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INSIMBI INDUSTRIAL HOLDINGS LIMITED - Further update to shareholders relating to the acquisition of Treppo Group Proprietary Limited (Treppo)

Release Date: 15/10/2019 10:35
Code(s): ISB     PDF:  
 
Wrap Text
Further update to shareholders relating to the acquisition of Treppo Group Proprietary Limited (“Treppo”)

Insimbi Industrial Holdings Limited
 (Incorporated in the Republic of South Africa)
(Registration number: 2002/029821/06)
Share code: ISB ISIN: ZAE000116828
(“Insimbi” or “ISB” or “the Group”)

FURTHER UPDATE TO SHAREHOLDERS RELATING TO THE ACQUISITION OF TREPPO GROUP
PROPRIETARY LIMITED (“TREPPO”)

Shareholders are referred to the Category 2 announcement published on SENS on 20 June 2019 (“Cat 2
announcement”) wherein they were advised that Insimbi had extended an offer to the shareholder of Treppo,
being Texiflash Proprietary Limited (“the Transaction”) to acquire Treppo.

Shareholders are advised that unconditional Competition Commission approval has now been received, and it
is expected that the Transaction will be implemented by the end of October 2019.

Shareholders will be advised of any further developments.

Johannesburg

15 October 2019

Sponsor: Bridge Capital Advisors Proprietary Limited

Legal Advisor to Insimbi: Falcon & Hume Inc Attorneys

Date: 15/10/2019 10:35:00
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