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HULAMIN LIMITED - Update on broad-based black economic empowerment transaction (BEE Transaction)

Release Date: 30/09/2015 12:33
Code(s): HLM     PDF:  
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Update on broad-based black economic empowerment transaction (“BEE Transaction”)

HULAMIN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1940/013924/06)
Share Code: HLM
ISIN: ZAE000096210
(“Hulamin” or “the Company”)


UPDATE ON BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION (“BEE
TRANSACTION”)

Shareholders are referred to the terms announcement released on the Stock Exchange News Service
(“SENS”) on 15 December 2014, to the circular issued on 24 March 2015 and to the results of annual
general meeting announcement released on SENS on 23 April 2015, regarding the Company’s broad-based
BEE Transaction, following the maturing of the 2007 BEE Transaction.

It was further reported, in the Hulamin’s interim results announcement released on SENS on 27 July 2015,
that implementation of the BEE Transaction remained subject to fulfilment of certain conditions precedent
and was expected to be implemented during the third quarter of 2015.

Shareholders are advised that the confirmation of the requisite BEE credentials of the BEE SPV, whilst in
progress, is not yet complete. Hulamin is engaging with the relevant parties to achieve fulfilment of this
condition precedent as soon as possible.

Pietermaritzburg
30 September 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)




 

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