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INSIMBI INDUSTRIAL HOLDINGS LIMITED - Finalisation Announcement in relation to The Specific Repurchase of Shares and Category Two Disposals

Release Date: 19/08/2024 09:35
Code(s): ISB     PDF:  
Wrap Text
Finalisation Announcement in relation to The Specific Repurchase of Shares and Category Two Disposals

INSIMBI INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
("Insimbi" or "the Company")


FINALISATION ANNOUNCEMENT IN RELATION TO THE SPECIFIC REPURCHASE OF SHARES AND
CATEGORY TWO DISPOSALS


Unless expressly defined, capitalised terms herein have the same meaning given to them in the Circular.


INTRODUCTION

Shareholders are referred to the various announcements released by the Company on SENS and the
Circular to Shareholders dated and distributed on 11 July 2024, advising shareholders of the repurchase of
a number of listed ordinary issued Insimbi shares and the disposal of certain business assets owned by its
subsidiaries.


FULFILMENT OF TRANSACTION CONDITIONS

The Company is pleased to advise Shareholders that all Conditions Precedent to the Transaction, as listed
in the Circular, have been fulfilled and that the Transaction has therefore become unconditional.

Shareholders are advised that, on 16 August 2024, the TRP issued a compliance certificate in terms of
section 119(4)(b) read with section 121(b) of the Companies Act in respect of the Repurchases.


SALIENT DATES AND TIMES

The Repurchase will be implemented in accordance with their terms and the salient dates and times set out
below:
                                                                                                         2024

 Compliance certificate received from the TRP on                                            Friday, 16 August

 Finalisation announcement released on SENS on                                              Monday, 19 August

 Expected implementation and settlement date of the Repurchases on or about               Thursday, 22 August

 Delisting application letter lodged with the JSE for the delisting of the                Thursday, 22 August
 Repurchase Shares on or about

 Expected termination of listing of Repurchase Shares at the commencement of                Friday, 23 August
 trading on or about


RESPONSIBILITY STATEMENTS

The Independent Board, collectively and individually, accept responsibility for the accuracy of the information
given in this announcement and certify that, to the best of their knowledge and belief, the information
contained in this announcement is true, that no facts have been omitted which would make any statement in
this announcement false or misleading, that all reasonable enquiries to ascertain such facts have been made
and that this announcement contains all information required by law, the Companies Act, the Regulations,
and the JSE Listings Requirements.

The Board collectively and individually accept full responsibility for the accuracy of the information given and
certify that to the best of their knowledge and belief there are no facts that have been omitted which would
make any statement false or misleading, and that all reasonable enquiries to ascertain such facts have been
made and that this announcement contains all information required by law the Companies Act, the
Regulations and the JSE Listings Requirements.


Johannesburg
19 August 2024

Transaction Advisor and Sponsor
PSG Capital

Date: 19-08-2024 09:35:00
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