Shares held by persons related to CCH (“Excluded Shareholders”).

In accordance with section 122(3)(b) of the Companies Act and section 3.83 of the JSE Listings Requirements,
shareholders are hereby advised that the Company has received notification in the prescribed form that CCH
has acquired an interest in the securities of the Company such that the total interest in the securities of the
Company held by CCH has increased to 82.69% of the total issued share capital of the Company. Collectively,
CCH and the Excluded Shareholders hold 100% of the issued share capital of the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company will file the required notices with
the Takeover Regulation Panel.

Johannesburg
21 January 2019

Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 21/01/2019 05:33:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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