| Tue 29 Jul 2008, 17:53 | | PPE - Purple Capital Limited - Fully underwritten rights offer - further terms |
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PPE
PPE
PPE - Purple Capital Limited - Fully underwritten rights offer - further terms
Purple Capital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/013637/06)
Share code: PPE ISIN: ZAE000071411
("Purple Capital" or "the company")
FULLY UNDERWRITTEN RIGHTS OFFER - FURTHER TERMS
1 Introduction
Shareholders are referred to the announcement of 10 July 2008 "FULLY
UNDERWRITTEN RIGHTS OFFER" wherein shareholders were advised that they
would be offered 38 convertible redeemable debentures of R1.00
each("convertible debentures")for every 100 shares held at the record date.
Following the announcement, certain significant shareholders have made a
commitment to subscribe for ordinary shares in the company at 50 cents per
share, in preference to the convertible debentures.
In response, the board has resolved that, for every 100 shares held at the
record date, shareholders will be granted the right to subscribe for:
both
* 38 convertible debentures of R1.00 each on the terms set out in the
announcement of 10 July 2008;
and
* 76 ordinary shares in the company at a subscription price of 50 cents
per share
Separate letters of allocation will be listed in respect of the convertible
debenture and ordinary share rights. Excess shares or debentures may be
applied for.
2 Salient dates and times
2008
Last day to trade in order to qualify to Friday,
participate in the rights offer (cum 12 Sep
entitlement) on
Listing and trading of letters of allocation Monday,
on the JSE commences at 09:00 on 15 Sep
Purple Capital shares commence trading ex- Monday,
rights on the JSE at 09:00 15 Sep
Record date for the rights offer at the close Friday,
of business on 19 Sep
Rights offer opens at 09:00 on Monday,
22 Sep
Allotment and issue of renounceable letters Monday,
of allocation on 22 Sep
Circular and form of instruction (where Monday,
applicable) posted to ordinary shareholders 22 Sep
on
Last day for trading in letters of allocation Friday,
on JSE 3 October
Listing of rights shares and convertible Monday,
debentures at 09:00 on the JSE on 6 October
Rights offer closes at 12:00 on (see note 2) Friday,
10
October
Record date for the letters of allocation Friday,
10
October
Allotment and issue of convertible debentures Monday,
and ordinary shares on 13
October
Share and debenture certificates posted to Monday,
shareholders on or about 13
October
Refund cheques if any to be posted to Monday,
shareholders on or about 13
October
CSDP/Broker accounts in respect of Monday,
dematerialised Purple Capital shares debited 13
and updated on October
Results of rights offer released on SENS on Monday,
13
October
Results of the rights offer released in the Tuesday,
press on or about 14
October
Note 1: Share certificates may not be dematerialised or dematerialised between
Monday, 15 September 2008 and Friday, 19 September 2008, both days inclusive.
Note 2: Dematerialised shareholders are required to notify their duly appointed
CSDP or broker of their acceptance of the rights offers in the manner and time
stipulated in the agreement governing the relationship between the shareholder
and his CSDP or broker.
Note 3: CSDP or brokers effect payment in respect of dematerialised shareholders
on a delivery vs payment method.
3 Conditions precedent
The rights offer is conditional upon, inter alia:
* the granting by the JSE of a listing of the convertible debentures,
ordinary shares and the letters of allocation;
* the registration by the Registrar of Companies of all documents required in
respect of the rights offer; and
* such regulatory and other approvals as may be required.
4 Circular
A circular to shareholders containing full details of the rights offer will be
posted to shareholders on or about 22 September 2008.
Johannesburg
29 July 2008
Sponsor: KPMG Services (Pty) Ltd
Date: 29/07/2008 17:53:02 Produced by the JSE SENS Department.
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