B And B Media (Pty) Ltd offered to acquire remaining 38.74% stake in Imbalie Beauty Limited (JSE:ILE) for ZAR 4.8 million on January 13, 2022. Under the terms, offer price is set to ZAR 0.009 per share. The Mandatory Offer will not be subject to any conditions precedent. Jack Phalane, Pumla Tladi and Theo Schoeman are part of Independent committee. The Imbalie Beauty Independent Board has appointed Suez Capital Proprietary Limited as the independent expert to provide the Imbalie Beauty Independent Board with external advice in regard the Mandatory Offer. Werksmans Attorneys acted as legal adviser for Imbalie Beauty Limited.

B And B Media (Pty) Ltd completed the acquisition of additional 1.5% stake in Imbalie Beauty Limited (JSE:ILE) for ZAR 0.19 million on April 22, 2022.