| Tue 10 Aug 2010, 9:11 | | MDC - Medi-Clinic - Results of the rights offer |
|
MDC
MDC
MDC - Medi-Clinic - Results of the rights offer
Medi-Clinic Corporation Limited
Incorporated in the Republic of South Africa
Registration number 1983/010725/06
Share code: MDC
ISIN: ZAE000074142
("Medi-Clinic")
RESULTS OF THE RIGHTS OFFER
Further to the announcements on the Securities Exchange News Service ("SENS") on
21 June 2010 and 2 July 2010, shareholders of Medi-Clinic ("Shareholders") are
advised that the results of the renounceable rights offer of 59 301 395 Medi-
Clinic ordinary shares ("Rights Offer Shares") to Shareholders or their
renouncees at a price of 2 300 cents per Rights Offer Share ("the Rights
Offer"), which closed on Friday, 6 August 2010, are as follows:
Number of Rights % of Rights
Offer Shares Offer Shares
Rights Offer Shares available 59 301 395 100.0
for subscription
Rights Offer Shares subscribed 59 113 998 99.7
for
Total excess applications 39 529 237 66.7
received
Total Rights Offer Shares 98 643 235 166.3
subscribed for and excess
applications received
Total excess applications to be 187 397 0.3
allocated
Rights Offer Shares available 0 0.0
for the underwriter
The Rights Offer Shares in respect of excess applications have been allocated in
an equitable manner, taking cognisance of the number of Medi-Clinic shares held
by each applicant prior to such allocation and the number of Rights Offer Shares
for which application was made.
The Rights Offer was underwritten by The Standard Bank of South Africa Limited
("the Underwriter"). Due to the fact that the Rights Offer was fully subscribed,
after taking into account the excess applications received, the Underwriter will
not be allocated any Rights Offer Shares.
The timetable for the issue and settlement of the Rights Offer Shares is set out
below.
Central Securities Depository Participant Tuesday, 10 August 2010
("CSDP") or broker accounts in respect of holders
of dematerialised Medi-Clinic shares debited with
the payment due and updated with Rights Offer
Shares and share certificates posted to
certificated shareholders by registered post on
or about
In respect of excess applications, CSDP or broker Thursday, 12 August 2010
accounts in respect of holders of dematerialised
Medi-Clinic shares debited with the payment due
and updated with Rights Offer Shares and share
certificates posted to certificated shareholders
by registered post on or about
Refund cheques posted to holders of certificated Thursday, 12 August 2010
shares in respect of unsuccessful excess
applications on or about
Stellenbosch
10 August 2010
Investment bank, transaction sponsor and underwriter
Standard Bank
Independent sponsor to Medi-Clinic
Barnard Jacob Mellet Corporate Finance (Pty) Ltd
Legal adviser to Medi-Clinic
Cliffe Dekker Hofmeyr Inc.
Legal adviser to the underwriter
Bowman Gilfillan Inc.
Independent reporting accountants
PricewaterhouseCoopers Inc.
Date: 10/08/2010 09:11:08 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.
