| Fri 21 May 2010, 11:29 | | EQS - Eqstra Holdings Limited - Rights offer finalisation announcement |
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EQS
EQS
EQS - Eqstra Holdings Limited - Rights offer finalisation announcement
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1998/011672/06)
Share code: EQS, ISIN: ZAE000117123
("Eqstra" or "the Group")
Rights offer finalisation announcement
1. Introduction
Eqstra shareholders are referred to the rights offer declaration
announcement released on the Securities Exchange News Service ("SENS") of
the JSE Limited ("JSE") on 14 May 2010 and in the South African press on 17
May 2010 wherein Eqstra announced the terms of its R650 million rights
offer (the "Rights Offer").
2. Conditions precedent
The board of directors of Eqstra is pleased to advise Eqstra shareholders
that all of the suspensive conditions pertaining to the Rights Offer have
been fulfilled:
- approval has been obtained from the JSE for the Rights Offer circular;
- approval has been obtained from the JSE for the listing of the letters of
allocation and the listing of the Rights Offer shares; and
- registrations have been obtained for the special resolution of the
shareholders of Eqstra passed at the general meeting of Eqstra shareholders
on Wednesday, 12 May 2010, the Rights Offer circular together with the
necessary supporting documentation including, but not limited to, the
underwriting agreement entered into by Eqstra and the underwriters
pertaining to the Rights Offer and form of instruction from the Companies
and Intellectual Property Registration Office of South Africa.
3. Salient dates and times
The timetable for the Rights Offer is set out below.
Last day to trade in Eqstra shares in order to Friday, 28 May 2010
participate in the Rights Offer (cum entitlement)
Eqstra shares commence trading ex-entitlement at 09:00 Monday, 31 May 2010
on
Listing of and trading in the renounceable letters of Monday, 31 May 2010
allocation on the JSE commences at 09:00 under the JSE
code: EQSN and ISIN: ZAE000146189 on
Record date for the Rights Offer Friday, 4 June 2010
Rights Offer circular and form of instruction, where Monday, 7 June 2010
applicable, posted to Eqstra shareholders
Rights Offer opens at 09:00 on Monday, 7 June 2010
Letters of allocation credited to an electronic account Monday, 7 June 2010
held at the transfer secretaries in respect of holders
of certificated Eqstra shares
Central Securities Depository Participant ("CSDP") or Monday, 7 June 2010
broker accounts credited with entitlements in respect
of holders of dematerialised Eqstra shares
Last day for trading letters of allocation on the JSE Friday, 18 June
2010
Listing of Rights Offer shares and trading therein on Monday, 21 June
the JSE commences at 09:00 on 2010
Payment to be made and form of instruction to be lodged Friday, 25 June
with the transfer secretaries by holders of 2010
certificated Eqstra shares
Rights Offer closes at 12:00 (see note 4) on Friday, 25 June
2010
Record date for the letters of allocation Friday, 25 June
2010
Rights Offer shares issued on or about Monday, 28 June
2010
CSDP or broker accounts of holders of dematerialised Monday, 28 June
shares debited and updated with Rights Offer shares 2010
Share certificates posted to certificated shareholders Monday, 28 June
by registered post on or about 2010
Results of the Rights Offer announced on SENS Monday, 28 June
2010
Results of the Rights Offer published in the press Tuesday, 29 June
2010
Rights Offer shares in respect of successful excess Wednesday, 30 June
applications (if applicable) issued on or about 2010
CSDP or broker accounts of holders of dematerialised Wednesday, 30 June
shares debited and updated with Rights Offer shares in 2010
respect of successful excess applications (if
applicable)
Share certificates in respect of successful excess Wednesday, 30 June
applications (if applicable) posted to certificated 2010
shareholders by registered post on or about
Refund cheques posted to holders of certificated shares Wednesday, 30 June
in respect of unsuccessful excess applications (if 2010
applicable) on or about
Notes:
1) Share certificates in respect of Eqstra shares may not be
dematerialised or rematerialised between Monday, 31 May 2010 and
Friday, 4 June 2010, both days inclusive.
2) Unless otherwise indicated, all times are South African times.
3) CSDPs effect payment on a delivery versus payment basis in respect of
dematerialised shares.
4) Dematerialised shareholders are required to inform their CSDP or
brokers 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 their CSDP or broker.
4. Rights Offer circular
The Rights Offer circular, incorporating revised listing particulars and a
form of instruction in respect of a letter of allocation, where applicable
will be posted to all Eqstra shareholders registered on the record date for
the Rights Offer on or about Monday, 7 June 2010.
Johannesburg
21 May 2010
Investment bank and transaction sponsor
Standard Bank
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Legal adviser
Webber Wentzel
Date: 21/05/2010 11:29:01 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.
