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ZED
ZED
ZED - Zeder Investments Limited - Results Of The Rights Offer
ZEDER INVESTMENTS LIMITED
Registration number: 2006/019240/06
Share Code: ZED
ISIN Number: ZAE000088431
("Zeder")
RESULTS OF THE RIGHTS OFFER
Further to the announcements dated 26 March 2009 and 29 April 2009, regarding
the partially underwritten renounceable rights offer ("the Rights Offer"), Zeder
shareholders are advised that the results of the Rights Offer, which closed at
12:00 on Friday, 5 June 2009, are as follows:
Number of % of Rights
Rights Offer Offer shares
shares
Total number of Rights Offer 366 783 194 100.00%
shares available for
subscription
Rights Offer shares 360 366 425 98.25%
subscribed for by Zeder
shareholders
Underwritten Rights Offer 6 416 769 1.75%
shares to be issued to the
Underwriter
Excess Applications made by 154 002 481 41.99%
Zeder shareholders
The Rights Offer was partially underwritten by Coronation Asset Management (Pty)
Limited ("the Underwriter") up to a maximum of R100 million or 74 074 074 Rights
Offer shares. As stated in the Rights Offer circular of 18 May 2009, the
underwritten Rights Offer shares take precedence over excess applications made
by Zeder shareholders. Accordingly, none of the excess applications as indicated
in the table above will be allocated. The Rights Offer has been oversubscribed
in excess of 40%.
The Zeder Board wishes to thank its shareholders for their support of the Rights
Offer and confidence in Zeder`s strategy.
Holders of certificated shares will have new share certificates posted to them
and Central Securities Depository Participant ("CSDP") or broker accounts will
be updated and debited on or about Monday, 8 June 2009.
Stellenbosch
8 June 2009
Sponsor
PSG Capital (Pty) Limited
Date: 08/06/2009 15:32:02 Produced by the JSE SENS Department.
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