Shareholders of ASA Limited Approve Reorganization of ASA Limited into ASA Bermuda Limited.NEW YORK -- The shareholders of ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and Limited (NYSE NYSE See: New York Stock Exchange : ASA), a closed-end investment company closed-end investment company: see mutual fund. , have voted to approve the reorganization whereby ASA will relocate from the Republic of South Africa to the Commonwealth of Bermuda by reorganizing itself into a newly formed company in Bermuda, ASA (Bermuda) Limited ("ASAB"). ASA's reorganization remains subject to a number of conditions, including (1) receiving approval to list the shares of ASAB on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and (2) satisfying certain other regulatory requirements. No assurance can be given that these conditions will be satisfied. FORWARD-LOOKING STATEMENTS This press release contains "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. By their nature, all forward-looking statements involve risks and uncertainties, and actual results could differ from those contemplated by the forward-looking statements. |
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