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Update announcement in respect of the Imbalie Beauty partially underwritten renounceable rights offer
Imbalie Beauty Limited
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: ILE
ISIN: ZAE000165239
("Imbalie Beauty” or “the Company")
UPDATE ANNOUNCEMENT IN RESPECT OF THE IMBALIE BEAUTY PARTIALLY
UNDERWRITTEN RENOUNCEABLE RIGHTS OFFER
Shareholders are referred to the announcement released on SENS on
29 January 2018 wherein shareholders were advised that Imbalie Beauty
intends to raise R15 million by way of a partially underwritten
renounceable rights offer in terms of which Imbalie Beauty will offer
750 000 000 new ordinary no par value authorised but unissued shares
at a subscription price of 2 cents per rights share in the ratio of
118,28921 rights shares for every 100 Imbalie Beauty shares held by
shareholders at the close of business on the record date for the
rights offer, being Friday, 9 February 2018.
Shareholders are advised that there has been a delay in the approval
of the rights offer circular as a result of an administrative issue.
The finalisation announcement will be released once approval of the
circular has been received from the JSE.
1 February 2018
Woodmead
Designated Advisor
Exchange Sponsors
Date: 01/02/2018 11:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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