INVICTA HOLDINGS LIMITED - Voluntary announcement regarding the acquisition of Sibuyile Industrial Supplies (Proprietory) Limited
IVT IVTP 201512090023A
Voluntary announcement regarding the acquisition of Sibuyile Industrial Supplies (Proprietory) Limited
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" or “the Company”)
VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF SIBUYILE
INDUSTRIAL SUPPLIES (PROPRIETORY) LIMITED
Invicta is pleased to announce that its tool and equipment subsidiary,
Man-Dirk (Proprietary) Limited ("Mandirk"), has acquired 100% of
Sibuyile Industrial Supplies (Proprietary) Limited with effect from 1
September 2015 ("the Acquisition"). The Acquisition has been
unconditionally approved by the South African Competition Authorities,
as required.
Sibuyile was established in 1980 and is a well respected player in
the tool and equipment industry in Vereeniging and surrounds.
This strategically important and mutually beneficial transaction
further diversifies Mandirk's customer base, extends its geographic
footprint and provides an opportunity to leverage the enlarged Mandirk
group's purchasing power.
The Acquisition falls below the threshold of the categorisation of
transactions which require disclosure in terms of the JSE Limited's
Listings Requirements. Nevertheless, the Board of Invicta deemed it
appropriate to inform shareholders of the Acquisition.
Cape Town
9 December 2015
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
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