ILIAD AFRICA LIMITED - Postponement of Finalisation Announcement

Release Date: 24/11/2015 14:00
Code(s): ILA
 
Wrap Text
Postponement of Finalisation Announcement

Iliad Africa Limited
Incorporated in the Republic of South Africa
(Registration number 1997/011938/06)
Share Code: ILA ISIN: ZAE000015038
(“Iliad” or “the Company”)

POSTPONEMENT OF FINALISATION ANNOUNCEMENT

Iliad shareholders are referred to the announcement released on SENS on Tuesday, 29 September 2015
advising that the cash offer by Steinhoff International Holdings Limited to acquire all the issued shares of
Iliad by way of a scheme of arrangement in terms of section 114 of the Companies Act 71 of 2008, as
amended, (the “Scheme”) was approved by the requisite majority of Iliad shareholders.

Iliad shareholders are advised that certain conditions precedent pertaining to the Scheme have not yet
been fulfilled or waived and, accordingly, Iliad will not be in a position to publish a finalisation
announcement today, as envisaged in the circular posted to shareholders. As a result the timetable set out
in the circular will no longer apply and Iliad shareholders will be advised of the revised timetable once all
the conditions precedent attendant on the Scheme have been fulfilled.

INDEPENDENT BOARD RESPONSIBILITY STATEMENT

The Independent Board of Iliad accept responsibility for the information contained in this announcement,
and to the best of their respective knowledge and belief, confirm that the information is true and, where
appropriate, this announcement does not omit anything likely to affect the importance of the information
included.

Johannesburg
24 November 2015
Sponsor and Corporate Advisor to Iliad: Bridge Capital Advisors Proprietary Limited

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