Me Board of Directors of IBL Ltd ('IBL') wishes to inform its shareholders and the public in general that IBL is contemplating a corporate restructuring of its financial services cluster. As part of the corporate restructuring, IBL proposes to transfer its shares in AfrAsia Bank Ltd, DTOS Holdings Ltd, Eagle Insurance Limited, Confido Holding Ltd and City Brokers Ltd to IBL FinHold Ltd, a new intermediary wholly-owned subsidiary of IBL (the "Proposed Transaction").
Me Proposed Transaction is subject to the negotiation and signature of a definitive agreement, the satisfactory completion of conditions precedent, the obtention of relevant regulatory approvals and any other approvals required by the parties.
Shareholders and the investing public will be kept informed of further developments and are advised to exercise caution when dealing in the shares of IBL.
By order of the Board IBL Management Ltd Company Secretary
18 November 2025
Mis Cautionary Announcement is issued pursuant to Listing Rule 11.3, the Securities Act 2005 and Rule 5 of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007.
Me Board of Directors of IBL Ltd accepts full responsibility for the accuracy of the information contained in this Cautionary Announcement.
BRN: C07001778
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IBL Ltd. published this content on December 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on December 18, 2025 at 08:17 UTC.
IBL Ltd is a diversified group organized around 7 areas of activity:
- mass retailing (32.4% of net sales): distribution of consumer products (food, wines and spirits, household goods, personal care products, stationery products, etc.), printing equipment and consumables, pharmaceuticals , medical equipment, chemicals and agrochemicals;
- agri-food (21%): production and processing of sugar cane, production and bottling of beverages, production and processing of fish, etc.;
- engineering and construction (20.6%): manufacturing of building materials, development of diesel and electro-diesel engine repair and maintenance solutions, engineering and construction services for construction and industry sectors, sales of industrial and agricultural machinery, rental, servicing and maintenance of building and handling equipment, ship construction and repair services, etc. ;
- hotel operation (14.8%);
- logistics and transport (4.5%);
- financial services (4.3%): banking, insurance, financing services, investment fund management, investment services, etc.;
- other (2.4%): property, pharmaceutical and cosmetic products research and development services, development of testing and certification solutions, etc.
Net sales break down geographically as follows: Mauritius (83.1%), Madagascar-Comoros-Seychelles-Reunion (7.9%), Maldives (3.9%), Europe (2.3%), the United States (0.1%) and other (2.7%).
