| Fri 26 Feb 2010, 16:56 | | MYD - Myriad - Salient Dates Of The Rights Offer |
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MYD
MYD
MYD - Myriad - Salient Dates Of The Rights Offer
MYRIAD MEDICAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/006371/06)
Share code: MYD
ISIN Code: ZAE000085825
("Myriad" or "the company")
SALIENT DATES OF THE RIGHTS OFFER
INTRODUCTION
Shareholders were advised by way of a SENS announcement on 4 December 2009
that the company had resolved to undertake a fully underwritten rights offer
to Myriad shareholders in order to raise R100 million to discharge the cash
consideration portion of the purchase consideration for the acquisition of a
51% interest in Litha Healthcare Holdings (Proprietary) Limited.
SALIENT TERMS OF THE RIGHTS OFFER
Myriad shareholders will be offered 79,16 new Myriad shares for every 100
ordinary shares held by them on the record date for participation in the
rights offer.
The subscription price will be 80 cents per rights offer share, a 1.42%
premium on the 30 day VWAP as at 14 December 2009.
TIMETABLE
Subject to the registration of the rights offer circular, forms of
instruction and other relevant documents with the Registrar of Companies by
Friday 5 March 2010, the timetable for the rights offer will be as follows:
2010
Last day to trade in Myriad shares in order to Friday, 12 March
participate in the rights offer
Listing and trading of letters of allocation on the Monday, 15 March
JSE under the JSE code: MYDN and ISIN ZAE000144374
on
Myriad shares commence trading on the JSE ex-rights Monday, 15 March
offer entitlement
Record date for determination of shareholders
entitled to participate in the rights offer Friday, 19 March
(initial record date)
Rights offer opens at 09:00 on Tuesday, 23 March
Rights offer circular and forms of instruction Tuesday, 23 March
posted to shareholders, where applicable
Dematerialised shareholders will have their Tuesday, 23 March
accounts at their CSDP or broker automatically
credited with their entitlement on
Certificated shareholders on the register will have Tuesday, 23 March
their entitlement credited to an account held with
the transfer secretaries
Last day to trade letters of allocation on the JSE Friday, 9 April
Maximum number of rights offer shares listed and Monday, 12 April
trading therein commences on the JSE
Rights offer closes at 12:00 on (see note 1) Friday, 16 April
Record date for letters of allocation (final record Friday, 16 April
date)
New Myriad shares issued Monday, 19 April
Dematerialised shareholders` accounts updated and Monday, 19 April
debited with the cost of the take-up by their CSDP
or broker, and certificates posted to certificated
shareholders (in respect of the rights offer
shares)
Results of rights offer announced on SENS Monday, 19 April
Results of rights offer announced in the press Tuesday, 20 April
Refunds (if any) to certificated shareholders in Tuesday, 20 April
respect of unsuccessful excess applications made
New Myriad shares issued in respect of successful Wednesday, 21 April
excess applications for certificated shareholders
on or about
Dematerialised shareholders` accounts updated and Wednesday, 21 April
debited with the cost of the take-up by their CSDP
or broker, and certificates posted to certificated
shareholders (in respect of successful excess
shares applications)
Notes:
1. Dematerialised shareholders are required to inform their CSDP or broker
of their instructions in terms of the rights offer in the manner and
time stipulated in the agreement governing the relationship between the
shareholder and its CSDP or broker.
2. Share certificates may not be dematerialised or rematerialised between
Monday, 15 March 2010 and Friday, 19 March 2010, both days inclusive.
3. Dematerialised shareholders will have their accounts at their CSDP or
broker automatically credited with their rights and certificated
shareholders will have their rights credited to a nominee account at
Computershare Investor Services (Proprietary) Limited.
4. CSDPs effect payment in respect of dematerialised shareholders on a
delivery-versus-payment method.
5. The dates above are subject to change. Any changes will be released on
SENS.
DOCUMENTATION
On Tuesday, 23 March 2010, a circular containing full details of the rights
offer, letters of allocation and other such documents as may be required by
the Companies Act (Act 61 of 1973) and the JSE Listings Requirements, will be
posted to shareholders who are registered as such on the initial record date
being Friday, 19 March 2010.
26 February 2010
Corporate advisor, legal advisor and designated advisor to the company
Java Capital (Proprietary) Limited
Reporting accountants and auditors
Mazars Moores Rowland
Underwriter
Blackstar Group Plc
Legal advisor to the underwriter
Edward Nathan Sonnenbergs Inc.
Date: 26/02/2010 16:56:02 Produced by the JSE SENS Department.
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