JSE listing to be terminated

THE JSE listing of building material firm Infrasors is to be suspended on October 5 and its listing terminated on October 13. This follows the approval by shareholders of the delisting of the company at a general meeting on August 27. A special resolution – relating to an offer by listed open-pit mining and materials group Afrimat to acquire the remaining shares in Infrasors it did not already own, for R1.35 a share, through a scheme of arrangement – was not passed by the required majority of shareholders eligible to vote at the general meeting. – Roy Cokayne