•    AFENERGY     AEP Energy Africa Ltd.      JSE:AEY

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  • COMPANY INFORMATION 

Nature of business
AEP was incorporated on 24 January 2017 and successfully listed as a Special Purpose Acquisition Company (SPAC) on the Alternative Exchange Board (AltX) of the Johannesburg Stock Exchange (JSE) on 30 June 2017. The primary purpose of a SPAC is to pursue the acquisition of viable assets being investments in commercial enterprises in the energy sector with high growth potential. Unless and until such viable assets are acquired, the only material asset of a SPAC is the cash which it holds pursuant to a capital raise through the issue of shares. The cash is held in escrow and invested conservatively for the protection of the company’s shareholders. If the acquisition of a viable asset is not completed within a 24-month period from the date on which the SPAC was listed or such later date as the JSE may permit, the SPAC is required to return the subscription funds initially invested to shareholders, plus accrued interest, less permissible expenses and taxation.

Company email
info@aep.co.za

Company website
http://www.aep.co.za

Transfer secretary
Computershare Investor Services

Company secretary
Imbokodvo Bethany Governance

Postal address
PO Box 652101, Benmore, 2010

Registered address
2nd Floor, 28 Fricker Road, Illovo, Sandton, 2196

Company tel
011 268-5540

Company fax
086 506-7061

Major shareholders
Public Investment Corporation SOC Ltd.

No directors dealings reported.
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