RAC - Racec Group Limited - Results of Rights Offer
RAC
RAC
RAC - Racec Group Limited - Results of Rights Offer
RACEC GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/006153/06)
Share code: RAC & ISIN: ZAE000105409
("RACEC" or "the company")
RESULTS OF RIGHTS OFFER
Further to the circular to RACEC shareholders posted on Monday, 21 June 2010
regarding a fully underwritten renounceable rights offer of 25 000 007 shares at
an issue price of 40 cents per share in the ratio of 17.08042 rights offer
shares ("Rights Offer Shares") for every 100 shares held ("Rights Offer
Circular"), 134 971 shares were subscribed for by shareholders in terms of the
shareholders` pro rata entitlement based on their shareholding at the record
date of the Rights Offer, being 18 June 2010.
In terms of paragraph 6 of the Rights Offer Circular, Rights Offer Shares not
subscribed for by shareholders would be allocated to Solethu Civils Holdings
(Proprietary) Limited as the underwriter to the Rights Offer ("the
Underwriter"). Consequently, 24 865 036 Rights Offer Shares have been allocated
to the Underwriter.
Share certificates will be mailed to certificated shareholders today and, in
respect of dematerialised shareholders, the number of shares will today be
credited directly to the relevant CSDP or broker.
Cape Town
12 July 2010
Designated Adviser
Merchantec Capital
Date: 12/07/2010 15:27:01 Produced by the JSE SENS Department.
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