QUALIFYING DATE AND CLOSURE OF REGISTER OF MEMBERS FOR RIGHTS OFFER
Aluworks Limited (ALW) is pleased to announce a Renounceable Rights Offer (Offer) of 600 million
ordinary shares of no par value at GH¢0.05 per share to qualifying shareholders. The Offer will be made in
a ratio of 6.5181 new shares for every 1 existing share held. The Offer was approved at ALW’s Annual
General Meeting held on Thursday, July 5, 2012.
Pursuant to section 34 of the Companies Code 1963 (Act 179) and the Ghana Stock Exchange Listing
Rules, the Register of Members of ALW will be closed to the general public from Friday, February 15,
2013 to Tuesday, February 19, 2013 (both dates inclusive).
The Ex-Rights date has been set as Tuesday, February 12, 2013 and the Qualifying Date has been set as
Thursday, February 14, 2013. Consequently, only shareholders on the Register of Members of ALW at the
close of business on Thursday, February 14, 2013 will be entitled to exercise their Rights under the Offer.
Investors who, subject to the Rules of the Ghana Stock Exchange, the terms of the Offer and other
applicable laws, may be allotted such shares as are not subscribed for by qualifying shareholders or as
may be duly renounced in their favour.
Approval for the Rights Issue Circular was obtained from the Securities and Exchange Commission (SEC)
on December 20, 2012. The Offer is expected to open on February 25, 2013 and close on March 22,
2013. Strategic African Securities Limited is the Lead Manager.
ALW seeks to undertake this Offer to raise capital to enable the company enhance its competitive edge by
retiring its existing debts, construct a new warehouse, refurbish existing Cold Mill and also finance working
The Offer Circular will shortly be sent to the qualifying Shareholders.
Tema Heavy Industrial Area