Company Overview of Beige Holdings Limited.
Beige Holdings Limited, through its subsidiaries, engages in the contract and packaging manufacturing of household cleaning, personal care and toiletry, herbal, homeopathic, and pharmaceutical products. It operates through two segments, Outsource Manufacturing and Packaging. The company offers homecare products, including laundry powders and liquids, laundry bars, bleach, dishwashing liquids, oven and kitchen cleaners, household cleaners, disinfectants, and room sprays; and face, hands and nail, body, hair, legs and feet, oral, baby, and ethnic hair care products, as well as bath and shower products, soaps, cosmetics, and men’s grooming products. It also manufactures herbal, homeopathic, and...
5 Brine Road
Chloorkop Ext 1
Kempton Park, 1620
Key Executives for Beige Holdings Limited.
Executive Chairman, Chief Executive Officer, Chairman of Remuneration Committee, Member of Audit Committee, Member of Social & Ethics Committee and Member of Risk Committee
Compensation as of Fiscal Year 2016.
Beige Holdings Limited. Key Developments
Suspension Of Listing Of Beige Shares On JSE Expected On September 21, 2016
Aug 24 16
The board of directors of Beige Holdings Limited has received a firm intention offer from The Lion Match Company (Offeror) to acquire all Beige ordinary shares that the Offeror does not already own, to be implemented by means of a scheme of arrangement in terms of section 114 of the Companies Act, 2008 (the Offer). Shareholders are also referred to the circular dated 20 July 2016, setting out the terms and conditions of the Offer and details of the Scheme (Circular). Shareholders are advised that at the Scheme Meeting of Beige shareholders held on 24 August 2016, the special and ordinary resolutions were approved by the requisite majority of shareholders present and represented by proxy and eligible to vote. Shareholders should note that the implementation of the Scheme remains conditional upon the fulfilment of certain conditions precedent as detailed in the Circular. Further announcements will be released once the remaining conditions precedent have been fulfilled. If the Scheme is approved by Beige Shareholders at the Scheme Meeting with sufficient voting rights such that no Shareholder may require the Company to obtain Court approval for the Scheme as contemplated in section 115(3)(a) of the Companies Act. Suspension of listing of Beige Shares on the Johannesburg Stock Exchange (JSE) expected to take place at the commencement of trade on 21 September, 2016. Expected Implementation Date of the Scheme: 26 September, 2016. Expected termination of listing of Beige Shares at commencement of trade on the JSE: 27 September, 2016.
Beige Holdings Limited., Special/Extraordinary Shareholders Meeting, Aug 24, 2016
Jul 27 16
Beige Holdings Limited., Special/Extraordinary Shareholders Meeting, Aug 24, 2016, at 10:00 South Africa Standard Time. Location: offices of the Offeror 20 Mahatma Gandhi Road, Point Durban South Africa
Beige Holdings Limited To Be Delisted From JSE On Completion Of Proposed Transaction
Jul 12 16
Beige Holdings Limited announced that on June 21, 2016 the Board of Directors of Beige was advised of a firm intention offer by The Lion Match Company Proprietary Limited (offeror), which was subject to the provision of a bank guarantee (firm intention) from the offeror to acquire all Beige ordinary shares that the offeror does not already own, (offer or proposed transaction). The bank guarantee was provided to the company on July 11, 2016. The firm intention to pursue the proposed transaction will be implemented by means of a scheme of arrangement in terms of section 114 of the Companies Act, 2008 (scheme). Beige is no longer suitable for listing due to the tough trading conditions over recent years and the resultant substantial losses being incurred by the group. In addition, the turnaround strategy is taking longer than expected given the continued depressed economic environment. The listing fees and associated costs of being a listed entity outweigh the current benefits of being listed and Beige does not currently have an acquisition strategy, given market conditions. On completion of the proposed transaction, Beige will be delisted from the JSE. The scheme circular relating to the proposed transaction incorporating the terms of the scheme, a notice of scheme meeting and a form of proxy will be posted to Beige shareholders on or around July 20, 2016. The salient dates and times in relation to the scheme will be published on the date of posting the scheme circular and will also be contained in the scheme circular to Beige shareholders relating to the scheme.
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