Announcements

Fractional entitlements are small leftover pieces of shares that result when your shares are converted in a merger or acquisition. In this case, when Renergen shareholders exchange their shares for ASPI shares at a ratio of 0.09196 ASPI shares for every 1 Renergen share, the math often doesn’t work out to a whole number. For example, if you own 100 Renergen shares, you’d be entitled to 9.196 ASPI shares—but you can’t actually receive 0.196 of a share. Instead, you’ll receive 9 whole shares, and the company will pay you cash for that leftover 0.196 fraction based on the share price (in this case, R85.63 per full share). This ensures you get fair value for your entire shareholding without the complexity of owning partial shares.