|
JDH
JDH
JDH - John Daniel Holdings Limited - Pro forma financial effects of the
conversion of the Golden Oak Corporate Advisors (PTY) Ltd loan account to its
nominees and withdrawal of cautionary announcement
JOHN DANIEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013215/06)
Share code: JDH ISIN ZAE000044343
("the company" or "JDH")
PRO FORMA FINANCIAL EFFECTS OF THE CONVERSION OF THE GOLDEN OAK CORPORATE
ADVISORS (PTY) LTD LOAN ACCOUNT TO ITS NOMINEES AND WITHDRAWAL OF CAUTIONARY
ANNOUNCEMENT
Stakeholders are advised that the conversion of a major portion of the Golden
Oak Corporate Advisors (Pty) Ltd ("Golden Oak") loan account will take place on
Monday 10 May 2010. Accordingly the loan of R11 893 045, together with interest
will be settled by the issue and allotment of 91 980 241 ordinary shares to two
parties nominated by Golden Oak. The JSE has granted permission for an
additional listing of the shares on Monday 10 May 2010.
The loan amount was settled in terms of the original agreement at a weighted
average price of 12.93 cents per share, being the weighted average price less
10% as at 31 March 2010. Golden Oak retains a loan account of approximately
R115 000 as at 31 March 2010, which will be converted at a later stage. The
figures make provision for the conversion of the full loan account as well as
corporate fees to the value of R600 000.
The table below sets out the unaudited pro forma net asset value, net tangible
asset value per share, earnings and headline earnings per share. These pro
forma figures are presented for illustrative purposes only and because of their
nature may not give a fair reflection of the company`s financial position after
the conversion. The unaudited pro forma information is the responsibility of
the directors of the company.
Before Adjustments After Percentag
e change
Net asset value per share (8.62) 13.14 4.52 152.37
(cents)
Net tangible asset value per (11.68) 15.05 3.37 128.84
share (cents)
Earnings per share (cents) (5.34) 3.74 (1.60) 70.06
Headline earnings per share 3.74 (1.60) 70.06
(cents) (5.34)
Number of shares in issue (000) 58 520 97 501 156 021 166.61
Weighted number of shares in 58 520 97 501 156 021 166.61
issue (000)
Assumptions:
Balance sheet
1) The "Before" column is extracted from the company`s unaudited interim
results for the six months ended 31 December 2009 before adjusting for the
effects of the loan conversion.
2) The "After" column shows the pro forma effects of the loan conversion as
though the conversion had been in effect as at 31 December 2009.
3) Share capital has been adjusted for the issue of 97 739 281 shares at par
value of 1 cent per share.
4) Share premium account has been adjusted for the issue of 97 739 281 shares
at a premium of 11.94 cents per share.
5) The share premium account has been adjusted for the write off of
transaction costs of R 600 000.
Income statement
1) The "Before" column is extracted from the company`s unaudited interim
results for the year ended 31 December 2009.
2) The "After" column shows the pro forma effects of the conversion of the
loan as though the conversion had been in effect from 1 July 2009.
3) Interest accrued during the interim period has been reversed in the
"adjustment" column.
Stakeholders are advised that the company is in process of drafting a notice of
general meeting to members inter alia requesting an increase in the authorised
share capital.
Withdrawal of cautionary
Shareholders are referred to previous cautionary announcements and renewals
thereof and are advised that caution is no longer required when dealing in the
company`s securities.
Stellenbosch Sponsor: Arcay Moela Sponsors (Pty) Ltd
07 May 2010
Date: 07/05/2010 16:09:03 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. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
