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IPL - Imperial Holdings Limited - Fulfillment of conditions precedent in respect

Release Date: 23/12/2011 09:57
Code(s): IPL
Wrap Text

IPL - Imperial Holdings Limited - Fulfillment of conditions precedent in respect of the acquisition by imperial of 100% of the issued shares of Lehnkering Holding GMBH Imperial Holdings Limited (Incorporated in the Republic of South Africa) (Registration number 1946/021048/06) JSE share code: IPL ISIN: ZAE000067211 ("Imperial") FULFILLMENT OF CONDITIONS PRECEDENT IN RESPECT OF THE ACQUISITION BY IMPERIAL OF 100% OF THE ISSUED SHARES OF LEHNKERING HOLDING GMBH ("LEHNKERING" OR "THE COMPANY") Fulfilment of Conditions Precedent Shareholders were informed on 30 September 2011 that Imperial had entered into an agreement, through its wholly owned subsidiary Imperial Mobility Deutschland GmbH & Co KG, to acquire 100% of the issued share capital of Lehnkering, a company incorporated in Germany from Lukas Sweden AB (a subsidiary of Triton) and management ("the vendors"), subject to the fulfilment of certain conditions precedent. Imperial is pleased to confirm that the transaction has been approved by the European Competition Commission and further that approval under the German Foreign Trade Act has been obtained. The transaction has therefore become unconditional and the acquisition now becomes effective as from 2nd January 2012. 23 December 2011 Sponsor Merrill Lynch South Africa (Pty) Limited Date: 23/12/2011 09:57:09 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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