Proposed cancellation of Ordinary Shares on AIM
14 March 2014
Africa Opportunity Fund Limited (the "Company")
Proposed cancellation of admission to trading on AIM of the Ordinary Shares
As previously announced, the Company is proposing to raise up to US$100 million by way of a placing of C shares of US$0.10 each ("C Shares") at a placing price of US$1.00 per C Share (the "Placing") in conjunction with the admission to trading of the ordinary shares of US$0.01 each ("Ordinary Shares") being moved from AIM to the Specialist Fund Market of the London Stock Exchange ("Admission").
It was previously anticipated that the cancellation of the admission of the Ordinary Shares to trading on AIM would take effect no earlier than 17 March 2014 and no later than 31 March 2014. It is now anticipated that the cancellation of the admission of the Ordinary Shares to trading on AIM will take effect no earlier than 7 April 2014 and no later than 30 April 2014.
CONTACT DETAILS
Africa Opportunity Fund Limited
Francis Daniels Tel: +27 11 684 1528
Edmond de Rothschild Securities (UK) Limited, Broker & Financial Adviser
Andrew Davies (Sales) Tel: +44 (0)20 7845 5960
William Marle Tel: +44 (0)20 7845 5950
Hiroshi Funaki Tel: +44 (0)20 7845 5960
funds@lcfr.co.uk
Grant Thornton UK LLP, Nominated Adviser
Philip Secrett Tel: +44 (0)20 7383 5100
David Hignell
This announcement has been prepared by the Company for information purposes only and does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, the C Shares in any jurisdiction. Any offer and/or sale of C Shares will not be registered under the applicable securities laws of the United States, Australia, Canada, South Africa or Japan. Subject to certain exceptions, the C Shares may not be offered or sold within the United States, Australia, Canada, South Africa or Japan or to any national, resident or citizen of the United States, Australia, Canada, South Africa or Japan. This announcement does not constitute any form of financial opinion or recommendation on the part of the Company or any of its affiliates or advisers and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities in any jurisdiction.
Neither the U.S. Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of the securities referred to in this announcement or passed upon the adequacy or accuracy of this announcement. Any representation to the contrary is a criminal offence in the United States.
This information is provided by RNS
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