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Update on the proposed restructure of Invicta's interests in the Kian Ann Group
Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“Invicta” or the “Company”)
UPDATE ON THE PROPOSED RESTRUCTURE OF INVICTA’S INTERESTS IN THE KIAN ANN GROUP
Invicta shareholders are referred to the announcement released on SENS on 31 May 2021 (“Terms
Announcement”) regarding the proposed disposal by the Company of an effective 51.19% shareholding in its
Singapore-based Kian Ann Group (“KAG”), leaving the Company with an effective 48.81% shareholding, and the
acquisitions by KAG of the outstanding interests in Kunshan Kensetsu Buhin Co. Ltd and Modesty Investment
Holding Pte. Ltd, such that these companies will become wholly-owned subsidiaries of KAG (“Transaction”).
The Terms Announcement stated that the Transaction amounted to a Category 1 transaction for Invicta in terms of
the JSE Listings Requirements (“Listings Requirements”), which would be subject to Invicta shareholder approval,
and that a circular would be issued in compliance with paragraph 9.20 (b) of the Listings Requirements (“Circular”).
Invicta shareholders are hereby advised that upon further analysis, Invicta, in consultation with its transaction
sponsor, has determined that the Transaction is in fact a Category 2 transaction for Invicta in terms of the Listings
Requirements. The Company confirms that this view is supported by the JSE Limited (“JSE”), which was determined
by the JSE upon conclusion of a formal request for a ruling. A Circular will therefore not be sent to shareholders
and shareholder approval of the Transaction will not be required.
Johannesburg
10 June 2021
Company Secretary:
Lize Dubery
Transaction Sponsor:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 10-06-2021 04:00:00
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