|
ENL
ENL
ENL - Enaleni - General Issue Of Shares For Cash
Enaleni Pharmaceuticals Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/018027/06)
(JSE code: ENL & ISIN: ZAE000067740)
("Enaleni" or "the Company")
General issue of shares for cash
1. Introduction
At the Annual General Meeting of the Company held on 28 June 2006,
the requisite majority of Enaleni shareholders approved an ordinary
resolution authorising the directors to issue shares for cash in
accordance with paragraph 5.52 of the JSE Limited ("the JSE")
Listings Requirements ("general authority"). In accordance with such
general authority the Company has successfully placed 31 250 000
ordinary shares ("the placed shares") with public shareholders,
equating to approximately 7.6% of the Company`s issued share
capital, raising R125 000 000.
The placed shares are to be issued at a price of 400 cents per
share, being a 10% discount to the 30 day volume weighted average
price on 30 March 2007.
These shares will be listed on the JSE as of Thursday, 3 May 2007
and will rank pari passu with the existing ordinary shares of the
Company.
2. Financial effects
The table below reflects the unaudited pro forma financial effects
of the above mentioned general issue of shares for cash. The pro
forma financial effects have been prepared for illustrative purposes
only and in terms of the JSE Listings Requirements and therefore due
to their nature, may not truly reflect Enaleni`s financial position
or results. The directors of Enaleni are responsible for the
preparation of the pro forma financial effects.
Before Pro forma Change
the after the (%)
issue(1) issue(2,3
(cents) )
(cents)
Basic earnings per 26.0 24.1 (7.3)
share ("EPS")
Basic headline 24.9 23.1 (7.2)
earnings per share
("HEPS")
Net asset value 244.2 254.9 4.4
("NAV") per share
Net tangible asset (98.7) (63.7) 35.5
value ("NTAV") per
share
Number of shares for 400 609 431 859
EPS and HEPS purposes
(`000)
Number of shares for 408 491 439 741
NAV and NTAV (`000)
Notes:
1. The `Before the issue` figures are based on the audited
financial statements for the 12 months ended 31 December 2006.
2. The `Pro forma after the issue` figures have been adjusted to
include the increase in cash, net of share issue expenses. No
interest has been accounted for as the proceeds are utilised to
effect a factory upgrade.
3. The `Pro forma after the issue` column is based on the
assumption that the issue was effective from 1 January 2006 for
basic earnings per share and headline earnings per share and on
31 December 2006 for NAV and NTAV.
Johannesburg
24 April 2007
Sponsor
Nedbank Capital
Date: 24/04/2007 12:30:01 Produced by the JSE SENS Department.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
