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ASTORIA INVESTMENTS LIMITED - Mandatory offer to Astoria shareholders

Release Date: 08/01/2020 17:05
Code(s): ARA RACP     PDF:  
Wrap Text
Mandatory offer to Astoria shareholders

(Incorporated in the Republic of Mauritius)             (Incorporated in the Republic of South Africa)
Registration number 1297585 C1/GBL                      Registration number 2009/012403/06
SEM share code: ATIL.N0000                              Preference Share Code: RACP
JSE share code: ARA                                     ISIN: ZAE000145041
NSX share code: ARO                                     ("RAC")
ISIN: MU0499N00007
(“Astoria” or “the Offeree”)


Shareholders are referred to the announcements released on SENS on 5 November 2019,22 November
2019 and 13 December 2019, in which they were advised, inter alia, that:

- RAC, acting through its wholly-owned subsidiary, Livingstone Investments Proprietary Limited, was
  making a mandatory offer ("Mandatory Offer") to shareholders of Astoria to acquire the remaining
  shares not already owned by it, in terms of Rule 33(1)(c) of the Mauritian Securities (Takeover) Rules

- a circular in relation to the Mandatory Offer was distributed by RAC on 22 November 2019, to Astoria
  shareholders registered as such on Friday, 15 November 2019; and

- a reply document prepared for the purpose of enabling Astoria shareholders to reach an informed
  decision about the Mandatory Offer was distributed by Astoria on 13 December 2019, to Astoria
  shareholders registered as such on Friday, 6 December 2019.

Further thereto, Astoria shareholders are reminded of the following salient dates and times relating to 
the Mandatory Offer:

Last day to trade in Astoria shares in order to participate in the                   Tuesday, 7 January
Mandatory Offer
Astoria shares begin trading ex the Mandatory Offer                                Wednesday, 8 January
Record date for the Mandatory Offer                                                  Friday, 10 January
Mandatory Offer closes at 14h00 Mauritian time (12h00 SA time)                       Friday, 10 January
time on
Results of the Mandatory Offer released on SENS, NSX and SEM                         Monday, 13 January
Cash Settlement                                                                      Monday, 13 January
Results of the Mandatory Offer released in the Mauritian and South                  Tuesday, 14 January
African press

1. Share certificates may not be dematerialised or rematerialised between, Wednesday, 8 January 2020
   to Friday, 10 January 2020, both days inclusive.
2. The above dates and times are subject to amendment by RAC. Any such amendment will be released
   on SENS, SEM and the NSX, and published in the Mauritian and South African press, respectively.

8 January 2020

Sponsor and Corporate Advisor to RAC
Questco Corporate Advisory Proprietary Limited
Questco Proprietary Limited

JSE designated advisor to Astoria
Java Capital

SEM authorised representative and sponsor to Astoria
GB Capital

NSX Sponsor to Astoria
Cirrus Securities

This communique has been issued pursuant to SEM Listing Rule 11.3. The Board of Directors of Astoria
accepts full responsibility for the accuracy of the information contained in this communique.

Date: 08-01-2020 05:05:00
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