LABAT AFRICA LIMITED - Acquisition Of Classic International Trading Pty Ltd By Labat - Profit Warranty Fulfiled
Acquisition Of Classic International Trading Pty Ltd By Labat - Profit Warranty Fulfiled
LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat" or "the Company")
ISIN Code: ZAE000018354 Share code: LAB
LEI 9845000R73DF5EE41J88
Acquisition of Classic International Trading Pty Ltd by Labat -
Profit Warranty Fulfiled
Shareholders are hereby advised that Classic International has successfully achieved
its profit warranty condition contained in clause 6.9 of the Memorandum of Agreement.
The profit warranty condition required Classic International to achieve 80% of its
projected net profit before tax for the year ending 28 February 2025 to be R 58.8
Million.
Classic Internationals profit before tax at 31 January 2025 amounted to R78.6 million.
Labat has received the certificate in terms of section 34.4 of the JSE listing
requirements confirming same by its Accounting Officer.
The acquisition of Classic International will have the following impact on Labat's
financial performance.
Impact on EPS of plus 7.0 cents per share.
Impact on NAV of plus 7.0 cents per share.
BY ORDER OF THE BOARD
Johannesburg
19 February 2025
JSE Sponsor
Vunani Sponsor
Date: 19-02-2025 11:04:00
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