| Mon 30 Nov 2009, 15:14 | | AFP - Alexander Forbes Preference - Results of the rights offer and final |
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AFP
AFP
AFP - Alexander Forbes Preference - Results of the rights offer and final
acquisition consideration
Alexander Forbes Preference Share Investments Limited
(Incorporated in the Republic of South Africa)
Registration number: 2006/031561/06
ISIN code: ZAE000098067
Share code: AFP
("AF Pref" or "the Company")
RESULTS OF THE RIGHTS OFFER AND FINAL ACQUISITION CONSIDERATION
Linked unitholders of the Company are referred to the announcements released on
SENS on 14 September 2009 and on 23 October 2009 and the circulars to linked
unitholders dated 16 September 2009 and 9 November 2009 ("Circulars") relating
to, inter alia:
- the rights offer in terms of which 90 000 000 rights offer linked units
("Rights Offer Linked Units") were offered for subscription by linked
unitholders in the ratio of 90 Rights Offer Linked Units for every 100 linked
units held at the close of business on Friday, 6 November 2009, at R3.50 per
Rights Offer Linked Unit ("Rights Offer"); and
- the acquisition by AF Pref of up to 26.5% (being the proportionate share)
of the relevant assets, as defined in the Circulars.
The Rights Offer closed on Friday, 27 November 2009. Subscriptions and
applications were received for 89 869 544 Rights Offer Linked Units,
representing 99.86% of the Rights Offer Linked Units offered in terms of the
Rights Offer and raising gross proceeds of R314 543 404.00.consequently, AF Pref
will today, Monday, 30 November 2009, acquire its full entitlement of 26.5% of
the relevant assets for an acquisition consideration of R310 507 743.00.
On Monday, 30 November 2009:
- dematerialised linked unitholders will have their CSDP or broker accounts
credited with the Rights Offer Linked Units subscribed for in terms of the
Rights Offer; and
- linked unit certificates in respect of the Rights Offer Linked Units
subscribed for in terms of the Rights Offer will be posted to certificated
linked unitholders.
Sandton
30 November 2009
Merchant bank and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Attorneys
Deneys Reitz Inc.
Reporting accountants
PricewaterhouseCoopers Inc.
Date: 30/11/2009 15:14:01 Produced by the JSE SENS Department.
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