AFT
AFT
AFT - Afrimat Limited - Acquisition of Scottburgh Quarries
Afrimat Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022534/06)
Share code: AFT & ISIN: ZAE000086302
("Afrimat" or "the company")
ACQUISITION OF SCOTTBURGH QUARRIES
Salient features of the acquisition
This announcement appears as a matter of record only and is not required in
terms of the JSE Listings Requirements.
Shareholders are advised that Afrimat has concluded an agreement dated 6 June
2007 to acquire certain quarrying operations, block manufacturing and land
holding businesses and all activities associated therewith ("Scottburgh
quarries") with effect from 1 May 2007 ("the acquisition"). Scottburgh
quarries comprise two commercial quarries in Scottburgh and Pietermaritzburg
and a block manufacturing plant located in Scottburgh.
The acquisition is subject only to the fulfilment of certain administrative
conditions precedent.
Rationale for the acquisition
The acquisition is in line with Afrimat`s strategic objective of strengthening
its presence in key metropolitan areas and in a region where significant
growth is expected.
Johannesburg
16 July 2007
Sponsor and Corporate Advisor: Bridge Capital Advisors (Pty) Limited
Date: 16/07/2007 09:00:02 Produced by the JSE SENS Department.
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