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ILV
ILV
ILV - Illovo - Results Of The Rights Offer
Illovo Sugar Limited
(Incorporated in the Republic of South Africa)
Registration number 1906/000622/06
Share Code: ILV
ISIN: ZAE000083846
("Illovo")
RESULTS OF THE RIGHTS OFFER
Shareholders are referred to the announcements released on the Securities
Exchange News Service of the JSE Limited on 6 August 2009 and 24 August 2009,
relating to the renounceable rights offer of 108 342 362 Illovo shares ("the
Rights Offer Shares") to Illovo shareholders or their renouncees at a
subscription price of 2 769 cents per Rights Offer Share on the basis of
30.83459 Rights Offer Shares for every 100 Illovo shares held at the close of
trade on the record date of the rights offer ("the Rights Offer").
The Rights Offer closed on Friday, 11 September 2009 and the results thereof are
set out in the table below.
Number of % of Rights
shares Offer Shares
Rights Offer Shares available for subscription 108 342 362 100.0%
Rights Offer Shares subscribed for 107 666 561 99.4%
No excess applications were allowed. The Rights Offer was underwritten by ABF
Overseas Limited ("the Underwriter").
The 675 801 Rights Offer Shares not taken up by Illovo shareholders, comprising
0.6% of the Rights Offer Shares, will be allocated to the Underwriter.
Share certificates will be posted to holders of certificated shares today, being
Monday, 14 September 2009. The safe custody accounts of holders of
dematerialised shares or their renouncees, who have followed their rights, will
be updated and accounts credited by their Central Securities Depository
Participant or broker today.
Mount Edgecombe
14 September 2009
Investment Bank and transaction sponsor
Standard Bank
Legal adviser
Garlicke & Bousfield Inc.
Independent reporting accountants
Deloitte & Touche
Sponsor
J.P. Morgan Equities Limited
Underwriter
ABF Overseas Limited
Corporate adviser to the Underwriter
N M Rothschild & Sons (South Africa) (Proprietary) Limited
Legal adviser to the Underwriter
Bowman Gilfillan Inc.
Date: 14/09/2009 10:21:01 Produced by the JSE SENS Department.
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indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
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