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ACD
ACD
ACD - Alliance Data Corporation Limited - Issue of 10 million ordinary
shares for cash
ALLIANCE DATA CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/020520/06)
JSE Share code: ACD ISIN: ZAE000065165
("ADC" or "the Company")
ISSUE OF 10 MILLION ORDINARY SHARES FOR CASH
INTRODUCTION
Shareholders are advised that ADC has raised R 46 000 000 in capital by
the issue of shares for cash at 460 cents per ordinary share.
ISSUE FOR CASH
At the annual general meeting of the Company held on 5 October 2006, the
requisite majority of shareholders approved an ordinary resolution
authorising the directors to issue shares for cash in accordance with
the Listings Requirements of JSE Limited ("`the Listing Requirement").
As the issue of the new shares represents a 18.18% increase in the
issued ordinary share capital of the Company this disclosure is made in
terms of section 11.22 of the Listing Requirements:
* 10 000 000 ordinary shares in the Company has been issued at an
issue price of 460 cents per ordinary share;
* the issue price of 460 cents per share represent a discount of 7 %
to the 30 day weighted average price ended 26 July 2007, being the
date the issue price was agreed by the directors of ADC; and
* the shares have been issued to public shareholders as defined by
the Listings Requirements.
FINANCIAL EFFECTS
The table below sets out the unaudited pro forma financial effects of
the issue for cash on the earnings, headline earnings and the net asset
value and tangible net asset value per ADC share:
Before After Change
(cents) (1) (cents) (%)
(2)
Earnings per share (cents) 54.7 43.06 (21)%
Headline earnings per share 54.7 43.06 (21)%
(cents)
Net asset value per share 154.40 205.34 33%
(cents)
Tangible net asset value per 21.73 94.78 336%
share (cents)
Notes:
1. The "before" column are extracted from the audited results of ADC
for the year ended 28 February 2007.
2. The figures in the "after" column assume that the 10 000 000 shares
were issued and the cash was received on 1 March 2006.
The pro forma financial effects above are the responsibility of the
company`s directors and have been prepared for the purposes of
illustrating how the transaction would have affected the relevant
financial results and position of ADC for the historical financial
period indicated and on a pro forma basis. Accordingly, such effects do
not necessarily represent a true reflection of the financial effects of
the transaction on ADC`s current and future earnings.
LISTING OF THE NEW SHARES
The JSE Limited has granted a listing of the new shares with effect from
the commencement of business on Tuesday, 11 September 2007.
7 September 2007
Johannesburg
Exchange Sponsors
Date: 07/09/2007 12:42:01 Produced by the JSE SENS Department.
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