WEA - WG Wearne Limited - Results of the Rights Offer
WEA WEAN
WEA
WEA - WG Wearne Limited - Results of the Rights Offer
WG WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/005983/06)
JSE code: WEA
ISIN: ZAE000078002
JSE code for LAs: WEAN
ISIN for LAs: ZAE000143061
("Wearne" or "the company")
RESULTS OF THE RIGHTS OFFER
Wearne announces the results of the rights offer of up to 77 263 879 new
ordinary shares in the ratio of 42 new ordinary shares for every 100 ordinary
shares held on the record date at a subscription price of R0.40 per new ordinary
share. In terms of the rights offer:
- shareholders and their renouncees applied for 6 513 545 new ordinary shares;
- excess applications for 1 616 457 new ordinary shares were received which were
fully allocated; and
- 57 500 000 new ordinary shares were taken up by the subscribers in terms of
the subscription agreement,
resulting in the issued share capital of the company increasing by 65 630 002
ordinary shares to 249 591 619 ordinary shares.
The safe custody accounts of dematerialised shareholders have been credited with
the new Wearne shares.
Sandton
1 February 2010
Designated Adviser
Vunani Corporate Finance
Legal adviser
Fluxmans Inc.
Date: 01/02/2010 12:33:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
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,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
