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INSIMBI INDUSTRIAL HOLDINGS LIMITED - Update on Impact of the Coronovirus (COVID-19) on Insimbi

Release Date: 20/03/2020 10:10
Code(s): ISB     PDF:  
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Update on Impact of the Coronovirus (COVID-19) on Insimbi

Insimbi Industrial Holdings Limited

(Incorporated in the Republic of South Africa)

(Registration number: 2002/029821/06)

Share code: ISB ISIN: ZAE000116828

("Insimbi" or "the Company")



UPDATE ON IMPACT OF THE CORONAVIRUS (COVID-19) ON INSIMBI



The Coronavirus (COVID-19) has been widely publicised and the board of directors and management of
Insimbi acknowledge the seriousness of the current situation. Insimbi’s priority is the health and safety of
its employees.

The Company continue to closely monitor the latest guidance from the health authorities. Management
is monitoring the situation closely and putting controls in place to prevent and minimise potential
infections and transmissions of the virus within the workplace. To date there are no confirmed cases of
COVID-19 in any of Insimbi’s operations.

The Company has provided clear and defined communication to its employees in this regard and provided
guidance in the event of infections within the organisation. Appropriate contingency plans are being
developed to address known potential risks.

To date COVID-19 has not affected the group’s sales, and the group has not experienced any significant
operational disruptions.

The Company’s cash generation and balance sheet remain strong and the Company remains within its
agreed financial covenants. Should the impact of COVID-19 become material and quantifiable, the
Company will provide guidance thereto through the Stock Exchange News Service (“SENS”) platform in
terms of the JSE Listings Requirements.



Johannesburg

20 March 2020

Sponsor : Bridge Capital Advisors Proprietary Ltd

Date: 20-03-2020 10:10:00
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