jse top 40
Lookup >>

IPL / IPLP - Imperial Holdings Limited - Imperial buys a strategic stake in Mix


Send this article to a friend Print this page

IPL   IPLP
IPL                                                                             
IPL / IPLP - Imperial Holdings Limited - Imperial buys a strategic stake in Mix 
Imperial Holdings Limited                                                       
Registration number: 1946/021048/06                                             
Ordinary share code: IPL ISIN: ZAE000067211                                     
Preference share code: IPLP   ISIN: ZAE000088076                                
("IMPERIAL" or "the group")                                                     
IMPERIAL buys a strategic stake in MiX                                          
IMPERIAL is pleased to announce that it has acquired a strategic stake of 25,4% 
in MiX Telematics Ltd (MiX), a company listed in the Business Support Services  
sector of the JSE Securities Exchange. MiX has interests in vehicle tracking and
fleet management in South Africa and abroad.  Its South African brand is Matrix 
Vehicle 
Tracking, which is SA`s third largest vehicle tracking supplier. MiX has
a global subscriber base in excess of 200 000 connections.                      
IMPERIAL already has a business relationship with MiX through IMPERIAL`S almost 
250 new and used vehicle dealerships. These dealerships form an important       
distribution channel for Matrix products. Several of MiX`s other products in the
fleet management arena, which are successfully marketed in South Africa and     
abroad, may also find applications in the IMPERIAL group. The strategic         
shareholding will further strengthen the relationship between MiX and the       
IMPERIAL group.                                                                 
MiX will be equity accounted by IMPERIAL as an associate.                       
RA Venter                                                                       
Company Secretary                                                               
Bedfordview                         
                                            
11 March 2010                                                                   
Sponsor to Imperial                                                             
Merrill Lynch South Africa (Pty) Limited                                        
Date: 11/03/2010 12:00:01 Produced by the JSE SENS Department.                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                          
                
   

Brands in PABMH Group:

Video