To view the PDF file, sign up for a MySharenet subscription.

MAHUBE INFRASTRUCTURE LIMITED - Further Cautionary Announcement

Release Date: 06/04/2022 11:15
Code(s): MHB     PDF:  
Wrap Text
Further Cautionary Announcement

 Mahube Infrastructure Limited
 (Formerly GAIA Infrastructure Capital Limited)
 (Incorporated in the Republic of South Africa)
 (Registration number: 2015/115237/06)
 ISIN: ZAE000290763
 JSE code: MHB
 (“Mahube” or the “Company”)

Further Cautionary Announcement

Mahube shareholders (“Shareholders”) are referred to the cautionary announcement published on SENS on
15 October 2021, subsequent renewals thereof and the detailed further cautionary announcement dated 22 February
2022 (“the Previous Announcement”). The capitalised terms used in this announcement bear the same meaning as
those defined in the Previous Announcement.

Shareholders are advised that RMB has consented in writing to the Capital Restructure of SubCo, the condition
precedent to the Capital Restructure has been fulfilled, and accordingly the Company is proceeding to implement the
following:-

 •       The subdivision of SubCo’s ordinary shares;

 •       The amendment of SubCo’s memorandum of incorporation to create the N Shares; and

 •       The subscription by Mahube for N Shares.

 Shareholders are reminded that the proposed distribution in specie of the N Shares and the offer to elect to receive
 ordinary shares in the capital of Mahube will be subject, inter alia, to Mahube continuing to qualify for its listing on
 the main board of the JSE Limited and the requisite Shareholder and regulatory approvals being obtained.

 Further details of the proposed distribution in specie of the N Shares and Mahube ordinary shares will be published
 on SENS and in a circular convening a general meeting of Shareholders, in due course.

 Shareholders are further advised that the Company is still in the process of finalising further initiatives to achieve its
 goal to restructure and recapitalise the business and, accordingly, Shareholders are advised to continue to exercise
 caution when dealing in the Company’s securities until the Company issues a further announcement in this regard.

 Johannesburg

 6 April 2022

 JSE Sponsor to Mahube
 Questco Corporate Advisory Proprietary Limited

 Legal Advisors
 DLA Piper South Africa Advisory Services Proprietary Limited

Date: 06-04-2022 11:15:00
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.

Share This Story