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Renewal Of Cautionary Announcement
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
(“the Company”)
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement released on 4 February 2020 in terms
of which they were advised that the Company is in the process of evaluating and undertaking a
number of strategic and operational initiatives that may have a material effect on the price of the
Company’s securities. These included reviewing its capital allocation which may involve, amongst
others, the disposal of non-core assets, specific inventory reduction programs, various debt
realignment processes as well as a possible equity capital raise, all of which are and will be
subject to further consideration and relevant market conditions.
The Company is pleased to announce that it has completed its debt realignment processes which
have had the effect of rebalancing its funding providers, as well as restructuring repayment
profiles to more align with the current economic and macro environment. The Company has
decided at this stage not to proceed with an equity capital raise due to market uncertainty and
volatility.
Therefore, in respect of the possible equity capital raise, shareholders are no longer required to
exercise caution when dealing in the Company’s securities. In respect of the potential disposal of
assets, these initiatives are still ongoing and a further update will be released in due course.
Accordingly, shareholders are advised to continue exercising caution when dealing in the
Company’s securities until a further announcement is made.
Johannesburg
17 March 2020
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 17-03-2020 03:45:00
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