Wrap Text
Notice of General Meeting and distribution of Scheme circular
BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/013247/06)
(Share Code: BIK ISIN Code: ZAE000101945)
(“Brikor” or “the Company” or “the Group”)
Notice of General Meeting and distribution of Scheme circular
Shareholders are referred to the cautionary announcement dated 27 May 2026 and the Firm
Intention Announcement, released by Brikor on SENS on 26 June 2026 and are advised that the
circular including a notice of General Meeting (“GM”) was distributed today.
1) SALIENT DETAILS FOR THE GM:
ISSUER NAME Brikor Limited
TYPE OF INSTRUMENT Ordinary Shares
ISIN NUMBER ZAE000101945
JSE CODE BIK
MEETING TYPE General Meeting
Brikor Limited, Plant 1 Boardroom, 1
MEETING VENUE Marievale Road, Vorsterskroon, Nigel
WEBSITE LINK www.brikor.co.za
Record date for Brikor Shareholders to be
recorded in the Register in order to receive the
Circular Friday, 28 August 2026
Circular distributed to Brikor Shareholders and
notice convening the General Meeting
released on SENS on Monday, 7 September 2026
Last day to trade in Brikor Shares in order to
be recorded in the Register to vote at the
General Meeting on Tuesday, 29 September 2026
Record date for Brikor Shareholders to be
recorded in the Register in order to be eligible
to attend and participate in the General
Meeting and to vote thereat, by close of trade
on Friday, 2 October 2026
For administrative purposes, Forms of Proxy
(yellow) in respect of the General Meeting to
be lodged at the Transfer Secretaries by 10:00
on Wednesday, 7 October 2026
General Meeting to be held at 10:00 on Friday, 9 October 2026
Results of the General Meeting released on
SENS on Friday, 9 October 2026
If the Scheme is approved by Shareholders at
the General Meeting
Last date for Shareholders who voted against
the Scheme Special Resolution to require
Brikor to seek Court approval for the Scheme
Special Resolution in terms of section 115(3)
of the Companies Act, if the Scheme Special
Resolution was opposed by at least 15%
(fifteen percent) of the total voting rights that
were exercised thereon Friday, 16 October 2026
Last day for Shareholders who voted against
the Scheme Special Resolution to apply to
Court for leave to apply for a review of the
Scheme Special Resolution in terms of
section 115(3)(b) of the Companies Act on Friday, 23 October 2026
Last date for Brikor to send objecting
Shareholders notices of adoption of the
Scheme Special Resolution in accordance
with section 164(4) of the Companies Act Friday, 23 October 2026
Last day for Dissenting Shareholders, by
reason of the adoption of the Scheme Special
Resolution to make a demand to Brikor that
Brikor pay such Dissenting Shareholders the
fair value of all Brikor Shares held by them, in
terms of section 164(7) of the Companies Act
on Friday, 30 October 2026
The following dates assume that all the
Scheme Conditions are fulfilled or, where
applicable, waived and that neither Court
approval nor the review of the Scheme Special
Resolution is required and will be confirmed in
the finalisation announcement:
Expected date on which the Scheme is
declared wholly unconditional and TRP
clearance certificate received Friday, 6 November 2026
Scheme Finalisation Date announcement
expected to be released on SENS by 11:00 Friday, 6 November 2026
Scheme Last Day to Trade expected to be on Tuesday, 17 November 2026
Trading in Brikor Shares on the JSE
suspended from commencement of trade
expected to be on Wednesday, 18 November 2026
Scheme Consideration Record Date, being the
date on which Scheme Participants must be
recorded in the Register in order to be eligible
to receive the Scheme Consideration, by close
of business on Friday, 20 November 2026
Expected Operative Date Monday, 23 November 2026
Scheme Consideration to be settled by
electronic funds transfer to Scheme
Participants who hold Certificated Shares who
have lodged their Form of Surrender and
Transfer (white) with the Transfer Secretaries
on or prior to 12:00 on the Scheme
Consideration Record Date Monday, 23 November 2026
Scheme Participants who hold Dematerialised
Shares will have their accounts with their
CSDP or Broker credited with the Scheme
Consideration on Monday, 23 November 2026
Expected termination of listing of Brikor
Shares on the JSE at commencement of trade
expected to be on Tuesday, 24 November 2026
2) SALIENT FEATURES OF THE SCHEME:
2.1) Subject to the Scheme becoming Operative, Scheme Participants will be paid the Scheme
Consideration for each Scheme Share held by them on the Scheme Consideration Record
Date. The total maximum Scheme Consideration is R19 746 488, being a price of 17.00
cents per Scheme Share, which reflects a premium of 32.8% to the 30-day volume weighted
average traded price of Brikor Shares on the JSE for the 30 days up to and including 26
June 2026 of 12.8 cents being the day before the date of announcement of the Firm
Intention Announcement.
2.2) The Scheme Consideration is to be discharged by Brikor from its stated capital through a
distribution that reduces Brikor's contributed tax capital. Accordingly, it is recommended that
if Scheme Participants are uncertain about the tax treatment of the sale of the Shares to
Brikor and the receipt of the Scheme Consideration, they seek appropriate advice in this
regard. Any STT (levied at a rate of 0.25%) payable in respect of the transfer of the Shares
to Brikor, will be payable by Brikor.
2.3) To the extent that the distribution of this Circular in certain jurisdictions outside of South
Africa may be restricted or prohibited by the Laws of such foreign jurisdiction, then this
Circular is deemed to have been provided for information purposes only, and neither the
Brikor Board or its advisors accept any responsibility for any failure by Brikor Shareholders
to inform themselves about, and to observe, any applicable legal requirements in any
relevant foreign jurisdiction.
3) DIRECTORS RESPONSIBILITY STATEMENT
The Independent Board:
• 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.
7 September 2026
Nigel
Designated Adviser
Exchange Sponsors
Date: 07/09/2026 03:30:00
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