Results of Mandatory Offer by ARC to Global Shareholders
GLOBAL ASSET MANAGEMENT LIMITED UBI GENERAL PARTNER PROPRIETARY LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number: 2002/003192/06) (Registration number: 2016/224437/07)
Share Code: GAM ISIN: ZAE000173498 on behalf of the ARC Fund
RESULTS OF THE MANDATORY OFFER BY ARC TO GLOBAL SHAREHOLDERS
Terms used in this announcement shall bear the same meaning as set out in the circular referred
Shareholders are referred to the Joint Firm Intention Announcement released on SENS and
published in the press on 11 March 2019 and 12 March 2019, respectively, and the circular posted
to Global shareholders on 28 March 2019 relating to, inter alia, the Mandatory Offer required to
be made to Global shareholders by ARC.
The Mandatory Offer closed at 12:00 on Friday, 17 May 2019.
Shareholders are hereby advised that, in terms of the Mandatory Offer, ARC received
acceptances from Global shareholders holding a total of 11 000 Global shares, constituting
approximately 0.01% of the current issued ordinary share capital of Global.
Prior to the Mandatory Offer and as disclosed in the Circular, ARC held 45.30% of the issued share
capital of Global at the Last Practicable Date. Subsequent to the closing of the Mandatory Offer,
ARC holds approximately 45.31% of the issued share capital of Global.
20 May 2019
Arbor Capital Sponsors Proprietary Limited
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