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BRIKOR LIMITED - TRP compliance certificate issued

Release Date: 19/01/2024 17:18
Code(s): BIK     PDF:  
Wrap Text
TRP compliance certificate issued

BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
(Share Code: BIK ISIN Code: ZAE000101945)
("Brikor" or "the Company")

TRP compliance certificate issued

1. TRP COMPLIANCE CERTIFICATE ISSUED


   Shareholders are referred to the Firm Intention Announcement released on SENS on
   12 September 2023 ("Firm Intention Announcement") and the further announcements
   dated 16 October 2023 and 10 October 2023 in which it was advised that Nikkel Trading 392
   (Pty) Limited ("Nikkel Trading") had acquired additional Brikor shares at a price of 17 cents
   per Brikor share so that Nikkel Trading now owns 68.01% of the entire issued share capital of
   Brikor.

   In the Firm Intention Announcement shareholders were advised that as Nikkel Trading
   acquired more than 35% of the entire issued share capital of the Company, Nikkel Trading is
   required to make a mandatory offer to all the remaining shareholders of the Company
   ("Mandatory Offer") pursuant to section 123 of the Companies Act, No.71 of 2008
   ("Companies Act"), for a cash offer consideration of 17 cents per Brikor ordinary share.

  Shareholders are advised that the Mandatory Offer closed at 12:00 today, Friday,
  19 January 2024, and that the TRP has issued the compliance certificate in terms of section
  119 (4) (b) and 121(b) of the Companies Act.

  The results of the Mandatory Offer will be announced on Monday, 22 January 2024 and the
  last payment date is Monday, 22 January 2024.


2. DIRECTORS RESPONSIBILITY STATEMENT

  2.1 Nikkel Trading, insofar as the information in this Announcement relates to Nikkel Trading:
              • accepts full responsibility for the accuracy of the information contained in this
                  Announcement;
              • confirms that, to the best of its knowledge and belief, the information in this
                  Announcement is true and correct; and
              • confirms that this Announcement does not omit anything likely to affect the
                  importance of the information disclosed.

  2.2 The Brikor Independent Board, insofar as the information in this Announcement relates to
        Brikor:
              • accepts full responsibility for the accuracy of the information contained in this
                  Announcement;
              • confirms that, to the best of its knowledge and belief, the information contained
                  in this Announcement is true and correct; and
              • confirms that this Announcement does not omit anything likely to affect the
                  importance of the information disclosed.
19 January 2024
Nigel

Designated Advisor
Exchange Sponsors

Date: 19-01-2024 05:18:00
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