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SKW
SKW
SKW - Skinwell - Results Of The Claw-Back Offer And Changes Relating To
Directors` And Advisers` Shareholdings
SKINWELL HOLDINGS LIMITED
(formerly Placecol Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2003/02574/06)
JSE code: SKW
ISIN: ZAE000135893
("Skinwell" or "the company")
RESULTS OF THE CLAW-BACK OFFER AND CHANGES RELATING TO DIRECTORS` AND
ADVISERS` SHAREHOLDINGS
RESULTS OF THE CLAW-BACK OFFER
Skinwell announces the results of the claw-back offer to its shareholders of
137 767 451 new ordinary shares of R0.0001 each in its ordinary share capital
at a subscription price of R0.05 per new ordinary share in the ratio of 140
new ordinary shares for every 100 ordinary shares held at the close of trade
on Friday, 9 October 2009:
- Shareholders and their renouncees applied for 82 401 720 ordinary
shares, equivalent to 59.8% of the total number of shares offered in
terms of the claw-back offer;
- 743 265 excess applications were received which were fully allocated;
- The balance of 54 622 466 shares was taken up by the subscribers in
terms of the Subscription Agreement;
resulting in the share capital of the company increasing from 98 405 322
shares to 236 172 773 shares.
The safe custody accounts of dematerialised shareholders have been credited
with the new Skinwell shares.
CHANGES RELATING TO DIRECTORS` AND ADVISERS` SHAREHOLDINGS
Pursuant to the Subscription Agreement and as a result of directors and
advisers following their rights in terms of the claw-back offer, the
directors` and advisers` shareholdings have changed as follows:
Shareholding Shareholding
before the after the claw-
claw-back back offer %
DIRECTORS offer holding
LJ Rudolph - 2 000 000 0.8
SF Grobbelaar - 2 000 000 0.8
ADVISERS
WP van der Merwe 875 000 38 504 540 16.3
E Colyn 508 500 15 438 326 6.5
Midrand
2 November 2009
Corporate Adviser and Designated Adviser
Vunani Corporate Finance
Independent Lead Designated Adviser
Grindrod Bank Limited
Date: 02/11/2009 14:36:01 Produced by the JSE SENS Department.
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