IMBALIE BEAUTY LIMITED - Proposed rights offer and announcement of conditional offer of Cavi Brands (Pty) Ltd (Cavi)
ILE 201709270003A
Proposed rights offer and announcement of conditional offer of Cavi Brands (Pty) Ltd (“Cavi”)
IMBALIE BEAUTY LIMITED
"Imbalie” or “the Company” or “the Group”
(Incorporated in the Republic of South Africa)
(Registration number 2003/025374/06)
JSE code: ILE
ISIN: ZAE000165239
PROPOSED RIGHTS OFFER AND ANNOUNCEMENT OF CONDITIONAL OFFER OF
CAVI BRANDS (PTY) LTD (“CAVI”)
1 Proposed rights offer
Imbalie is in the process of finalising a rights offer for the Company. A detailed
announcement will be released in due course containing details of the rights offer.
2 Rationale for the rights offer
The rationale for raising additional capital in terms of the rights offer for the Company
is inter alia as follows:
- to strengthen the balance sheet of Imbalie Beauty;
- to fund an internal restructuring of the Company; and
- to continue to fund the ongoing growth of the Group.
3 CAVI transaction
Shareholders are referred to the SENS announcement dated 7 July 2017. Imbalie
and CAVI have agreed not to proceed with the conditional offer from CAVI.
Designated Adviser
Exchange Sponsors
Woodmead
27 September 2017
Date: 27/09/2017 07:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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