(Incorporated in the
Registration number: 1924/002590/06
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the Company)
SUCCESSFUL CONCLUSION OF THE DISPOSAL OF SCHIRM
Unless otherwise defined herein, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the announcement published on the
Shareholders and noteholders are hereby advised that all of the conditions precedent for the implementation of the Disposal have been timeously fulfilled or waived. Accordingly, the Disposal has become wholly unconditional and was successfully implemented on Thursday,
An amount of
The Disposal is aligned with AECI's strategy of optimising its portfolio and creating a platform for growth. The Company is focusing on its core businesses, namely AECI Mining and AECI Chemicals, while divesting from managed businesses that offer limited synergies with the chosen core businesses. This strategic shift aims to streamline operations, enhance efficiency and leverage in-house expertise by concentrating efforts on areas where AECI has a competitive advantage and strong market potential.
The board of directors of AECI would like to express its sincere gratitude to the management and staff of
Woodmead, Sandton
Equity Sponsor: One Capital
Debt Sponsor:
