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Results of the Unconditional Mandatory Offer by Afrimat Limited to Infrasors Holdings Limited Minority Shareholders
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)
RESULTS OF THE UNCONDITIONAL MANDATORY OFFER MADE BY AFRIMAT LIMITED TO
INFRASORS HOLDINGS LIMITED MINORITY SHAREHOLDERS
In an announcement published on the Securities Exchange News Service (“SENS”) of the JSE Limited
(“JSE”) on 7 June 2013, shareholders of Infrasors were referred to the announcement released on SENS
on 5 March 2013 and the unconditional mandatory offer circular posted on 22 April 2013, whereby Afrimat
Limited (“Afrimat” or “the Offeror”) extended a mandatory offer to the remaining Infrasors shareholders to
acquire the ordinary shares held by Infrasors shareholders other than Afrimat for a consideration of 35
cents per share (“the Initial Offer Consideration”) (the “Initial Offer”) and were notified that Afrimat has
increased the offer consideration to 65 cents per ordinary share (“the Revised Offer Consideration”) (“the
Revised Offer”).
The aforementioned Unconditional Mandatory Offer closed at 12h00 on Friday, 5 July 2013 and
shareholders are hereby advised that in terms of the Unconditional Mandatory Offer, Afrimat received
acceptances from Infrasors ordinary shareholders holding 8 219 715 Infrasors ordinary shares,
constituting approximately 4.5% of the issued ordinary shares in Infrasors. Prior to the Unconditional
Mandatory Offer, Afrimat held, directly and indirectly, 94 171 108 Infrasors ordinary shares, constituting
approximately 50.7% of the issued ordinary shares in Infrasors. As a result of the Unconditional
Mandatory Offer, Afrimat has increased its shareholding in Infrasors to approximately 55.2% of the issued
ordinary shares in Infrasors
Further to the aforesaid acceptances from Infrasors ordinary shareholders, Afrimat acquired another
6 198 132 Infrasors ordinary shares in the open market at a value of 65 cents per share constituting
approximately 3.3% of the issued ordinary shares in Infrasors. Therefore this brings Afrimat’s total
shareholding in Infrasors to approximately 58.5% of the issue ordinary shares in Infrasors.
Cape Town
8 July 2013
Sponsor and Corporate Advisor to Afrimat: Bridge Capital Advisors (Pty) Limited
Date: 08/07/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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