IMPERIAL HOLDINGS LIMITED - Fulfilment of Conditions Precedent Relating to the Disposal of the Schirm Business
IPL 201801170030A
Fulfilment of Conditions Precedent Relating to the Disposal of the Schirm Business
Imperial Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1946/021048/06)
ISIN: ZAE000067211
Share code: IPL
(“Imperial” or “Company” or “Group”)
FULFILMENT OF CONDITIONS PRECEDENT RELATING TO THE DISPOSAL OF THE
SCHIRM BUSINESS
Further to the SENS announcement published on 8 November 2017,
shareholders are advised that the remaining conditions precedent
relating to the disposal of the Group’s interest in and claims against
Schirm GmbH, the contract manufacturing service business of Imperial
Chemical Logistics GmbH, and a related property (“the Transaction”),
have been fulfilled.
The Transaction has accordingly become unconditional.
Settlement of the purchase consideration will take place on the
closing date,30 January 2018. As disclosed in the SENS announcement on
8 November 2017, the purchase consideration is subject to final
working capital adjustments and therefore the final price will be
disclosed in our results for the 6 months to December 2017 to be
published on the 20th February 2018.
Bedfordview
17 January 2018
JSE Sponsor:
Merrill Lynch South Africa (Pty) Limited
Corporate advisors:
Rothschild & Co
Legal advisors:
Taylor Wessing
Date: 17/01/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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