AFT
AFT
AFT - Afrimat Limited - Finalisation Announcement - Acquisition by Afrimat
Limited of The Clinker Group
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
("Afrimat" or "the Company")
FINALISATION ANNOUNCEMENT - ACQUISITION BY AFRIMAT LIMITED OF THE CLINKER GROUP
Shareholders are referred to the SENS announcements on 12 December 2011 and 7
March 2012, regarding Afrimat entering into an agreement to acquire 100% of the
issued ordinary share capital of S.A. Block (Pty) Limited and its 100% owned
subsidiary Clinker Supplies (Pty) Limited (jointly referred to as the "Clinker
Group" or "Group") ("the Transaction").
Shareholders are hereby advised that all the closing date administrative matters
have been finalised and the Transaction is now unconditional.
Afrimat is excited about the scale of the potential opportunity of this
acquisition, with Afrimat and the Clinker Group having complementary and
supplementary strengths. Leveraging these combined strengths will result in new
revenue opportunities as well as increased profitability, in line with its long
term diversifications strategy.
Johannesburg
15 March 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Date: 15/03/2012 16:37:14 Produced by the JSE SENS Department.
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