| Mon 28 Jun 2010, 8:30 | | EQS - Eqstra Holdings Limited - Results of the Rights Offer |
|
EQS
EQS
EQS - Eqstra Holdings Limited - Results of the Rights Offer
Eqstra Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/011672/06
Share Code: EQS
ISIN: ZAE000117123
("Eqstra")
RESULTS OF THE RIGHTS OFFER
1. Results of the Rights Offer
Shareholders are referred to the announcements released on the Securities
Exchange News Service of the JSE Limited on 14 May 2010 and 21 May 2010,
relating to a R650 million renounceable rights offer of 154 761 905 new Eqstra
ordinary shares ("the Rights Offer Shares") at a subscription price of 420 cents
per Rights Offer Share ("the Rights Offer").
The Rights Offer closed at 12:00 on Friday, 25 June 2010 and the results thereof
are set out in the table below.
Number of % of
Rights Rights
Offer Offer
Shares Shares
Rights Offer Shares available for 154 761 905 100.0
subscription
Rights Offer Shares subscribed for 154 261 172 99.7
Excess Rights Offer Shares applied for 52 425 647 33.9
Excess Rights Offer Shares allocated 500 733 0.3
2. Issue of Rights Offer Shares
Share certificates will be posted to holders of certificated shares who have
followed their rights, on Monday, 28 June 2010.
The Central Securities Depository Participant ("CSDP") or broker accounts of
holders of dematerialised shares or their renouncees, who have followed their
rights, will be credited with the Rights Offer Shares and debited with any
payments due on Monday, 28 June 2010.
3. Excess applications
The excess Rights Offer Shares applied for were allocated in a manner viewed as
equitable in terms of the Listings Requirements of the JSE Limited, taking
cognisance of the number of shares held by the shareholder, including those
taken up as a result of the Rights Offer, and the number of excess Rights Offer
Shares applied for by such shareholder.
Share certificates and/or refund cheques will be posted to holders of
certificated shares who have applied for excess Rights Offer Shares, on or about
Wednesday, 30 June 2010.
The CSDP or broker accounts of holders of dematerialised shares who have applied
for excess Rights Offer Shares, will be credited with the excess Rights Offer
Shares and debited with any payments due, on or about Wednesday, 30 June 2010.
4. Underwriting
The Rights Offer was underwritten by Abax Investments (Pty) Ltd and Regarding
Capital Management (Pty) Ltd acting for and on behalf of certain of its clients
("the Underwriters").
No Rights Offer Shares were available to be allocated to the Underwriters.
Johannesburg
28 June 2010
Investment Bank and transaction sponsor
Standard Bank
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Legal adviser
Webber Wentzel
Date: 28/06/2010 08:30:01 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.
