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”) UPDATE ON SALIENT DATES AND TIMES IN RELATION TO THE BROAD-BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION 1. INTRODUCTION 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. 2. UPDATE ON SALIENT DATES AND TIMES 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. Bedfordview 4 June 2021 Enquiries Imperial Investor Relations E-mail: email@example.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.