Finalisation announcement in respect of the Aveng Rights Offer
Incorporated in the Republic of South Africa
(Registration number: 1944/018119/06)
SHARE CODE: AEG
("Aveng" or "the Company")
FINALISATION ANNOUNCEMENT IN RESPECT OF THE AVENG RIGHTS OFFER
Shareholders are referred to the announcement published on SENS on Tuesday, 16 February 2021 wherein
shareholders were advised that Aveng intends to raise an amount of R300 000 000 by way of a fully co-
underwritten renounceable rights offer ("Rights Offer") of up to 20 000 000 000 ordinary no par value shares
in Aveng and class A shares as contemplated in the Rights Offer circular ("Rights Offer Shares"). The Rights
Offer will be made to qualifying shareholders at a subscription price of 1.5 cents per Rights Offer Share, in the
ratio of 103.12203 Rights Offer Shares for every 100 Aveng ordinary shares held on the Rights Offer record
date, which is anticipated to be on or about Friday, 26 February 2021 ("Record Date").
Shareholders are further advised that the Company has received formal approval of the Rights Offer circular
from the Issuer Regulation Division of the JSE Limited and accordingly, the 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, 16 February 2021.
SALIENT DATES AND TIMES
Circular to be published on Aveng website Monday, 22 February
Last day to trade in shares in order to participate in the Rights Offer (cum Tuesday, 23 February
Shares commence trading ex-entitlement at 09:00 on Wednesday, 24 February
Listing of and trading in the letters of allocation under code AEGN and ISIN
ZAE000295481 on the JSE commences at 09:00 on Wednesday, 24 February
Circular and a form of instruction, where applicable, posted to qualifying
certificated shareholders on Thursday, 25 February
Record date at 17:00 on Friday, 26 February
Rights Offer opens at 09:00 on Monday, 1 March
In respect of qualifying certificated shareholders, letters of allocation
credited to an electronic account held with the transfer secretaries at 09:00 Monday, 1 March
Circular emailed to qualifying dematerialised shareholders Monday, 1 March
In respect of qualifying dematerialised shareholders, CSDP or broker
accounts credited with letter of allocation at 09:00 on Monday, 1 March
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, 9 March
Last day to trade letters of allocation on the JSE Tuesday, 9 March
Listing of Rights Offer Shares and trading therein on the JSE commences Wednesday, 10 March
at 09:00 on
Last day for restricted shareholders to lodge qualified institutional buyers' Friday, 12 March
investor letters to Aveng at 12:00 on
Rights Offer closes at 12:00 on Friday, 12 March
Payment to be made and form of instruction to be lodged with the transfer Friday, 12 March
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, 12 March
Rights Offer Shares issued on Monday, 15 March
In respect of qualifying dematerialised shareholders (or their renouncees),
CSDP or broker accounts debited with the aggregate Rights Offer Price and
updated with Rights Offer Shares at 09:00 on
Monday, 15 March
In respect of qualifying certificated shareholders (or their renouncees),
share certificates in respect of Rights Offer Shares posted on or about Monday, 15 March
Results of the rights offer announced on SENS on Monday, 15 March
1. If you are a qualifying dematerialised shareholder you are required to notify your duly appointed CSDP or broker of your acceptance
of the Rights Offer in the manner and time stipulated in the agreement governing the relationship between yourself and your CSDP
2. CSDPs effect payment on a delivery versus payment method in respect of qualifying dematerialised shareholders.
3. Shareholders may not dematerialise or rematerialise their Ordinary Shares between Wednesday, 24 February 2021, and Friday, 26
February 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 Rights Offer ("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, 25 February 2021.
The Rights Offer Circular will be emailed to qualifying dematerialised shareholders recorded in the register as
such on Monday, 1 March 2021.
The Rights Offer Circular will also be published on Aveng's website at www.aveng.co.za on Monday, 22
18 February 2021
Date: 18-02-2021 10:30:00
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