| Fri 21 May 2010, 12:09 | | HLM - Hulamin - Rights Offer Finalisation Announcement |
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HLM
HLM
HLM - Hulamin - Rights Offer Finalisation Announcement
Hulamin Limited
Incorporated in the Republic of South Africa
(Registration number: 1940/013924/06)
ISIN: ZAE000096210
Share Code: HLM
("Hulamin")
RIGHTS OFFER FINALISATION ANNOUNCEMENT
1. Introduction
Shareholders are referred to the Terms announcement released on the Securities
Exchange News Service ("SENS") of the JSE Limited ("JSE") on 14 May 2010 and in
the press on 17 May 2010 wherein Hulamin announced the raising of R750 million
equity capital by way of a partially underwritten Rights Offer of 100 000
000 new ordinary shares of 10 cents each ("Rights Offer Shares") to qualifying
Hulamin ordinary shareholders and their renouncees, that are eligible to
participate, at a subscription price of R7.50 per Rights Offer Share in the
ratio of 46.25457 rights for every 100 Hulamin ordinary shares held on the
record date (the "Rights Offer").
2. Conditions precedent
All conditions precedent to the Rights Offer have now been fulfilled. The Rights
Offer will accordingly proceed in terms of the timetable set out below.
3. Salient dates and times
The salient dates and times in respect of the Rights Offer are set out below.
2010
Last day to trade in ordinary shares in order to Friday, 28 May
participate in the Rights Offer (cum entitlement)
Ordinary shares commence trading ex-entitlement at Monday, 31 May
09:00 on
Listing of and trading in the letters of allocation on Monday, 31 May
the JSE commences at 09:00 on
Record date for the Rights Offer for purposes of Friday, 4 June
determining shareholders entitled to participate in
the Rights Offer at the close of trade on
Rights Offer circular and revised listing particulars Monday, 7 June
as well as a form of instruction, where applicable,
posted to shareholders
Rights Offer opens at 09:00 on Monday, 7 June
Letters of allocation credited to an electronic
account held at the transfer secretaries in respect of Monday, 7 June
holders of certificated ordinary shares CSDP, or
broker accounts credited with entitlements in respect
of holders of dematerialised ordinary shares
Last day for trading letters of allocation on the JSE Friday, 18 June
in order to settle trades by the close of the Rights
Offer
For certificated shareholders wishing to sell or Friday, 18 June
renounce all or part of their entitlement, forms of
instruction to be lodged with the transfer secretaries
by 12:00 on
Listing of Rights Offer Shares and trading therein on Monday, 21 June
the JSE commences at 09:00 on
Rights Offer closes at 12:00 on Friday, 25 June
For certificated ordinary shareholders wishing to Friday, 25 June
accept all or part of their entitlement, payment to be
made and forms of instruction to be lodged with the
transfer secretaries by 12:00 on
Record date for the letters of allocation Friday, 25 June
Rights Offer Shares issued on or about Monday, 28 June
CSDP or broker accounts in respect of holders of
dematerialised ordinary shares debited and Monday, 28 June
updated with Rights Offer Shares and share
certificates posted to certificated ordinary
shareholders by ordinary post on or about
Results of the Rights Offer and basis of allocations Monday, 28 June
of excess Rights Offer Shares announced on SENS
Results of the Rights Offer and basis of allocations Tuesday, 29 June
of excess Rights Offer Shares published in the press
Refund cheques and/or share certificates posted to Wednesday, 30 June
certificated ordinary shareholders and/or CSDP
accounts credited in respect of excess applications,
if applicable, on or about
Notes:
a)Share certificates in respect of ordinary shares may not be dematerialised or
rematerialised between Monday, 31 May 2010 and Friday, 4 June 2010, both days
inclusive.
b)CSDPs effect payment on a delivery versus payment method in respect of
qualifying shareholders holding dematerialised shares.
c)If you are a qualifying shareholder holding dematerialised ordinary shares you
are required to notify your duly appointed CSDP or broker of your acceptance of
the Rights Offer in the manner and time stipulated in the custody agreement
governing the relationship between yourself and your CSDP or broker.
d)All times are South African times.
4. Circular
The Rights Offer circular setting out the detailed terms of the Rights Offer
will be posted to shareholders on Monday, 7 June 2010.
Johannesburg
21 May 2010
Joint advisor and sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Joint advisor
Standard Bank
Legal advisor
Bowman Gilfillan Inc.
Date: 21/05/2010 12:09:04 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.
