| Fri 27 Jun 2008, 16:05 | | ALJ - All Joy Foods - Further Update On The Fully Underwritten Rights Offer |
|
ALJ
ALJ
ALJ - All Joy Foods - Further Update On The Fully Underwritten Rights Offer
ALL JOY FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
JSE Share code: ALJ
ISIN: ZAE000017240
("All Joy" or "the Company")
FURTHER UPDATE ON THE FULLY UNDERWRITTEN RIGHTS OFFER
1. UPDATE ON RIGHTS OFFER
Shareholders were notified by way of a SENS announcement on 7 April 2008 and 23
May 2008 that the directors have decided to raise R15 million by way of a fully
underwritten rights offer, subject to the various conditions precedent, through
the issue of 60 000 000 ordinary shares of 1 cents each in the issued share
capital of All Joy, at a subscription price of 25 cents per share.
This board decision was ratified by shareholders on 26 June 2008.
2. TIMETABLE
The board of directors hereby wishes to inform shareholders of the timetable for
the rights offer:
2008
Last day to trade in All Joy shares
in order to settle by the record date
and to qualify to participate in the
rights offer (cum entitlement) on Friday, 11 July
Listing of letters of allocation
on the JSE commences at commencement
of trading Monday, 14 July
Shares commence trading ex-rights
on the JSE at commencement
of trading Monday, 14 July
Record date for participation in
the rights offer at the close of
business on Friday, 18 July
Rights offer circular and, where
applicable, a form of instruction
posted to shareholders Monday, 21 July
Rights offer opens at commencement
of trading Monday, 21 July
Dematerialised shareholders will
have their accounts at their CSDP or
broker automatically credited
with their entitlement Monday, 21 July
Certificated shareholders on the
register will have their entitlement
credited to an account held with
the transfer secretaries Monday, 21 July
Last day to trade in letters of
allocation on the JSE on Friday, 1 August
Listing of rights offer shares
commences at commencement of
trading on Monday, 4 August
Rights offer closes at 12:00 - payments
to be made and form of instruction
in respect of letters of allocation
lodged by certificated
shareholders by 12:00 ( see note 5) Friday, 8 August
Record date for letters of
allocation on Friday, 8 August
Dematerialised shareholders` accounts
will be updated with entitlements and
debited by their CSDP or broker and
certificates posted to certificated
shareholders Monday, 11 August
Results of rights offer released
on SENS Monday, 11 August
No share certificates may be dematerialised or rematerialised between Monday, 14
July 2008 and Friday, 18 July 2008, both days inclusive.
All conditions precedent have now been fulfilled, with the exception of approval
by the Competition Commission.
3. DOCUMENTATION
On 21 July 2008, All Joy shall post to every shareholder registered as such on
the record date; the letters of allocation in respect of the rights offer,
accompanied by a circular ("the circular") and such other documents as may be
required in terms of the Companies Act, 1973, and the Listings Requirements of
the JSE. The circular and letters of allocation will outline the detailed terms
and conditions applicable to the rights offer in addition to other relevant
information.
4. DATES
The above dates and times are subject to amendment. Details of such amendment
will be released on SENS.
27 June 2008
Johannesburg
Designated Adviser
Exchange Sponsors
Date: 27/06/2008 16:05:02 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.
