ARGENT INDUSTRIAL LIMITED - Conclusion of Acquisition of Fuel Proof Limited and Roll-Tec Safety Limited

Conclusion of Acquisition of Fuel Proof Limited and Roll-Tec Safety Limited

ARGENT INDUSTRIAL LIMITED
(Registration number 1993/002054/06)
(Incorporated in the Republic of South Africa)
Share Code: ART
ISIN: ZAE000019188
(“Argent” or “the Company”)

CONCLUSION OF ACQUISITION OF FUEL PROOF LIMITED AND ROLL-TEC SAFETY
LIMITED

Shareholders are referred to the announcement released by Argent on 20 February 2018
wherein it was announced that the Company had entered into an agreement to acquire the
entire share capital of Fuel Proof Limited and Roll-Tec Safety Limited for a cash purchase
consideration of GBP 4 600 000, subject to the fulfilment of certain conditions precedent (“the
Transaction”).

In terms of the Transaction agreement, the purchase consideration will be recalculated
twenty-four months after the effective date in that it will either reduce to a minimum of GBP 4
080 000 or increase to a maximum of GBP 6 million.

The Company is pleased to advise shareholders that all conditions precedent to the
Transaction have been fulfilled and the Transaction has been successfully concluded.

Umhlanga
26 June 2018

Sponsor
PSG Capital

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