In a significant corporate development, shareholders of Steinhoff Investments have given their nod to the proposed name change, marking the transformation of the company into “Ibex Investment Holdings Limited.” The approval was conveyed through a voting announcement released on the Stock Exchange News Service (SENS) on November 22, 2023.
The Companies and Intellectual Property Commission (CIPC) has officially registered the special resolution for the change of name, signifying the legal transition from Steinhoff Investments to Ibex Investment Holdings Limited. This rebranding initiative reflects the company’s strategic vision and aligns with its future business objectives.
To ensure a smooth transition for shareholders and stakeholders, the company has outlined key dates for the change of name on the Johannesburg Stock Exchange (JSE):
|Tuesday, 5 December
|Last day to trade shares under the name “Steinhoff Investments.”
|Wednesday, 6 December
|Commencement of trading under the new name “Ibex Investment Holdings Limited,” with the share code “IBX” and ISIN ZAE000068367.
|Friday, 8 December
|Record date for the Change of Name on the JSE.
|Monday, 11 December
|Accounts of dematerialized shareholders will be updated with the new name.
All dates and times indicated are in South African Standard Time.
The approval of the name change was the culmination of a shareholder vote, demonstrating a unified mandate for the strategic rebranding. Shareholders recognized the significance of this transformation and its potential impact on the company’s positioning in the market.
The decision to rebrand comes at a crucial juncture in the company’s journey. Steinhoff Investments, with a history dating back to its incorporation in 1954, has evolved over the years to become a key player in the South African investment landscape. This rebranding initiative represents a forward-looking approach, signaling the company’s commitment to adaptability and resilience in a dynamic business environment.
The choice of the name “Ibex” carries symbolic significance. The ibex, a wild mountain goat known for its agility and surefootedness, serves as a metaphor for the company’s commitment to navigating the financial landscape with precision and strength. This strategic choice aims to convey a message of resilience, adaptability, and a forward-looking approach.
The rebranding aligns with Ibex Investment Holdings Limited’s broader strategic vision, which includes an emphasis on diversification, innovation, and sustainable growth. The new name reflects the company’s aspirations to be at the forefront of progressive investment practices and to explore new horizons in the financial sector.
As part of the transition process, shareholders are advised to take note of the key dates outlined for the change of name on the JSE. The last day to trade shares under the old name is set for Tuesday, 5 December 2023. Trading under the new name, Ibex Investment Holdings Limited, with the share code “IBX,” will commence on Wednesday, 6 December 2023.
The record date for the change of name on the JSE is Friday, 8 December 2023. On Monday, 11 December 2023, the accounts of dematerialized shareholders with their Central Securities Depository Participants (CSDPs) or brokers will be updated with the new name. Shareholders are urged to take note of these dates to ensure a seamless transition in their shareholdings.
It’s crucial to highlight that share certificates may not be dematerialized or rematerialized after the last day to trade shares prior to the change of name. Shareholders holding physical share certificates should take necessary actions to align with the company’s transition to Ibex Investment Holdings Limited.
The transformation of Steinhoff Investments into Ibex Investment Holdings Limited marks a pivotal moment in the company’s history. The rebranding initiative, endorsed by shareholders, signifies a commitment to a progressive and resilient future. As Ibex, the company aims to scale new heights in the financial landscape, guided by a strategic vision that embraces change and innovation.