| Tue 28 Aug 2007, 15:13 | | ELI - Ellies Holdings - Abridged prospectus listin |
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JSE
ELI
ELI - Ellies Holdings - Abridged prospectus listing of Ellies Holdings ordinary
shares on the alternative exchange of The JSE Limited
ELLIES HOLDINGS LIMITED
(formerly Everlight Investments (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/007084/06)
JSE code: ELI
ISIN: ZAE000103081
("Ellies Holdings" or "the company")
ABRIDGED PROSPECTUS LISTING OF ELLIES HOLDINGS ORDINARY SHARES ON THE
ALTERNATIVE EXCHANGE ("AltX") OF THE JSE LIMITED ("JSE")
This abridged prospectus is not an invitation to the public to subscribe for
Ellies Holdings ordinary shares, but is issued in compliance with the Listings
Requirements of the JSE for information purposes only. The information in this
abridged prospectus has been extracted from a prospectus issued by Ellies
Holdings on 28 August 2007 ("the prospectus").
1 ELLIES HOLDINGS
Established in the late 1970`s, the Ellies group is the largest
manufacturer, wholesaler, importer and distributor in Southern Africa of
television reception-related products, such as satellite equipment and
antennae, as well as domestic electronic and industrial audio products.
In addition, the Ellies group undertakes the distribution, sale and rental
of premium quality television, video and electrical equipment under the
"Ellies" brand and the distribution, sale and rental of premium quality
satellite and associated equipment under the "ElSat" brand.
Ellies Holdings is based in Gauteng, servicing customers through its
Johannesburg head office and indirectly through its long-established
branches located in Cape Town, Port Elizabeth, East London, Durban,
Bloemfontein, Polokwane, Nelspruit, Gaberone and Windhoek (the "branches").
Ellies Holdings, through its Johannesburg-based subsidiary, manufactures
and imports the products of the group for supply to customers in Gauteng,
serviced directly by its Johannesburg head office, and to the branches
which provide local sales, services and distribution to customers in all
metropolitan areas of Southern Africa outside Gauteng.
In order to formalise various control arrangements and integrate the
branches` operating and accounting systems with the centralised systems of
Ellies Holdings, a restructure of the Ellies group was undertaken prior to
the listing pursuant to which Ellies Holdings acquired the issued shares in
and/or the business of each of the branches.
2 DIRECTORS
The board of directors of Ellies Holdings are:
Director Age Role and term Qualification Business address
of office
Elliott Ralph 53 Executive - Ellies House
Salkow Director 94 Eloff Street
(Chairman) Extension
Village Deep
Johannesburg
South Africa
Wayne Mervyn 42 Executive - Ellies House
Gradus Samson Director 94 Eloff Street
(Chief Extension
Executive Village Deep
Officer) Johannesburg
South Africa
Michael Frank 59 Executive BCom CA(SA) Ellies House
Levitt Director 94 Eloff Street
(Chief Extension
Financial Village Deep
Officer) Johannesburg
South Africa
James Henry 40 Executive - Ellies House
Murray Director 94 Eloff Street
(Investor Extension
Relations and Village Deep
Mergers and Johannesburg
Acquisitions) South Africa
Hilton 57 Non-executive BA LLB 16 Stellar Street
Stanley Director Oaklands
Epstein 2192
Raymond 50 Executive 603 South Seas
Hillard Director 129 Beach Road
Berkman Mouille Point
8005
Andrew Craig 42 Non-executive BA LLB 2 Arnold Road
Brooking Director LLM Rosebank
Johannesburg
Mziwamahlubi 37 Non-executive BCom CA(SA) 135A Riverside
Sibongisene Director Road
Mazwi Atholl
2196
3 SHARE CAPITAL
As at the date of the listing, the authorised share capital of Ellies
Holdings shall be 800,000,000 ordinary shares of R0.00001 each, of which
233,526,089 ordinary shares will be issued.
4 LISTING ON THE JSE
The JSE has granted Ellies Holdings approval for the listing of up to
233,526,089 ordinary shares in the Electronics and Electrical Components
Sector of AltX under the abbreviated name "Ellies" JSE Code "ELI" and "ISIN
ZAE000103081".
The listing will be effective as from the commencement of trade on the JSE
on 5 September 2007.
5 COPIES
Copies of the prospectus may be obtained for information purposes only
between 08h30 and 17h00 from Tuesday, 28 August 2007 to Friday, 31 August
2007 at the following places:
- Ellies Holdings Limited
Ellies House, 94 Eloff Street Extension, Village Deep, Johannesburg,
South Africa
- Java Capital (Pty) Limited
2nd Floor, 2 Arnold Road, Rosebank, 2194
- Link Market Services South Africa (Pty) Limited
5th Floor, 11 Diagonal Street, Johannesburg, 2001
Johannesburg
28 August 2007
Designated advisor, corporate advisor and legal advisor
Java Capital (Proprietary) Limited
Attorneys
Fluxmans Attorneys
Auditors and reporting accountants
PKF (Jhb) Inc.
Date: 28/08/2007 15:13:01 Produced by the JSE SENS Department.
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