TORRE INDUSTRIES LIMITED - Renewal of cautionary announcement regarding the proposed delisting of Torre

Release Date: 20/08/2018 09:00
Code(s): TOR
 
Wrap Text
Renewal of cautionary announcement regarding the proposed delisting of Torre

Torre Industries Limited
(Incorporated in the Republic of South Africa)
(Registration number 2012/144604/06)
Share Code: TOR
ISIN: ZAE000188629
(“Torre” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT REGARDING THE PROPOSED DELISTING OF TORRE

Shareholders are referred to the cautionary announcement published on the Stock Exchange News
Service on 9 July 2018 which detailed the basis on which the Torre board (“Board”) resolved to
proceed with the delisting of the Company from the JSE (“Proposed Delisting”).

As noted therein, Torre intends to offer Torre shareholders the option to either elect to retain
some or all of their shares post the Proposed Delisting or to accept a cash offer and sell some or
all of their shares.

The Board, together with the established independent delisting committee, continues to finalise
the terms of the Proposed Delisting.

A detailed terms announcement will be published on SENS and in the press in due course and will
include the salient dates relating to the above.

The Proposed Delisting may have a material effect on the price of Torre’s securities and,
accordingly, shareholders are advised to continue to exercise caution when dealing in their Torre
securities until the terms announcement is made and the cautionary announcement is withdrawn.

Johannesburg
20 August 2018

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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