IMPERIAL LOGISTICS LIMITED - An Update On Fulfillment Of Remaining Conditions Precedent For The Disposal Of The European Shipping BusinessRelease Date: 30/06/2020 12:14:00 Code(s): IPL PDF(s):
An Update On Fulfillment Of Remaining Conditions Precedent For The Disposal Of The European Shipping Business
Imperial Logistics Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
Share code: IPL
AN UPDATE ON FULFILLMENT OF REMAINING CONDITIONS PRECEDENT FOR THE
DISPOSAL OF THE EUROPEAN SHIPPING BUSINESS
Imperial shareholders (“Shareholders”) are referred to the announcement released on the
Johannesburg Stock Exchange News Service (“SENS”) on Monday, 4 May 2020, in which
they were advised that Imperial Logistics International B.V. & Co. KG, a wholly owned
subsidiary of Imperial, had entered into an agreement with Häfen und Güterverkehr Köln AG,
Cologne, Germany (“the Purchaser”) for the sale of its interest in its European shipping
business to the Purchaser (“the Transaction”).
Shareholders are also referred to the Results of General Meeting announcement released on
SENS on 18 June 2020 which provided the full details of the results of General Meeting of
Shareholders held for the purposes of approving the Transaction, and also details of the
remaining conditions precedent.
Shareholders are hereby advised that the following outstanding conditions precedent have
now been fulfilled, namely –
. approval of the applicable competition regulatory body approving the Transaction;
. approval of the Transaction by the Council of Stadt Köln (Rat der Stadt Köln) and the
County Council of Rhein-Erft-Kreis (Kreistag).
Accordingly, only the approval from the district government (Bezirksregierung), in Germany,
remains outstanding. Shareholders will be notified in due course on the fulfilment of this
30 June 2020
South African Legal Advisor: Bowman Gilfillan Incorporated
Transaction Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited
International Financial Advisor: BNP Paribas S.A.
Date: 30-06-2020 12:14:00
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