SER SRN
SER
SER/SRN - Seardel - Results Of The Rights Offer
SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/011249/06)
Share code: SER & ISIN Code: ZAE000029815
Share code: SRN & ISIN Code: ZAE000030144
("Seardel" or "the company")
RESULTS OF THE RIGHTS OFFER
Shareholders are referred to the rights offer ("the rights offer") to Seardel
ordinary and "N" ordinary shareholders which closed on Friday, 24 October 2008.
The directors are pleased to advise that shareholders and their renouncees
(excluding Hosken Consolidated Investments Limited ("HCI") applied for 115 453
438 new Seardel ordinary shares ("rights offer shares"), equivalent to 18.83% of
the rights offer shares. HCI, being one of the underwriters of the rights offer,
will take up 497 603 811 of the remaining rights offer shares. This will result
in HCI holding some 70.6% of the total issued share capital of the company.
The accounts of dematerialised shareholders will be debited and updated by their
CSDP/broker on Monday, 27 October 2008 and certificated shareholders will have
certificates posted to them on or about Wednesday, 29 October 2008
27 October 2008
Corporate advisor and sponsor
Java Capital (Proprietary) Limited
Legal advisor
Edward Nathan Sonnenbergs Inc.
Reporting accountants and auditors
KPMG Inc.
Date: 27/10/2008 15:44:06 Produced by the JSE SENS Department.
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