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PPE
PPE
PPE - Purple Capital Limited - Fully underwritten rights offer - final 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 - FINAL TERMS
Introduction
The board of Purple Capital has resolved to raise approximately R120 million of
new equity through a fully underwritten rights offer at 30 cents per ordinary
share.
The terms outlined in the announcements of 10 July 2008 and 29 July 2008
relating to the issue of a combination of convertible debentures and ordinary
shares no longer apply.
Salient terms of the rights offer
Principal Amount R119 922 960
Number of ordinary shares to 399 743 200
be issued
Ratio of entitlement 127 ordinary shares for
every 100 ordinary shares
held at the record date
Issue price 30 cents per share
Excess shares Excess shares may be applied
for
Underwriting
The rights offer is fully underwritten by Investec Bank Limited.
Salient dates and times
2008
Last day to trade in order to qualify to Friday,
participate in the rights offer (cum 26Sep
entitlement) on
Listing and trading of letters of allocation Monday,
on the JSE commences at 09:00 on 29 Sep
Purple Capital shares commence trading ex- Monday,
rights on the JSE at 09:00 29 Sep
Record date for the rights offer at the close Friday,
of business on 3 Oct
Rights offer opens at 09:00 on Monday,
6 Oct
Allotment and issue of renounceable letters Monday,
of allocation on 6 Oct
Dematerialised shareholders will have their Monday,
accounts at their CSDP or broker 6 Oct
automatically credited with their letters of
allocation. Certificated shareholders will
have their letters of allocation credited
electronically to an account at Link Market
Services (Pty) Ltd
Circular and form of instruction (where Monday,
applicable) posted to ordinary shareholders 6 Oct
on
Last day for trading in letters of allocation Friday,
on JSE 17 Oct
Listing of rights shares at 09:00 on the JSE Monday,
on 20 Oct
Rights offer closes at 12:00 on (see note 3) Friday,
24 Oct
Record date for the letters of allocation Friday,
24 Oct
Allotment and issue of ordinary shares on Monday,
27 Oct
Share certificates posted to shareholders on Monday,
or about 27 Oct
Refund cheques posted to shareholders on or Monday,
about 27 Oct
CSDP/Broker accounts in respect of Monday,
dematerialised Purple Capital shares debited 27 Oct
and updated on
Results of rights offer released on SENS on Monday,
27 Oct
Results of the rights offer released in the Tuesday,
press on or about 28 Oct
Notes:
Share certificates may not be dematerialised or rematerialised between Monday,
29 September 2008 and Friday, 3 October 2008, both days inclusive.
Dematerialised shareholders are required to notify their duly authorised CSDP or
broker of their acceptance of the rights offer in the manner and time stipulated
in the agreement governing the relationship between the shareholder and his CSDP
or broker.
CSDP or brokers effect payment in respect of dematerialised shareholders on a
delivery versus payment method.
Conditions precedent
The rights offer is conditional upon, inter alia:
the granting by the JSE of a listing of the 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.
Circular
A circular to shareholders containing full details of the rights offer will be
posted to shareholders on or about 6 October 2008.
Johannesburg
22 August 2008
Sponsor: KPMG Services (Pty) Ltd
Date: 22/08/2008 07:14:01 Produced by the JSE SENS Department.
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