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Update on the acquisition of immovable property and withdrawal of cautionary announcement
Imbalie Beauty Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2003/025374/06)
(Share Code: ILE ISIN: ZAE000165239)
(“Imbalie” or “the company”)
UPDATE ON THE ACQUISITION OF IMMOVABLE PROPERTY AND WITHDRAWAL OF CAUTIONARY
ANNOUNCEMENT
Shareholders are referred to the announcements dated 4 April 2016 and 30 June 2016 regarding the
acquisition of the immovable property described as 23 Saddle Drive, Woodmead Office Park,
Woodmead, Gauteng (“the Property”) from Policy Property Holdings Two (Proprietary) Limited.
1. Independent valuation
An independent professional property valuer has provided the company with a valuation indicating an
open market value of R13 500 000 as at 3 May 2016 for the Property.
2. Finance arrangements
The company has secured a loan secured by a mortgage bond over the Property on commercial terms
from ABSA Bank to the value of R8 500 000.
3. Profits
The Property has not made any profits as it has been unoccupied for the year up to the acquisition by
Imbalie.
4. Withdrawal of cautionary
Shareholders are advised that caution is no longer required to be exercised when dealing in the
company’s securities.
29 July 2016
Woodmead
Designated Advisor
Exchange Sponsors
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