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INSIMBI REFRACTORY & ALLOY SUP LIMITED - Update on the Acquisition by Insimbi of the AMR Group

Release Date: 23/11/2016 12:32
Code(s): ISB     PDF:  
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Update on the Acquisition by Insimbi of the AMR Group

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”)

UPDATE ON THE ACQUISITION BY INSIMBI OF THE AMR GROUP

Shareholders are referred to the SENS announcements regarding the acquisition by Insimbi of the
AMR Group (“the Transaction”), the latest of which being 16 November 2016, whereby shareholders
were advised that the Transaction was unconditionally approved by the Competition Commission (in
terms of Chapter 3 of the Competition Act 1998).

Shareholders are further advised that funders have confirmed their support for the senior debt funding
on terms that are not materially different to that disclosed in the circular to shareholders posted to
shareholders on Monday, 7 November 2016.

Insimbi shareholders are reminded of the shareholders meeting scheduled for Monday, 5 December
2016 at 14:00 where approval for the Transaction will be sought. Shareholders are also reminded that
expressions of interest to participate in the vendor placement must be submitted by Friday 2,
December 2016. Shareholders are advised to contact Bridge Capital Advisors Proprietary Limited if
they have any further queries about the vendor placement.

Wadeville
23 November 2016

Corporate Advisor and Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 23/11/2016 12:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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