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AFRIMAT LIMITED - Cautionary announcement

Release Date: 08/04/2019 08:25
Code(s): AFT     PDF:  
Wrap Text
Cautionary announcement

Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(“Afrimat” or “the Company”)


In line with Afrimat’s strategy of diversification, shareholders are advised that the Company has made a
non-binding indicative offer (“NBIO”) to purchase the entire issued share capital of Universal Coal plc
(“Universal”), a company listed on the Australian stock exchange, with operations in South Africa, for a
maximum purchase price of A$0.40 for each Universal share held. The NBIO is subject to various
conditions precedent, including the completion of a due diligence by the Company, the finalisation of
financing arrangements and board and shareholder approval in respect of the proposed transaction.

The Company is currently considering various financing alternatives in respect of its offer. If successfully
concluded, this may have a material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities
until a further announcement is made.

08 April 2019
Cape Town
Sponsor: Bridge Capital Advisors Proprietary Limited

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