DENEB INVESTMENTS LIMITED - Acquisition Of Formex Industries By Deneb Becomes Unconditional
DNB 201707210008A
Acquisition Of Formex Industries By Deneb Becomes Unconditional
Deneb Investments Limited
Registration number: 2013/091290/06
(Incorporated in the Republic of South Africa)
JSE share code: DNB ISIN: ZAE000197398
(“Deneb” or the “Company”)
ACQUISITION OF FORMEX INDUSTRIES BY DENEB BECOMES UNCONDITIONAL
Shareholders are referred to Deneb’s announcement (“Announcement”) released on SENS on
10 July 2017, advising that it has entered into a Sale of Shares and Claims agreement with
Hosken Consolidated Investments Limited (“HCI”), HCI Treasury Proprietary Limited (“HCI-
Treasury”) (collectively, “the Sellers”) and Formex Industries Proprietary Limited (“Formex”)
dated 7 July 2017 in terms of which Deneb has agreed to purchase 100% of the shares in
Formex, the HCI shareholder claims in Formex and a portion of the HCI-Treasury loan claim
against Formex (“the Acquisition”).
Deneb is pleased to announce that all conditions precedent have now been fulfilled, and that
the Acquisition will accordingly be implemented on the basis detailed in the Announcement
with the effective date being 1 August 2017.
Cape Town
21 July 2017
Sponsor and Transaction Advisor
PSG Capital
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