Aveng shareholders (“Shareholders”) are advised that the company posted a circular to Shareholders on Monday, 27 February 2017 (“Circular”). The purpose of the Circular is to provide Shareholders with information relating to the proposed disposal of a 51% beneficial interest in the Grinaker-LTA business, owned and operated by Aveng (Africa) (Pty) Ltd., to Kutana Construction (Pty) Ltd. (“Kutana Construction”) and the subsequent issue of a non-voting equity instrument by Kutana Construction to Aveng Africa resulting in Aveng disposing of an effective 45% economic interest in the Grinaker-LTA business to Kutana Construction (“Disposal”). The information contained in the Circular will enable Aveng Shareholders to make an informed decision in respect of the relevant resolutions and to convene a general meeting at which Shareholders will be requested to vote on the resolutions to approve the Disposal (“General Meeting”).
Notice of General Meeting
The General Meeting will be held at, Aveng Park, Block A, 1 Jurgens Street, Jet Park, Boksburg, 1459, on Wednesday 29 March 2016, commencing at 10h00, to consider the resolutions required to effect the Disposal.
Salient dates and times
The salient dates and times relating to the Disposal are set out below:
*Record date on which Aveng Shareholders must be recorded in the company's securities register in order to be entitled to receive notice of the General Meeting - Friday, 17 February 2017
*Circular posted to Aveng Shareholders - Monday, 27 February 2017
*Last date to trade Aveng ordinary shares in order to be eligible to participate and vote at the General Meeting - Monday, 20 March 2017
*Record date on which Aveng Shareholders must be recorded in the company's securities register in order to be entitled to participate in and vote at the General Meeting -Friday, 24 March 2017
*Forms of proxy for the General Meeting to be received by 10h00 on Monday, 27 March 2017
*General Meeting to be held at 10h00 on Wednesday, 29 March 2017
*Results of the General Meeting released on SENS on Wednesday, 29 March 2017