| Mon 10 Dec 2007, 12:33 | | MDC - Medi-Clinic Corporation Limited - Results Of The Rights Offer |
|
MDC
MDC
MDC - Medi-Clinic Corporation Limited - Results 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")
RESULTS OF THE RIGHTS OFFER
Further to the announcements on the Securities Exchange News Service ("SENS") on
26 October 2007 and 2 November 2007, Medi-Clinic shareholders are advised that
the results of the renounceable rights offer of 198 675 497 Medi-Clinic ordinary
shares ("Rights Offer shares") to Medi-Clinic shareholders or their renouncees
at a price of 2 265 cents per Rights Offer share in the ratio of 50.38197 Rights
Offer shares for every 100 Medi-Clinic shares held on the record date of the
rights offer ("the Rights Offer"), which closed on Friday, 7 December 2007, are
as follows:
Number of % of Rights
shares Offer shares
Rights Offer shares
available for subscription: 198 675 497 100.00
Rights Offer shares subscribed for: 193 797 115 97.54
Total excess applications received: 30 205 717 15.20
Total Rights Offer shares subscribed for
and excess applications received: 224 002 832 112.75
Total excess applications to be allocated: 4 878 382 2.46
Due to the fact that the Rights Offer was fully subscribed after taking into
account the excess applications received, the underwriters will not be allocated
any Rights Offer shares.
Share Certificates will be posted to certificated shareholders and safe custody
accounts of dematerialised shareholders or their renouncees, who have followed
their rights, will be updated and accounts credited by their Central Securities
Depository Participant ("CSDP") or broker today, being Monday, 10 December 2007.
4 878 382 Rights Offer shares are available to be allocated to Medi-Clinic
shareholders or their renouncees who applied for additional Rights Offer shares.
The excess applications will be allocated to shareholders or their renouncees on
or about Wednesday, 12 December 2007.
The allocation of Rights Offer shares in respect of excess applications will be
equitable and will take cognisance of the number of Medi-Clinic shares held by
each applicant prior to such allocation and the number of Rights Offer shares
for which application was made.
Cheques refunding monies in respect of unsuccessful applications by holders of
certificated Medi-Clinic shares for additional Rights Offer shares will be
posted to the relevant applicants, at their risk, on or about Tuesday, 18
December 2007. No interest will be paid on monies received in respect of
unsuccessful applications.
Stellenbosch
10 December 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: 10/12/2007 12:33:19 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.
