African Rainbow Capital shareholders approve delisting and re-domiciliation
Investment company African Rainbow Capital’s (ARC’s) shareholders on May 6 approved the delisting of the ARC Investments (ARCI) company from the JSE and removal of its shares from A2X Markets, and re-domiciliation of the company from Mauritius.
The delisting was owing to the offer made by ARC to acquire all the issued ordinary shares in ARCI not already owned by them and approved by shareholders.
ARCI will be delisted from the JSE and A2X Markets. It will also be re-domiciliated from Mauritius to South Africa.
All the resolutions required to approve the delisting and re-domiciliation were passed by shareholders with the requisite majorities and will be implemented, the company said.
However, the re-domiciliation remains subject to regulatory approvals required under the South African Companies Act and the Mauritian Companies Act without conditions or subject to such conditions as are approved by ARC.
Remaining shareholders will be advised when the re-domiciliation is implemented.
Further, shareholders who have not accepted the offer will remain as shareholders of ARCI and should note the limited tradability of their shares following the delisting.
The offer is open for acceptance until noon on May 23.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation