ESR - Esorfranki Limited - Proposed rights offer and cautionary announcement
ESR
ESR
ESR - Esorfranki Limited - Proposed rights offer and cautionary announcement
ESORFRANKI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
ISIN: ZAE000133369
("Esorfranki" or "the company")
PROPOSED RIGHTS OFFER AND CAUTIONARY ANNOUNCEMENT
Introduction
The board of directors of Esorfranki propose raising approximately R200 million
by way of a fully underwritten renounceable rights offer at an issue price of
215 cents per share. The terms of the underwriting have been agreed in
principle and are in the process of being finalised.
Further information
Shareholders will be advised in due course of the salient features of the
underwriting agreement/s and the rights offer, as well as the salient dates and
documentation pertaining thereto.
Cautionary announcement
Shareholders are advised to exercise caution when dealing in the company`s
securities until a further announcement relating to the proposed rights offer is
made.
Sandton
25 November 2010
Sponsor
Vunani Corporate Finance
Date: 25/11/2010 11:43:01 Produced by the JSE SENS Department.
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