BUILDMAX LIMITED - Voluntary announcement

Release Date: 20/12/2017 07:29
Code(s): BDM
 
Wrap Text
Voluntary announcement

BUILDMAX LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
(“Buildmax”)


VOLUNTARY ANNOUNCEMENT


Buildmax shareholders are advised that Diesel Power Opencast Mining Proprietary Limited
(“Diesel Power”), the main operating subsidiary of Buildmax, has exercised its right to terminate
its agreement with Sibanye Stillwater Limited for materials handling, crushing, screening and
transportation at Kloof in Westonaria, which commenced in January 2015.

A process in terms of section 189 of the Labour Relations Act will be undertaken in relation to
affected employees, and it is anticipated that Diesel Power will be off site by 15 March 2018.

Benoni
20 December 2017


Sponsor to Buildmax
Sasfin Capital (a member of the Sasfin group)

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