HUDACO INDUSTRIES LIMITED - Announcement regarding the Dunford group and Specialised Battery Systems CC
HDC 201312120028A
Announcement regarding the Dunford group and Specialised Battery Systems CC
HUDACO INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1985/004617/06)
Share code: HDC & ISIN: ZAE000003273
(“Hudaco”)
FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION OF THE DUNFORD GROUP AND
ANNOUNCEMENT REGARDING THE ACQUISITION OF THE TRADING ASSETS AND LIABILITIES OF
SPECIALISED BATTERY SYSTEMS CC
Dunford Group (“DG”)
Shareholders are referred to the announcement released on SENS on 1 November 2013 setting out
details of the acquisition by Hudaco of DG and are advised that all suspensive conditions have been
met.
Specialised Battery Systems CC (“SBS”)
Hudaco has acquired the trading assets and liabilities of SBS. The final total consideration will
depend on the average profits over the three year earn-out period, with an initial payment of
R32.5m and a maximum of R75m. All suspensive conditions have been met.
SBS is a distributor of imported batteries, used mainly in the standby and solar market.
The Transaction falls below the threshold of a category 2 transaction and accordingly, this
announcement is purely for information purposes.
Johannesburg
12 December 2013
Sponsor: Nedbank Capital
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