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INVICTA HOLDINGS LIMITED - Further Voluntary Announcement Regarding The Completion Of The Driveshaft Parts Group Acquisition

Release Date: 04/03/2019 09:11
Code(s): IVT IVTP     PDF:  
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Further Voluntary Announcement Regarding The Completion Of The Driveshaft Parts Group Acquisition

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
("Invicta" or “the Company”)

FURTHER VOLUNTARY ANNOUNCEMENT REGARDING THE COMPLETION OF THE DRIVESHAFT
PARTS GROUP ACQUISITION

Shareholders are referred to Invicta’s SENS announcement of 6 December 2018 regarding the
entering into of an agreement to acquire the entire issued share capital of the Driveshaft Parts
Group of companies (the “Acquisition”).

Invicta is pleased to announce that its subsidiary, Maroblox (Proprietary) Limited (trading as
Autobax) which forms part of Invicta’s Engineering Solutions Group (ESG), has completed the
Acquisition.

The Driveshaft Parts Group is headquartered in Johannesburg, South Africa. It has a strong national
footprint in South Africa and is one of the biggest suppliers of automotive solutions in Central and
Eastern Europe. Invicta believes the Acquisition will realise valuable synergies which will contribute
to its leading position in the automotive and power transmission component industry. The
Acquisition also underscores Invicta’s strategy of growing its core businesses and diversifying its
businesses geographically.

In terms of the JSE Limited's Listings Requirements’ categorisation rules for transactions, the
Acquisition falls below the threshold for announcement on SENS. Nevertheless, the board of Invicta
deems it appropriate to inform its various stakeholders of the Acquisition.



Company Secretary

Lize Dubery

Cape Town

4 March 2019

Sponsor: Deloitte & Touche Sponsor Services (Pty) Ltd

Date: 04/03/2019 09:11:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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