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BRIKOR:  16   +1 (+6.67%)  13/11/2026 18:22

BRIKOR LIMITED - Scheme Finalisation announcement

Release Date: 13/11/2026 16:42
Code(s): BIK     PDF:  
Wrap Text
Scheme Finalisation announcement

BRIKOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013247/06)
JSE share code: BIK ISIN: ZAE000101945
("Brikor" or "the Company")


Scheme Finalisation announcement

Capitalized terms used in this Announcement shall, unless contrary to the context or otherwise defined
herein, bear the meaning ascribed to them in the Circular to Brikor Shareholders, dated 7 September
2026.

Shareholders are referred to the circular dated 7 September 2026 regarding a scheme of arrangement
in terms of section 114(1)(e), read with section 115 of the Companies Act, proposed by the Brikor Board
between Brikor and its Shareholders in terms of which the shares of the Remaining Shareholders in
Brikor will be repurchased by Brikor for a cash consideration of 17.00 cents per share.

Shareholders are also referred to the SENS announcement dated 6 November 2026. The Takeover
Regulation Panel ("TRP") have confirmed that they are not pursing the complaint any further.

Further to the scheme meeting results announcement released on 9 October 2026, shareholders are
advised that all conditions precedent to the scheme have been fulfilled and accordingly the scheme is
unconditional. The offer to the remaining shareholders will open in accordance with the timetable and
dates set out below:


   Date on which the Scheme is declared wholly                   Friday, 13 November 2026
   unconditional and TRP compliance certificate received
   Scheme Last Day to Trade to be on                             Tuesday, 17 November 2026
                                                                 Wednesday, 18 November 2026
   Trading in Brikor Shares on the JSE suspended from
   commencement of trade
                                                                 Friday, 20 November 2026
   Scheme Record date
                                                                 Monday, 23 November 2026
   Operative Date
                                                                 Monday, 23 November 2026
   Scheme Consideration to be settled by electronic funds
   transfer to Scheme Participants who hold Certificated
   Shares who have lodged their Form of Surrender and
   Transfer (white) with the Transfer Secretaries on or prior
   to 12:00 on the Scheme Consideration Record Date
                                                                 Monday, 23 November 2026
   Scheme Participants who hold Dematerialised Shares will
   have their accounts with their CSDP or Broker credited with
   the Scheme Consideration on
                                                                 Tuesday, 24 November 2026
   Termination of listing of Brikor Shares on the JSE at
   commencement of trade

Notes:

    1) No dematerialisation or rematerialisation of Brikor Shares may take place from the
       commencement of business on the Business Day following the Scheme Last Day to Trade
       being Tuesday, 17 November 2026.
The Independent Board, individually and collectively:
• accepts responsibility for the accuracy of the information contained in this Announcement;
• confirms that, to the best of its knowledge and belief, the information contained in this Announcement
  is true and correct; and
• confirms that this Announcement does not omit anything likely to affect the importance of the
  information disclosed.




Nigel
13 November 2026

Designated Advisor
Exchange Sponsors

Date: 13/11/2026 04:42:00
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