| Tue 22 Sep 2009, 14:50 | | TBS - Tiger Brands - Placement Of 10 326 758 Shares Of Adcock Ingram Holdings |
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TBS
TIIH
TBS - Tiger Brands - Placement Of 10,326,758 Shares Of Adcock Ingram Holdings
Limited
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
("Tiger Brands")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE
UNITED STATES OR ANY OTHER JURISDICTION.
PLACEMENT OF 10,326,758 SHARES OF ADCOCK INGRAM HOLDINGS LIMITED
Tiger Brands is pleased to announce that, following agreement between its
subsidiary Tiger Consumer Brands Limited and Deutsche Securities (the
"Bookrunner"), a total of 10,326,758 ordinary shares in Adcock Ingram
Holdings Limited ("Adcock"), representing in aggregate approximately 5.95% of
the issued share capital of Adcock (the "Placing"), have been placed at a
price of R45.50 per ordinary share raising gross proceeds of R469.9 million,
the Placing being oversubscribed a number of times.
Settlement of the Placing is expected to take place on 30 September 2009.
The Placing price of R45.50 represents a discount of 2.36% to the daily
volume weighted average price of Adcock shares on the JSE Limited at the
market close on 21 September, being R46.60.
For further information please contact:
Tiger Brands: Clive Vaux +27 11 840 4443
Deutsche Securities: Muneer Ismail +27 11 775 7230 (sales)
Deutsche Securities: Kevin Latter +27 11 775 7426 (banking)
This announcement is not for publication or distribution or release in the
United States of America (including its territories and possessions, any
state of the United States and the District of Columbia). This announcement
does not constitute or form part of an offer or solicitation of an offer to
purchase or subscribe for securities in the United States or any other
jurisdiction. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the
"Securities Act"), and may not be offered or sold, directly or indirectly, in
the United States, absent registration or an exemption from, or transaction
not subject to, the registration requirements of the Securities Act. No
public offering of securities is being made in the United States. This
announcement does not and is not intended to constitute an offer to the
public in South Africa in terms of Chapter VI of the South African Companies
Act, 1973 (as amended).
Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan.
Johannesburg
22 September 2009
Sponsor
JP Morgan Equities Limited
Investment Advisor and Sole Bookrunner
Deutsche Securities
Date: 22/09/2009 14:50:08 Produced by the JSE SENS Department.
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