| Wed 7 Nov 2007, 16:42 | | MAZ - Mazor Group Limited - Abridged Prospectus |
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MAZ - Mazor Group Limited - Abridged Prospectus
Mazor Group Limited
(formerly Main Street 590 (Pty) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/017221/06)
Share code: MAZ & ISIN: ZAE000109823
("Mazor" or "Mazor group")
ABRIDGED PROSPECTUS
Relating to a private placement of shares by way of:
- an offer for subscription of 22 500 000 new ordinary shares in the share
capital of Mazor at a subscription price of 400 cents per share;
- an offer for sale by certain existing shareholders of Mazor of 20 000 000
ordinary shares in the share capital of Mazor at a purchase price of 400
cents per share; and
- the subsequent listing of the issued shares in the share capital of Mazor
on the Alternative Exchange ("Altx") of the JSE Limited.
This abridged prospectus is not an invitation to the general public to
subscribe for or purchase shares in Mazor but is issued in compliance
with the Listings Requirements of the JSE Limited ("the JSE") for the
purpose of providing information to the public with regards to Mazor. The
information in this abridged prospectus has been extracted from a full
prospectus issued by Mazor on 8 November 2007 ("the detailed
prospectus"), which is available as set out in paragraph 5. The private
placement is made to invited institutional and retail investors, selected
private clients and employees of Mazor only.
1. NATURE OF BUSINESS
Each of the Mazor group`s operating companies is discussed below:
1.1 Mazor Steel
Mazor Steel was established in 1981 focusing on the design, supply and
installation of structural frames for shopping centers, warehouses,
buildings, bridges and architectural work. The company offers a complete
in-house package from design and draughting to manufacture and erection.
The key customers typically include builders, architects, engineers and
developers.
1.2 Mazor Aluminium
Mazor Aluminium is a leader in facade cladding and has developed
approximately 400 dies. The company provides a comprehensive range of
aluminium products and services to the construction industry. Its product
range includes aluminium doors, windows, shopfronts, curtainwalls and
facades, balustrades and custom solutions. The company also provides a
variety of services including the design, supply, manufacture and
installation of its product range. Key customers include builders,
architects and developers.
2. DIRECTORS
The full names, ages, business addresses and functions of the directors
of Mazor are set out below:
Full name and age Business address Function
Executive directors
Liat Mazor (32) 8 Monza Road Financial Director
Killarney Gardens
7441
Ronnie Mazor (39) 8 Monza Road Chief Executive Officer
Killarney Gardens
7441
Shlomo Mazor (66) 8 Monza Road Chairman
Killarney Gardens
7441
Non-executive directors
Sheryl Ozinsky (47)* Apartment 1 Businesswoman
10 Higgo Road
Higgovale
Allan Groll (53)* 1st Floor, The Spearhead Businessman
42 Hans Strijdom Avenue
Foreshore, Cape Town
8001
*Independent
All of the directors are South African citizens.
3. THE PRIVATE PLACEMENT
The private placement is made up of:
- an offer for subscription of 22 500 000 new shares in the share
capital of Mazor at a subscription price of 400 cents per share; and
- an offer for sale by certain existing shareholders of Mazor of 20
000 000 shares in the share capital of Mazor at a purchase price of
400 cents per share.
Therefore, a total amount of R170 million, before expenses, will be raised
through the private placement to qualifying investors.
4. SALIENT DATES AND TIMES
2007
Abridged prospectus released on SENS on Wednesday, 7 November
Prospectus available on Thursday, 8 November
Opening date of the private placement at 09:00 on Thursday, 8 November
Closing date of the private placement at 16:00 on Friday, 9 November
Results of private placement released on SENS on Wednesday, 14 November
Settlement and anticipated listing date of Mazor
on Altx at 09:00 on Wednesday, 21 November
Note: The above dates and times are subject to change. Any such change
will be released on SENS and published in the press.
5. COPIES OF THE PROSPECTUS
This abridged prospectus contains the salient features of the detailed
prospectus dated 8 October 2007, which should be read in its entirety for
a full appreciation thereof.
An English copy of the detailed prospectus may be obtained during office
hours at the registered office of Mazor: 8 Monza Road, Killarney Gardens,
7441 and the office of the Corporate and Designated Advisor of Mazor,
Bridge Capital Advisors (Pty) Limited, 2nd Floor, 27 Fricker Road, Illovo
Boulevard, Illovo, 2196.
7 November 2007
Corporate and Designated Advisor
Bridge Capital
Reporting accountants and auditors
Mazars
Attorneys
Webber Wentzel Bowens
Date: 07/11/2007 16:42:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
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