PGL - Pallinghurst - Finalisation Announcement Regarding The Capital Raising Of
PGL
PGL
PGL - Pallinghurst - Finalisation Announcement Regarding The Capital Raising Of
R800 Million By Way Of A Renounceable Rights Offer To All Shareholders
PALLINGHURST RESOURCES LIMITED
(Previously Pallinghurst Resources (Guernsey) Limited)
(Incorporated in Guernsey)
(Registration number 47656)
Share code on the BSX: PALLRES ISIN: GG00B27Y8Z93
Share code on the JSE: PGL
("Pallinghurst" or "the Company")
FINALISATION ANNOUNCEMENT REGARDING THE CAPITAL RAISING OF R800 MILLION BY WAY
OF A RENOUNCEABLE RIGHTS OFFER TO ALL SHAREHOLDERS
1. Introduction
Pallinghurst shareholders are referred to the Company`s announcement
released on the Securities Exchange News Service on Tuesday, 11 August 2009
("Declaration Data Announcement"), regarding the proposed capital raising
of R800 million by way of a renounceable rights offer ("Rights Offer") and
are advised that the conditions precedent as set out in the Declaration
Data Announcement have now been fulfilled. As a result, the Rights Offer is
now unconditional and will be implemented in accordance with the timetable
set out in Declaration Data Announcement.
2. Circular
A circular setting out the detailed terms of the Rights Offer will be
posted on Monday, 7 September 2009 to shareholders recorded as such in the
Company`s share register on Friday, 4 September 2009.
21 August 2009
Guernsey
Investment bank JSE Sponsor Investment manager
Legal advisors in South Legal advisors in Reporting accountants
Africa Guernsey
Date: 21/08/2009 15:25:01 Produced by the JSE SENS Department.
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