DAW
DAW
DAW - Dawn - Renewal of Cautionary Announcement
Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW
ISIN code: ZAE000018834
("Dawn" or "the company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders were advised in a cautionary announcement, included in the audited
preliminary results released on SENS on 8 September 2009, that the Company was
negotiating the issue of a convertible debt instrument and that shareholders
would be advised of the detail thereof in due course.
Subsequent to the publication of above cautionary announcement, numerous Dawn
shareholders notified the company that they would wish to participate in a
capital raising programme initiated by the company.
Consequently Dawn has withdrawn from pursuing the convertible bond transaction
and will be launching a rights offer to its shareholders. The rights offer will
be renounceable and fully underwritten. In addition, the rights offer is to be
underwritten at an offer price per share which is less dilutive to those
shareholders who do not wish to follow their rights than would have been the
case in terms of the convertible bond transaction.
Shareholders are advised that these new developments may have a material effect
on the price of the company`s shares and accordingly are advised to continue
exercising caution when dealing in the company`s shares until a full
announcement is made.
Johannesburg
21 October 2009
Corporate adviser
Bishop Corporate Finance (Pty) Ltd
(Registration number 2000/012695/07)
Transaction Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
(Registration number 1970/003711/07)
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
(Registration number 1996/000034/07)
Date: 21/10/2009 16:00:01 Produced by the JSE SENS Department.
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