BRIKOR LIMITED - Mandatory results announcement

Mandatory results announcement

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

Mandatory results announcement

1. INTRODUCTION

   Shareholders are referred to the Firm Intention Announcement released on SENS on
   12 September 2023 ("Firm Intention Announcement") and the further announcements
   dated 10 October 2023 and 16 October 2023 in which it was advised that Nikkel Trading 392
   (Pty) Limited ("Nikkel Trading") had acquired additional Brikor shares at a price of 17 cents
   per Brikor share so that Nikkel Trading now owns 68.01% of the entire issued share capital of
   Brikor.

   In the Firm Intention Announcement shareholders were advised that as Nikkel Trading
   acquired more than 35% of the entire issued share capital of the Company, Nikkel Trading is
   required to make a mandatory offer to all the remaining shareholders of the Company
   ("Mandatory Offer") pursuant to section 123 of the Companies Act, No.71 of 2008
   ("Companies Act"), for a cash offer consideration of 17 cents per Brikor ordinary share.

  Shareholders are referred to the SENS announcement dated 1 December 2023 advising
  shareholders that the offer circular in relation to the Mandatory Offer has been distributed to
  shareholders and the announcement released on SENS on 4 December 2023 confirming the
  Mandatory Offer is unconditional. Shareholders are further advised that the TRP issued a
  compliance certificate on Friday, 19 January 2024 in terms of sections 119(4)(b) and 121(b)(i)
  of the Companies Act.


2. RESULTS OF MANDATORY OFFER

    The results of the Mandatory Offer which closed on Friday, 19 January 2024 are as follows:

         Number of acceptances              Entitlements   paid
         received                           out
         136 120 185                        R23 140 431.45

    Accordingly, Nikkel Trading now owns 706 196 221 which represents 84.2% of the entire
    issued share capital of Brikor.
3. DIRECTORS RESPONSIBILITY STATEMENT

  3.1 Nikkel Trading, insofar as the information in this Announcement relates to Nikkel Trading:
              • accepts full responsibility for the accuracy of the information contained in this
                  Announcement;
              • confirms that, to the best of its knowledge and belief, the information 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.

  3.2 The Brikor Independent Board, insofar as the information in this Announcement relates to
        Brikor:
              • accepts full 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.


22 January 2024
Nigel

Designated Advisor
Exchange Sponsors

Date: 22-01-2024 12:31:00
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