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Further Announcement: Polydrum Proprietary Limited Acquisition
Insimbi Refractory and Alloy Supplies Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “the Company”)
FURTHER ANNOUNCEMENT: POLYDRUM PROPRIETARY LIMITED ACQUISITION
Shareholders are referred to the announcement made on SENS on 09 July 2015 (“Initial
Announcement”) regarding the acquisition by the Company of Polydrum Proprietary Limited (“the
Acquisition’).
The Company wishes to advise shareholders that section 1.9 of the Initial Announcement stating that
all conditions precedent relating to the Acquisition had been met, was not correct. Accordingly
shareholders are advised that there remains one outstanding condition precedent prior to finalising
the Acquisition:
• an exemption from the Takeover Regulation Panel (“TRP”) for the Acquisition to be exempted
from the application of the provisions of Part B and Part C of the Companies Act and the
Takeover Regulations or, to the extent that such exemption cannot be obtained, the approval
of the TRP being obtained for the implementation of the Acquisition;
The Company is confident that this condition precedent will be met timeously.
Johannesburg
27 July 2015
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 27/07/2015 05:15:00 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.
