36ONE acquires 5.37% beneficial interest in AECI

AECI Limited (JSE:AFE) announced today that 36ONE Asset Management has acquired a beneficial interest in the company's ordinary securities. The acquisition triggers disclosure requirements under Section 122(3)(b) of the Companies Act, as amended. According to the announcement, 36ONE now holds a 5.37% beneficial interest in the total issued ordinary share capital of AECI. AECI has stated that it will file the required notice with the Takeover Regulation Panel and the Companies and Intellectual Property Commission, as stipulated under Sections 122(3)(a) and 122(3A) of the Companies Act. The AECI board has confirmed the accuracy and completeness of the information provided in the announcement. The announcement is dated 4 March 2025. One Capital acted as Equity Sponsor, and Questco Corporate Advisory acted as Debt Sponsor.