04 Jun - 2 min read

Update on salient dates and times in relation to the Broad-Based Black Economic Empowerment Transaction

Update on salient dates and times in relation to the Broad-Based Black Economic Empowerment Transaction

 Imperial Logistics Limited
 (Incorporated in the Republic of South Africa)
 Registration number 1946/021048/06
 ISIN: ZAE000067211
 JSE share code: IPL
 (“Imperial” or “Company”)



   Shareholders of Imperial (“Shareholders”) are referred to the announcement dated 23 April 2021
   in terms of which shareholders were advised that the Company had entered into transaction
   agreements with the B-BBEE Shareholders in relation to a proposed transaction that would provide
   the B-BBEE Shareholders with an opportunity to participate in a 25% B-BBEE shareholding in ILSA
   (“the 23 April Announcement”).

   As the Transaction is deemed a Related Party Transaction as defined in the Listings Requirements
   of the JSE, the Transaction is subject to approval by Shareholders

   Unless specifically defined in this announcement, terms defined in the 23 April
   Announcement shall bear the same meanings when used in this announcement.


   Shareholders are advised that a circular to Shareholders setting out the full details of the
   Transaction (“Circular”), including a notice to convene a general meeting of Shareholders
   (“General Meeting”) is currently in the process of being approved by the JSE. It is anticipated that
   the Circular will be posted to Shareholders on or about Thursday, 17 June 2021 with the General
   Meeting taking place on or about Friday, 16 July 2021.

   A further announcement setting out the full salient dates and times in relation to the posting of the
   Circular and the General Meeting, will be released in due course.

4 June 2021

Imperial Investor Relations
E-mail: esha.mansingh@imperiallogistics.com

Sole Financial Advisor and Transaction Sponsor to Imperial
The Standard Bank of South Africa Limited

Independent Expert
PricewaterhouseCoopers Corporate Finance Proprietary Limited
Legal Adviser to Imperial
TWB – Tugendhaft Wapnick Banchetti & Partners

Sole Financial Advisor to the B-BBEE Shareholders
Nodus Capital Proprietary Limited

Joint Legal Advisors to the B-BBEE Shareholders
Falcon & Hume Inc
Poswa Inc

Tax Advisor to the B-BBEE Shareholders
Tax Lexicon Proprietary Limited

Date: 04-06-2021 10:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Imperial Logistics Limited (JSE:IPL) when you join Listcorp.