The Board of Ascencia Limited has today announced that its shareholders and bondholders have approved the Scheme of Arrangement relating to its subsidiary, Bagaprop Limited.
As part of the transaction, the approval of the Listing Executive Committee of the Stock Exchange of Mauritius Ltd. was obtained on 09 November 2017 in respect of the listing of 45,616,281 new Class A Ordinary Shares of Ascencia of no par value at an issue price of Rs 13.32 per share in favour of Atterbury Mauritius Consortium (Pty) Ltd.
The Scheme is subject to the approval of the Supreme Court of Mauritius (Bankruptcy Division). Upon the approval of the Supreme Court, the Shares will be issued to Atterbury and listed on the Development and Enterprise Market of the Stock Exchange of Mauritius Ltd.