Finalisation announcement in respect of the Aveng follow-on rights offer
AVENG LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
ISIN: ZAE000111829
SHARE CODE: AEG
("Aveng" or "the Company")
FINALISATION ANNOUNCEMENT IN RESPECT OF THE AVENG FOLLOW-ON RIGHTS OFFER
Shareholders are referred to the announcement published on SENS on Tuesday, 11 May 2021 wherein
shareholders were advised that Aveng intends to raise an amount of ZAR100 000 000 by way of a fully co-
underwritten renounceable rights offer ("Follow-on Rights Offer") of up to 6 666 666 668 ordinary no par
value shares in Aveng ("Aveng Ordinary Shares") and class A shares ("Aveng Class A Shares") as
contemplated in the Follow-on Rights Offer circular ("Follow-on Rights Offer Shares"). The Follow-on Rights
Offer will be made to qualifying shareholders at a subscription price of 1.5 cents per Follow-on Rights Offer
Share, in the ratio of 11.47941 Follow-on Rights Offer Shares for every 100 Aveng Ordinary Shares or Aveng
Class A Shares held on the Follow-on Rights Offer record date, which is anticipated to be on Friday, 21 May
2021 ("Record Date").
Shareholders are further advised that the Company has received formal approval of the Follow-on Rights
Offer circular from the Issuer Regulation Division of the JSE Limited and accordingly, the Follow-on Rights
Offer will be implemented in accordance with the salient dates and times set out below, which are the same
as those published on Tuesday, 11 May 2021.
SALIENT DATES AND TIMES
2021
Circular to be published on Aveng website Monday, 17 May
Last day to trade in shares in order to participate in the Follow-on Tuesday, 18 May
Rights Offer (cum entitlement)
Shares commence trading ex-entitlement at 09:00 on Wednesday, 19 May
Listing of and trading in the letters of allocation under code AEGN and Wednesday, 19 May
ISIN ZAE 000298147 on the JSE commences at 09:00 on
Circular and a form of instruction, where applicable, posted to qualifying
certificated shareholders on Thursday, 20 May
Record Date at 17:00 on Friday, 21 May
Follow-on Rights Offer opens at 09:00 on Monday, 24 May
In respect of qualifying certificated shareholders, letters of allocation
credited to an electronic account held with the transfer secretaries at Monday, 24 May
09:00 on
Circular emailed to qualifying dematerialised shareholders Monday, 24 May
In respect of qualifying dematerialised shareholders, CSDP or broker
accounts credited with letter of allocation at 09:00 on Monday, 24 May
Last day to lodge Form of Instruction with the transfer secretaries in
respect of qualifying certificated shareholders (or their renouncees)
wishing to sell all or some of their letters of allocation by (12:00) on Tuesday, 1 June
Last day to trade letters of allocation on the JSE Tuesday, 1 June
Listing of Follow-on Rights Offer Shares and trading therein on the JSE Wednesday, 2 June
commences at 09:00 on
Follow-on Rights Offer closes at 12:00 on Friday, 4 June
Payment to be made and form of instruction to be lodged with the Friday, 4 June
transfer secretaries by qualifying certificated shareholders wishing to
renounce or subscribe for all or part of their entitlement at 12:00 on
Record date for letters of allocation on Friday, 4 June
Follow-on Rights Offer Shares issued on Monday, 7 June
In respect of qualifying dematerialised shareholders (or their
renouncees), CSDP or broker accounts debited with the aggregate
Follow-on Rights Offer Price and updated with Follow-on Rights Offer
Shares at 09:00 on Monday, 7 June
In respect of qualifying certificated shareholders (or their renouncees),
share certificates in respect of Follow-on Rights Offer Shares posted on Monday, 7 June
or about
Results of the Follow-on Rights Offer announced on SENS on Monday, 7 June
Notes:
1. If you are a qualifying dematerialised shareholder you are required to notify your duly appointed CSDP or broker of your
acceptance of the Follow-on Rights Offer in the manner and time stipulated in the agreement governing the relationship between
yourself and your CSDP or broker.
2. CSDPs effect payment on a delivery versus payment method in respect of qualifying dematerialised shareholders.
3. Shareholders may not dematerialise or rematerialise their Aveng Ordinary Shares between Wednesday, 19 May 2021, and
Friday, 21 May 2021, both dates inclusive.
4. All times are South African times.
5. Share certificates will be posted by registered post at the risk of the qualifying certificated shareholders (or their renouncees).
RIGHTS OFFER CIRCULAR
A circular containing the full details of the Follow-on Rights Offer ("Follow-on Rights Offer Circular") and
form of instruction in respect of a letter of allocation will be posted to qualifying certificated shareholders in the
register as such on Thursday, 20 May 2021.
The Follow-on Rights Offer Circular will be emailed to qualifying dematerialised shareholders recorded in the
register as such on Monday, 24 May 2021.
The Follow-on Rights Offer Circular will also be published on Aveng's website at www.aveng.co.za on Monday,
17 May 2021.
Johannesburg
Thursday, 13 May 2021
JSE Sponsor: UBS South Africa Proprietary Limited
Transaction advisor: DG Capital Proprietary Limited
Legal advisor: Baker & McKenzie Incorporated
Date: 13-05-2021 10:30:00
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. |