Conclusion of Agreement Re Share Purchase between I A Bell and John Deere and withdrawal of cautionary announcement
BELL EQUIPMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/013656/06
Share code: BEL
("Bell Equipment" or “the Company”)
CONCLUSION OF AGREEMENT RE SHARE PURCHASE BETWEEN I A
BELL & COMPANY (PTY) LTD (“I A BELL”) AND JOHN DEERE
CONSTRUCTION & FORESTRY COMPANY (“JOHN DEERE”) AND
WITHDRAWAL OF CAUTIONARY ANNNOUNCEMENT
Shareholders are referred to the renewal of the cautionary
announcement released on SENS on 19 October 2020 relating to the
notification of a non-binding memorandum of understanding signed by I
A Bell, a 38.7% shareholder in the Company, and John Deere, a 31,37%
shareholder in the Company, in respect of a possible purchase of John
Deere’s shareholding in the Company by I A Bell.
The Board of the Company has been informed that a formal binding
agreement for the acquisition by I A Bell of John Deere’s shareholding
in the Company has now been concluded subject to certain conditions
Accordingly the cautionary announcement is hereby withdrawn, and thus
shareholders are no longer required to exercise caution based on the
cautionary announcement, when dealing in the Company’s securities.
06 November 2020
INVESTEC BANK LIMITED
Data Classification: Price Sensitive
Date: 06-11-2020 08:26:00
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