Shareholders are referred to the SENS announcement (including financial effects) dated 3 December 2012 in which CIG gave notice of its acquisition of an effective 30.5% interest in Angola Environmental Serviços, Limitada (“AES”), an Angolan based company providing waste management services to the oil and gas sector. The acquisition was subject to the fulfilment of numerous conditions precedent.
Shareholders are informed that the acquisition agreement entered into on 25 November 2012, as varied from time to time thereafter, has become unconditional in all respects, as a consequence of which CIG has now become the effective holder of a 30.5% shareholding in AES. Shareholders are further informed that CIG’s effective 30.5% shareholding in AES is currently held by an Angolan incorporated company controlled by CIG. As soon as the requisite approval of the transaction has been granted by the Angolan authorities in terms of the Angola Private Investment Law, Law 20/11 of 15 December 2011, as amended from time to time, CIG will transfer the whole of its shareholding in AES, to a wholly owned subsidiary of CIG incorporated in Mauritius.
This acquisition is classified as a Category 2 transaction in terms of the JSE Listings Requirements and as such, no further documentation or approval by shareholders is required for implementation.
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