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BDM
BDM
BDM - Buildmax Limited - Update on the rights offer
Buildmax Limited
(Registration No. 1995/012209/06)
Share Code: BDM ISIN Code: ZAE000011250
("Buildmax" or "the company")
UPDATE ON THE RIGHTS OFFER
Shareholders are referred to the announcements released on the Securities
Exchange New Service ("SENS") between 7 July 2010 and 1 October 2010 in relation
to the renounceable rights offer to be undertaken by Buildmax ("rights offer").
In terms of the rights offer Buildmax shareholders will be offered a total of 2
404 016 261 new Buildmax shares ("rights offer shares") at an issue price of
12.5 cents each in the ratio of 2.31 new Buildmax shares for every ordinary
share held by them on the record date for participation in the rights offer.
Buildmax shareholders will not have the right to apply for any rights offer
shares in excess of their entitlement.
CONDITIONS PRECEDENT AND SALIENT DATES AND TIMES OF THE RIGHTS OFFER
Shareholders are advised that the rights offer circular, forms of instruction
and other documents have been registered with the Companies and Intellectual
Property Registration Office, as required by Section 146A of the Companies Act
(Act 61 of 1973).
Accordingly, all conditions precedent to the rights offer are now fulfilled.
The salient dates of the rights offer will be as published in the announcement
released on SENS on Friday, 1 October 2010 and published in the press on Monday,
4 October 2010.
8 October 2010
Corporate advisor, legal advisor and sponsor
Java Capital
Financial advisor to Buildmax
Macquarie First South Advisers (Proprietary) Limited
Reporting accountants and auditors
PKF (Jhb) Inc
Independent Technical and Economic Advisor
Venmyn Rand (Proprietary) Limited
Underwriters
Brait IV Investment L.P represented by SAPEF GP Limited;
Brait IV SA Partnership represented by Brait Private Equity GP IV (Proprietary)
Limited; and
Coronation Asset Management (Proprietary) Limited
Corporate advisor to Brait
QuestCo (Proprietary) Limited
Legal advisor to Brait
Read Hope Phillips Attorneys
Date: 08/10/2010 10:55:01 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.
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