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LABAT:  4   -2 (-33.33%)  20/11/2025 17:26

LABAT AFRICA LIMITED - Finalisation Announcement Completion of Classic Transaction and Profit Warranty Confirmation and Additional Listing

Release Date: 20/11/2025 08:30
Code(s): LAB     PDF:  
Wrap Text
Finalisation Announcement– Completion of Classic Transaction and Profit Warranty Confirmation and Additional Listing

LABAT AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
("Labat Africa" or "the Company")
ISIN Code: ZAE000018354 Share Code: LAB
FSE Code: LEI 9845000R73DF5EE41J88


FINALISATION ANNOUNCEMENT – COMPLETION OF CLASSIC TRANSACTION AND PROFIT
WARRANTY CONFIRMATION AND ADDITIONAL LISTING OF SHARES


Shareholders are advised that the Company has completed the outstanding components
of the Classic Transaction previously announced on SENS on the 20 November 2024, and
implemented in accordance with the JSE Listings Requirements.

The Company further confirms that the profit warranty conditions applicable to the
transaction have been met. As a result, all remaining obligations arising from the transaction
have now been fulfilled.

Shareholders are also referred to the announcement published on SENS on 23 January 2025,
which should be read in conjunction with this announcement and are further informed that
116.5 million shares of no par value, have been issued and listed on 20 November 2025 at
an issue price of R0.07 in relation to the Asset for Shares Agreement. Following this issue, the
Issued share capital of Labat Africa is 1 248 875 595.

The Company has taken the necessary steps to finalise the regulatory processes related to
the issuing and listing of the remaining shares d due under the Classic Transaction.

Shareholders are reminded that the completion of the Classic Transaction forms part of the
Company's broader strategic initiatives aimed at strengthening the balance sheet and
supporting continued operational momentum.



By order of the Board
JOHANNESBURG

20 November 2025
JSE Sponsor
Vunani Sponsors

Date: 20-11-2025 08:30:00
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