JSE
IQUAD
IQG - IQuad Group Limited - Results of Private Placing
IQuad Group Limited
(Incorporated in the Republic of South Africa)
(Previously Indevco Holdings (Proprietary) Limited)
(Registration Number 2004/025177/06)
Share code: IQG ISIN: ZAE000101622
("IQuad" or "the company")
RESULTS OF PRIVATE PLACING
Shareholders are referred to the abridged prospectus of 27 July 2007 and
the private placing of a maximum of 2 000 000 Iquad shares to select BEE
parties at R5.40 per share ("BEE placing") and a maximum of 4 000 000
shares to select non-BEE parties at R6.00 per share ("primary private
placing"). To the extent that the BEE and primary private placings were to
be materially oversubscribed collectively, the board of directors of
Paladin Capital Limited, a major shareholder in IQuad, would consider an
offer for sale of a maximum of 2 000 000 shares at R6.00 per share ("vendor
sale").
The directors of IQuad are pleased to announce that although the BEE
placing was not fully subscribed, the primary private placing was
substantially oversubscribed. Accordingly, as per the terms and conditions
as set out in the prospectus, the shares made available by the company in
terms of the BEE placing rolled over into the primary private placing.
Furthermore, the board of Paladin has resolved not to make available any
further shares in terms of the vendor sale.
Accordingly, IQuad has raised R35 364 600 in terms of the BEE and primary
private placings.
IQuad will list on the Alternative Exchange ("Altx") of the JSE Limited on
Wednesday, 8 August 2007.
3 August 2007
Port Elizabeth
PSG Capital (Pty) Ltd - Joint designated and corporate adviser
BDO Questco (Pty) Ltd - Lead Designated Adviser
Date: 02/08/2007 16:25:14 Produced by the JSE SENS Department.
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