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BRIMSTONE INVESTMENT CORPORATION LIMITED - Renewal of cautionary announcement

Release Date: 05/06/2019 15:14
Code(s): BRT BRN     PDF:  
Wrap Text
Renewal of cautionary announcement

BRIMSTONE INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1995/010442/06
Share Code: BRT ISIN: ZAE000015277
Share Code: BRN ISIN: ZAE000015285
(“Brimstone” or the “Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcements released by Brimstone on the Stock Exchange News Service of the
JSE Limited on 4 February, 7 February, 22 March, 12 April and 18 April 2019, in relation to Brimstone’s participation in,
and subsequent exit from, the Clover Industries Limited (“Clover”) transaction (the “Clover Transaction”). Brimstone
noted in the announcement dated 12 April 2019 (“Withdrawal Announcement”) that it is currently in advanced
negotiations with a potential Replacement B-BBEE Shareholder (as such term is defined in the Withdrawal
Announcement) which, if successful, could result in Brimstone exiting its entire indirect shareholding in Clover before
31 December 2019. Until such time as Brimstone announces the conclusion of an agreement/s to give effect to the
Replacement B-BBEE Shareholder acquiring Brimstone’s entire indirect shareholding in Clover, Brimstone shareholders
are advised to continue to exercise caution when dealing in the Company’s securities.

Cape Town

5 June 2019

Investment Bank, Corporate Advisor and Sponsor to Brimstone
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Legal Advisor to Brimstone
Bernadt Vukic Potash and Getz Attorneys

Date: 05/06/2019 03:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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