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Directors dealings, introduction of strategic BBBEE partner, disclosure of acquisition and disposal of securities
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”)
DIRECTORS DEALINGS, INTRODUCTION OF STRATEGIC BBBEE PARTNER, DISCLOSURE OF
ACQUISITION AND DISPOSAL OF SECURTIES
Insimbi shareholders are advised that the four founding executive directors of Insimbi have, as part of
a broader strategic BBBEE initiative, sold equal portions of their shareholding in the Company to New
Seasons Investment Holdings Proprietary Limited (“New Seasons”). New Seasons is an established
black owned and managed investment holding company with a diverse portfolio of investments and is
a level 1 BBBEE contributor.
The sale by the founding executive directors of 52 million shares, equivalent to 20% of the issued
share capital of the Company as detailed below, was concluded at a discount of approximately 40%
to the 30 day VWAP of Insimbi as at 31 May 2016 and supports the founding directors commitment to
BBBEE and responsible corporate citizenship.
This sale, combined with the recent EmployeeCo and ManCo Transactions announced on SENS on 1
March 2016 will result in a broad based black ownership in Insimbi, of over 28%.
As a result of the disclosure above, in compliance with paragraphs 3.63 – 3.74 of the Listings
Requirements of the JSE Limited (“the Listings Requirements”), the following information is disclosed:
Name of director: Colin Botha
Date of transaction: 7 June 2016
Price per share: 68 cents
Number of shares: 13,000,000
Total value: R 8,840,000
Class of securities: Ordinary shares
Nature of transaction: Sale (Off market transaction)
Nature of interest: Direct Beneficial
Clearance to deal obtained: Yes
Name of director: Pieter Schutte
Date of transaction: 7 June 2016
Price per share: 68 cents
Number of shares: 13,000,000
Total value: R 8,840,000
Class of securities: Ordinary shares
Nature of transaction: Sale (Off market transaction)
Nature of interest: Direct Beneficial
Clearance to deal obtained: Yes
Name of director: Frederik Botha
Date of transaction: 7 June 2016
Price per share: 68 cents
Number of shares: 13,000,000
Total value: R 8,840,000
Class of securities: Ordinary shares
Nature of transaction: Sale (Off market transaction)
Nature of interest: Direct Beneficial
Clearance to deal obtained: Yes
Name of director: Eduard Liechti
Date of transaction: 7 June 2016
Price per share: 68 cents
Number of shares: 13,000,000
Total value: R 8,840,000
Class of securities: Ordinary shares
Nature of transaction: Sale (Off market transaction)
Nature of interest: Direct Beneficial
Clearance to deal obtained: Yes
DISCLOSURE OF DISPOSAL OF SECURITIES
In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008 as amended (“the Act”)
and paragraph 3.83(b) of the Listings Requirements, shareholders are hereby advised that the
Company has received formal notification in the prescribed form that the below mentioned directors of
the Company have each disposed of 13,000,000 shares of the Company such that the total interest in
the securities of the Company held by the directors has declined by 20% and now amounts to 49.40%
of Insimbi as follows:
Name of director Director’s interest after the disposal
Colin Botha 12.33%
Pieter Schutte 12.38%
Frederik Botha 12.36%
Eduard Liechti 12.33%
Total 49.40%
DISCLOSURE OF ACQUISITION OF SECURITIES
In accordance with section 122(3)(b) of the Companies Act No. 71 of 2008 as amended (“the Act”)
and paragraph 3.83(b) of the Listings Requirements, shareholders are hereby advised that the
Company has received formal notification in the prescribed form that New Seasons has acquired an
interest in the securities of the Company such that the total interest in the securities of the Company
held by New Seasons amounts to 20% of the total issued securities of that class in the share capital
of the Company.
Johannesburg
8 June 2016
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 08/06/2016 09:00:00 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.
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