IVT IVTP 201302180021A
Announcement
Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
("Invicta")
ANNOUNCEMENT
Invicta is pleased to announce that its holding company for its South African operations
Humulani Investments (Pty) Ltd through its Capital Equipment Group (“CEG”), has
concluded an agreement to acquire 100% of the ordinary share capital of High Power
Equipment Africa (Pty) Ltd which holds the Hyundai earthmoving and construction
equipment and spare parts agency for South Africa and surrounding countries. The
acquisition is a strategic investment which will enable Invicta to broaden its product
offering to the plant hire, construction, quarrying and mining industries in South Africa
and Africa. The transaction has been approved by the Competition Commission. CEG
will keep the Hyundai distribution separate from its other related equipment operations.
Hyundai has proved its quality and competitiveness over the years and it’s technically
qualities are well suited for the African environment and will continue to make significant
inroads into the higher tonnage excavator market. The transaction falls below the
threshold of the categorisation of transactions which require disclosure in terms of the
JSE Limited’s Listings Requirements. Nevertheless, due to the key fit of this acquisition,
the directors of Invicta deemed it appropriate to inform shareholders of the transaction.
Cape Town
18 February 2013
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1996/000034/07)
Date: 18/02/2013 01:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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