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INVICTA HOLDINGS LIMITED - Results of the Odd-lot Offer

Release Date: 07/08/2023 10:45
Code(s): IVT IVTP     PDF:  
Wrap Text
Results of the Odd-lot Offer

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
JSE ordinary Share code: IVT ordinary Share ISIN ZAE000029773
JSE preference Share code: IVTP preference Share ISIN: ZAE000173399
A2X ordinary share code: IVTJ
A2X preference share code: IVTPJ
(“Invicta” or the “Company”)


RESULTS OF THE ODD-LOT OFFER


1. Introduction

   1.1. Invicta ordinary shareholders (“Shareholders”) are referred to the circular containing details of the odd-
        lot offer (“Odd-lot Offer”) that was distributed to Shareholders on Monday, 5 June 2023 (“Circular”).
   1.2. Shareholders are further referred to the finalisation announcement that was released on SENS on
        Tuesday, 25 July 2023, containing the Odd-lot Offer Price and confirming that the Odd-lot Offer was
        unconditional and accordingly would be implemented in accordance with its terms.
   1.3. Capitalised terms used herein that are not otherwise defined, bear the meanings ascribed to them in the
        Circular.

2. Results of the Odd-lot Offer

   2.1. Shareholders are advised that the Odd-lot Offer closed at 12:00 (South African Standard Time) on Friday,
        4 August 2023 and the results thereof are as follows:

                        Number of Shares           Number of Shares               Number of              Total number of
                             retained by           sold by election          Shares sold by           Shares repurchased
                                election                                   default election 1        by Invicta pursuant
                                                                                                    to the Odd-lot Offer

   Certificated                        0                         0                    9 513                        9 513
     
   Dematerialised                  3 985                    22 930                    5 058                       27 988
   
   Total                           3 985                    22 930                   14 571                       37 501
   
        Note:
        1. In terms of the Odd-Lot Offer, Odd-lot Holders who did not make an election were automatically regarded as having
        disposed of their Odd-lot Holdings to the Company.

   2.2. Invicta repurchased a total of 37 501 Shares, representing 0.04% of the total issued ordinary share capital
        of Invicta for a total consideration of R1 118 649.
   2.3. The Shares repurchased by Invicta in terms of the Odd-lot Offer will be held in treasury, resulting in a
        total of 1 169 469 Shares being held in treasury as at the date of this announcement.

3. Payment of the Odd-lot Consideration

   3.1. Dematerialised Odd-lot Holders who have accepted the Odd-lot Offer or who have made no election will
        have their accounts held at their CSDP or broker credited with the Odd-lot Consideration today, Monday,
        7 August 2023.
   3.2. Payments of the Odd-lot Consideration to Certificated Odd-lot Holders who have accepted the Odd-lot
        Offer or who have made no election will also be made today, Monday, 7 August 2023, by way of an
        electronic funds transfer into the Shareholder’s bank account.


 Johannesburg
 7 August 2023

 Investment Bank, Corporate Advisor and Sponsor
 Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 07-08-2023 10:45:00
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