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INVICTA HOLDINGS LIMITED - Distribution of circular and notice of general meeting

Release Date: 29/10/2021 17:00
Code(s): IVT IVTP     PDF:  
Wrap Text
Distribution of circular and notice of general meeting

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“Invicta” or the “Company”)


1.   Distribution of circular

     Invicta shareholders are referred to the announcement released on SENS on 13 September 2021 regarding:

     •     the specific repurchase by Invicta of 1 500 000 and 2 400 000 Invicta ordinary shares from Mr Lance R
           Sherrell and Mr David I Samuels respectively, for an aggregate cash consideration of R109.2 million (the
           “Share Repurchase(s)”); and
     •     the repurchase from Humulani Marketing Proprietary Limited, a wholly-owned subsidiary of Invicta South
           Africa Holdings Proprietary Limited, which in turn is a subsidiary of Invicta, of 1 541 823 Invicta ordinary
           shares (currently held as treasury shares), for a cash consideration of R48.907 million (the “Treasury
           Share Repurchase”),

     collectively the “Specific Repurchases”.

     In this regard, a circular setting out full details of the Specific Repurchases and containing a notice of general
     meeting (the “Circular”) has been distributed to Invicta shareholders today and is available on Invicta’s
     website at (

2.   Notice of general meeting

     Notice is hereby given that the general meeting of Invicta shareholders will be held virtually at 10:00 on
     Monday, 29 November 2021 (the “General Meeting”), to pass, with or without modification, the ordinary and
     special resolutions to approve and implement the Specific Repurchases.

     The salient dates and times relating to the General Meeting are set out below:

     Notice record date being the date on which a shareholder must be registered              Friday, 22 October
     in the register in order to be eligible to receive the Circular and notice of
     General Meeting
     Circular and notice of General Meeting distributed to shareholders and                   Friday, 29 October
     announced on SENS and A2X News Service
     Last day to trade shares in order to be recorded in the register to vote at the        Tuesday, 16 November
     General Meeting on
     General Meeting record date, being the date on which a shareholder must be              Friday, 19 November
     registered in the register in order to be eligible to virtually attend and
     electronically participate in the General Meeting and to vote thereat, by close
     of trade on
     For administrative reasons, proxy forms in respect of the General Meeting to            Friday, 26 November
     be lodged at or received by the transfer secretaries by no later than 10:00 on
     General Meeting to be held at 10:00 on                                                  Monday, 29 November
     Results of the General Meeting published on SENS and A2X News Service on or             Monday, 29 November
     Specific Repurchases effected on or about                                               Monday, 29 November
     Cancellation and delisting of Repurchase Shares on or about                            Tuesday, 30 November

     All dates and times indicated above are South African Standard Time and are subject to amendment. Any
     amendment will be released on SENS and A2X News Service.

29 October 2021

Corporate Advisor and Transaction Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 29-10-2021 05:00:00
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