| Wed 12 Jan 2011, 17:30 | | CLR / CLRP - Clover Industries Limited - Over-allotment option |
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CLR CLRP
CLR
CLR / CLRP - Clover Industries Limited - Over-allotment option
CLOVER INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
JSE Ordinary share code: CLR ISIN: ZAE000152377
JSE Preference share code: CLRP ISIN: ZAE000152385
("Clover")
OVER-ALLOTMENT OPTION
Reference is made to the pre-listing statement, dated 29 November 2010 relating
to the listing of all of Clover`s issued ordinary shares with a par value of
R0.05 each (the "Offer") and to the abridged pre-listing statement released on
SENS on 29 November 2010, relating to the Offer and the listing of Clover`s
cumulative redeemable preference shares with a par value of R0.10 each, on the
main board of the securities exchange operated by the JSE Limited with effect
from the commencement of business on Tuesday, 14 December 2010. Reference is
also made to the pricing announcement relating to the Offer, released on SENS on
9 December 2010.
The directors of Clover wish to advise that, in respect of the Offer, FirstRand
Limited acting through Rand Merchant Bank, in its capacity as stabilisation
manager, has given notice to Clover that it will exercise the over-allotment
option granted to it by Clover in respect of 7,142,857 Clover ordinary shares.
Post the exercise of the over-allotment option, the total number of Clover
ordinary shares in issue will be 179,111,867.
The stabilisation period commenced at 9am on 14 December 2010 and ended at 5pm
on 12 January 2011.
Johannesburg
12 January 2011
Bookrunner, sponsor and stabilisation manager
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 12/01/2011 17:30:01 Produced by the JSE SENS Department.
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