| Fri 2 Nov 2007, 15:59 | | MDC - Medi-Clinic - Finalisation Information In Re |
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MDC
MDC
MDC - Medi-Clinic - Finalisation Information In Respect Of The Rights Offer
MEDI-CLINIC CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1983/010725/06)
Share code: MDC
ISIN: ZAE000074142
("Medi-Clinic" or "the Company")
FINALISATION INFORMATION IN RESPECT OF THE RIGHTS OFFER
Shareholders are referred to the announcement released on SENS on 26 October
2007 setting out details of a renounceable rights offer of 198 675 497 Medi-
Clinic ordinary shares at an issue price of 2 265 cents per share ("Rights Offer
Shares") in the ratio of 50.38197 Rights Offer Shares for every 100 Medi-Clinic
shares held at the close of trade on Friday, 16 November 2007 ("the Rights
Offer").
The form of instruction in respect of a renounceable letter of allocation
relating to the Rights Offer was registered by the Registrar of Companies
appointed under the Companies Act No. 61 of 1973, on Tuesday, 30 October 2007.
All the conditions precedent relating to the Rights Offer have now been
fulfilled and a circular containing full details of the Rights Offer will be
dispatched to shareholders on Monday, 19 November 2007.
The Issuer Services Division of the JSE Limited ("the JSE") has approved the
listings of:
- the letters of allocation in respect of all of the 198 675 497 Rights Offer
Shares with effect from the commencement of trade on Monday, 12 November 2007 to
the close of trade on Friday, 30 November 2007, both days inclusive under the
share code: MDCN and ISIN: ZAE000109096; and
- 198 675 497 Rights Offer Shares with effect from the commencement of trade on
Monday, 3 December 2007 under the share code: MDC and ISIN: ZAE000074142.
The salient dates and times in respect of the Rights Offer are set out below.
Last day to trade in Medi-Clinic shares in order to participate in the rights
offer (cum entitlement): Friday, 9 November 2007
Listing of and trading in the letters of allocation on the JSE commences at
09:00 on Monday, 12 November 2007
Medi-Clinic shares commence trading ex-rights on the JSE at 09:00 on Monday, 12
November 2007
Record date for the rights offer: Friday, 16 November 2007
Rights offer opens at 09:00 on Monday, 19 November 2007
Last day for trading letters of allocation on the JSE: Friday, 30 November 2007
Listing of rights offer shares and trading therein on the JSE commences: Monday,
3 December 2007
Rights offer closes at 12:00, on (see note 4) Friday, 7 December 2007
Record date for the letters of allocation: Friday, 7 December 2007
Rights offer shares issued and posted to holders of certificated shares on or
about Monday, 10 December 2007
Central Securities Depository Participant ("CSDP") or broker accounts in respect
of holders of dematerialised shares debited and updated with rights offer shares
on Monday, 10 December 2007
Results of rights offer announced on SENS: Monday, 10 December 2007
Results of rights offer published in the press: Tuesday, 11 December 2007
Issue new rights offer shares for excess applications (if applicable):
Wednesday, 12 December 2007
Refund cheques posted to holders of certificated shares, if applicable, in
respect of excess applications: Tuesday, 18 December 2007
Notes:
1. Share certificates in respect of Medi-Clinic shares may not be
dematerialised or rematerialised between Monday, 12 November 2007 and Friday, 16
November 2007, both days inclusive.
2. CSDPs effect payment on a delivery versus payment method in respect of
qualifying shareholders holding dematerialised shares.
3. If you are a qualifying shareholder holding dematerialised shares you are
required to notify your duly appointed CSDP or broker of your acceptance of the
Rights Offer in the manner and time stipulated in the custody agreement
governing the relationship between yourself and your CSDP or broker.
4. Unless otherwise indicated, all times are South African times.
Stellenbosch
2 November 2007
Investment bank and transaction sponsor
The Standard Bank of South Africa Limited
Legal advisor
Hofmeyr Herbstein & Gihwala Inc.
Independent reporting accountants
PricewaterhouseCoopers Advisory Services (Proprietary) Limited
Lead independent sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Date: 02/11/2007 15:59:56 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
