BASIL READ HOLDINGS LIMITED Basil Read Holdings Limited
(Incorporated in the Republic of South Africa) (Registration Number 1984/007758/06) Share Code: BSR ISIN: ZAE 000029781
("Basil Read" or "the Company")
Shareholders are referred to the transaction announcement released on SENS on 30 October 2015 pertaining to, inter alia, the sale agreement between Basil Read Limited (a wholly owned subsidiary of Basil Read), and Much Asphalt (Pty) Ltd ("the Purchaser") in terms of which the Purchaser acquired all of the issued share capital of, claims against and equipment of Spraypave (Pty) Ltd ("Spraypave") from Basil Read for a total purchase consideration of R78,643,000 (seventy eight million six hundred and forty three thousand rand) "the Transaction".
Shareholders are hereby advised that all the conditions precedent to the Transaction as set out in the sale agreement have either been fulfilled or waived, as the case may be. Accordingly, the transaction is now unconditional in accordance with the terms of the sale agreement and was completed with an effective date of 1 February 2016.
Johannesburg 01 February 2016
A.T. Ndoni Company Secretary
Sponsor
Grindrod Bank Limited
Corporate Advisor to Basil Read St John Capital
Legal Advisor to Basil Read Werksmans Attorneys
Basil Read Holdings Limited issued this content on 01 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 February 2016 15:21:04 UTC
Original Document: http://www.basilread.co.za/downloads/sens/2016/01February/2016-02-01 Fulfilment of conditions precedent.pdf
