To view the PDF file, sign up for a MySharenet subscription.


Release Date: 16/01/2019 14:05
Code(s): HWN     PDF:  
Wrap Text
Acquisition Of Securities

Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
JSE code: HWN ISIN: ZAE000010583
(“HAHL” or “the Company”)


Shareholders are referred to the finalisation announcement regarding the conditional general
offer by Howden Group South Africa Limited (“HGSAL”) to acquire all or a portion of the issued
ordinary shares in HAHL, other than the shares held by HGSAL and James Howden & Godfrey
Overseas Limited (“JH&G”) (“General Offer”), released on the Stock Exchange News Service
operated by the JSE Limited (“JSE”) on Wednesday, 2 January 2019 and published in the press
on Thursday, 3 January 2019.

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 (“the Companies
Act”) and section 3.83(b) of the JSE Listings Requirements, shareholders are hereby advised
that the Company has received formal notification in the prescribed form that HGSAL has
acquired an interest in the securities of the Company pursuant to the General Offer, such that
the total interest in the securities of the Company held by HGSAL has increased to 82.4% of
the total issued share capital of the Company. Collectively, HGSAL and JH&G hold 89.9% of
the total issued share capital of the Company.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the
required notices with the Takeover Regulation Panel.

16 January 2019

Corporate Advisor: Deloitte Capital Proprietary Limited
Transaction Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
Legal Advisor: Webber Wentzel

Date: 16/01/2019 02:05:00 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.

Email this JSE Sens Item to a Friend.

Share This Story