Posting of Circular to shareholders and Notice of General Meeting regarding the proposed restructuring of the ARM Broad-Based Economic Empowerment Trust
11 March 2016
Shareholders of ARM (“ARM Shareholders”) are referred to the announcement released on the Stock Exchange News Service of the JSE Limited on Monday, 15 February 2016 regarding the proposed specific repurchase by Subco, a wholly-owned subsidiary of ARM, of approximately 12.7 million ARM ordinary shares held by the ARM Broad-Based Economic Empowerment Trust (“the Trust”) and the provision of a subordinated unsecured loan by ARM to the Trust (“the proposed restructuring”). ARM Shareholders are advised that the circular detailing the terms of the proposed restructuring, including a notice of general meeting (“the Circular”), was posted to ARM Shareholders today.
The general meeting of ARM Shareholders will be held, subject to any cancellation, postponement or adjournment, on Wednesday, 13 April 2016 in Boardrooms 6 and 7 at the Sandton Sun Hotel, Corner of Fifth Street and Alice Lane, Sandton, 2196 at 11:00 SA time, to consider and, if deemed fit, pass, with or without modification, the special and ordinary resolutions set out in the notice of general meeting attached to the Circular.
The record date for determining which ARM Shareholders are entitled to participate in and vote at the general meeting is Friday, 8 April 2016. Accordingly, the last day to trade in order to be eligible to participate in and vote at the general meeting will be Friday, 1 April 2016.
A copy of the Circular is also available below.
Circular to shareholders (PDF – 289KB)
Notice of General meeting (PDF – 91KB)
11 March 2016
UBS South Africa Proprietary Limited
Financial adviser and transaction sponsor
Deutsche Securities (SA) Proprietary Limited
Corporate Development and Head of Investor Relations
Office: +27 11 779 1507