BUILDMAX LIMITED - Further Cautionary Announcement
BDM 201408010015A
Further Cautionary Announcement
Buildmax Limited
Incorporated in the Republic of South Africa
(Registration No. 1995/012209/06)
Share Code: BDM
ISIN Code: ZAE000167318
("Buildmax" or the “Company”)
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement released by the Company on SENS on 23 July 2014,
shareholders are hereby advised that the Buildmax board of directors (“the Board”) has received
a non-binding expression of interest from a third party to acquire the entire issued share capital of
Buildmax.
Simultaneously, the Company will dispose of certain assets and businesses of Buildmax
Aggregates and Quarries (“BAQ”) and, in this respect a Memorandum of Understanding (“MoU”)
has been signed with another third party (collectively, “the Transactions”).
The Board has, in principle, agreed to proceed with these Transactions. An independent committee
of the Board will be formed in accordance with the Takeover Regulations to ensure appropriate
governance throughout the ensuing negotiations.
There is no certainty that the expression of interest received, or the MoU signed with regard to the
simultaneous disposal of BAQ, will result in a transaction, and accordingly shareholders are
advised to exercise caution when dealing in the Company's securities until a further announcement
is made.
Benoni
1 August 2014
Sponsor
Questco (Pty) Ltd
Date: 01/08/2014 09:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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