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AVIOR CAPITAL MARKETS HOLDINGS LIMITED - Finalisation announcement regarding the scheme of arrangement

Release Date: 04/02/2020 10:45
Code(s): AVR     PDF:  
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Finalisation announcement regarding the scheme of arrangement

AVIOR CAPITAL MARKETS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/086358/06)
JSE share code: AVR    ISIN: ZAE000211637
(“Avior” or “the company”)


FINALISATION ANNOUNCEMENT REGARDING THE SCHEME OF ARRANGEMENT


Shareholders are referred to the announcements released regarding the firm intention by Char Trade 117 CC t/a Ace
Retail Solutions (the “offeror”) to make an offer to acquire all of the issued ordinary shares of Avior, excluding the
Avior shares held by Stately Horse Properties Proprietary Limited and Mr. Kevin Mattison (collectively the “excluded
shareholders”), the last of which was released on SENS on 20 January 2020.

Avior is pleased to announce that all outstanding conditions precedent to the scheme of arrangement between Avior
and Avior shareholders (the “scheme”) have now been fulfilled and implementation of the scheme will take place in
accordance with the timetable set out in the circular issued to Avior shareholders, and announced on SENS on
18 December 2019.

With effect from Monday, 17 February 2020 (the “operative date”) the offeror will acquire all Avior shares held by
Avior shareholders other than the excluded shareholders (the “Avior minority shareholders”) and the Avior minority
shareholders will receive the cash consideration of 67 cents per Avior share.

The listing of Avior on the AltX board of the JSE Limited will be suspended with effect from the commencement of
trade on Wednesday, 12 February 2020 and terminated with effect from the commencement of trade on Tuesday,
18 February 2020.

The board of directors of the company, individually and collectively accepts full responsibility for the accuracy of the
information contained in this announcement. In addition, the board of directors of the company certifies that to the
best of its knowledge and belief, the information contained in this announcement solely pertaining to the company is
true and, where appropriate, does not omit anything that is likely to affect the importance of the information contained
herein, and that all reasonable enquiries to ascertain such information has been made.

4 February 2020


Corporate advisor and designated advisor
Java Capital

Date: 04-02-2020 10:45:00
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