SENS[BACK TO ARTICLES]
12/7/2016 4:04:00 PM
|AIP: ADCOCK INGRAM HOLDINGS LIMITED - Voluntary announcement: Adcock Ingram disposes of 53% interest in Ayrton Drug Manufacturing Limited, Ghana|
AIP: ADCOCK INGRAM HOLDINGS LIMITED - Voluntary announcement: Adcock Ingram disposes of 53% interest in Ayrton Drug Manufacturing Limited, Ghana Voluntary announcement: Adcock Ingram disposes of 53% interest in Ayrton Drug Manufacturing Limited, Ghana Adcock Ingram Holdings Limited (Registration number 2007/016236/06) (Incorporated in the Republic of South Africa) Share code: AIP ISIN: ZAE000123436 ("Adcock Ingram" or "the Company") Voluntary announcement: Adcock Ingram disposes of 53% interest in Ayrton Drug Manufacturing Limited, Ghana Shareholders are advised that, at the announcement of the CompanyÂ´s financial results for the year ended 30 June 2016, it was noted that Adcock Ingram had concluded a share purchase agreement with Dannex Limited ("Dannex"), in terms of which the Company agreed to dispose of 53% of its interest in Ayrton Drug Manufacturing Limited ("Ayrton") to Dannex("Transaction"). The Transaction was subject to approval by the Ghana Securities and Exchange Commission ("Commission") and an application by Dannex to the Commission on 8 August 2016 sought to exempt Dannex from making a general offer to all remaining Ayton shareholders. The Commission subsequently granted Dannex approval to proceed with the Transaction, subject to the fulfilment of certain conditions. Adcock Ingram is pleased to announce that Dannex has since complied with all the conditions precedent and the Transaction closed on 30 November 2016. The Company has concluded a voting pool agreement with Dannex, in relation to the 25.1% interest Adcock Ingram retains in Ayrton. Midrand 7 December 2016 Sponsor RAND MERCHANT BANK (A Division of FirstRand Bank Limited) Date: 07/12/2016 04:04:00 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.
|2016-12-07 16:04:00 Source: JSE News Service (SENS)|