| Fri 14 Jan 2011, 9:00 | | DGC - Digicore Holdings Limited - Digicore rights offer finalisation |
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DGC
DGC
DGC - Digicore Holdings Limited - Digicore rights offer finalisation
announcement
DIGICORE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/012601/06)
Share Code: DGC
ISIN Number: ZAE000016945
("DigiCore")
DIGICORE RIGHTS OFFER FINALISATION ANNOUNCEMENT
1 INTRODUCTION
Shareholders are referred to the announcements published on SENS on
Tuesday, 16 November 2010 and Thursday, 9 December 2010 whereby DigiCore
announced its intention to raise R90 million, by way of a fully
underwritten renounceable rights offer of 30 000 000 new DigiCore ordinary
shares of R0.001 cents each ("rights offer shares") to qualifying DigiCore
ordinary shareholders recorded in the share register at the close of
business on Friday, 28 January 2011 ("record date"). The rights offer
shares will be issued at a share price of 300 cents per rights offer share
("rights offer price") in the ratio of 13.78237 rights offer shares for
every 100 DigiCore ordinary share held on the record date.
2 CONDITIONS PRECEDENT
Shareholders are advised that the rights offer is now unconditional as the
circular and related relevant documentation have been lodged with and
registered by the Registrar of Companies in accordance with the Companies
Act (No 61 of 1973), as amended.
The rights offer can thus be implemented in accordance with the timetable
set out in paragraph 3 below. There has been no change to the timetable as
previously published.
3 SALIENT DATES AND TIMES
Last day to trade in DigiCore shares in order Friday, 21 January
to settle trades by the record date for the 2011
rights offer and to qualify to participate in
the rights offer (cum entitlement) on
DigiCore shares commence trading ex-rights on Monday, 24 January
the JSE Limited ("JSE") at 09:00 on 2011
Listing of and trading in the letters of Monday, 24 January
allocation commences at 09:00 on 2011
Record date for purposes of determining the Friday, 28 January
DigiCore shareholders entitled to participate 2011
in the rights offer at the close of business
on
Circular and, where applicable, form of Monday, 31 January
instruction posted to shareholders on 2011
Rights offer opens at 09:00 on Monday, 31 January
2011
Holders of dematerialised DigiCore shares Monday, 31 January
will have their accounts at their CSDP or 2011
broker automatically credited with their
letters of allocation on
Holders of certificated DigiCore shares will Monday, 31 January
have their letters of allocation credited to 2011
an electronic register at the transfer
secretaries on
Last day to trade ("LDT") in letters of Friday, 11 February
allocation in order to settle trades by the 2011
record date for the rights offer and
participate in the rights offer at the close
of business on
Last day for form of instruction to be lodged Friday, 11 February
with the transfer secretaries by holders of 2011
certificated DigiCore shares wishing to sell
all or part of their entitlement by 12:00 on
Listing and trading of rights offer shares Monday, 14 February
commences on the JSE at 09:00 on 2011
Record date for letters of allocation on Friday, 18 February
2011
Rights offer closes at 12:00 and payment to Friday, 18 February
be made and form of instruction lodged by 2011
holders of certificated DigiCore shares with
the transfer secretaries by that time on (see
note 2)
CSDP/broker accounts credited with rights Monday, 21 February
offer shares and debited with any payments 2011
due in respect of holders of dematerialised
rights offer shares on
Rights offer shares certificates in terms of Monday, 21 February
the rights offer posted to holders of 2011
certificated rights offer shares on or about
Results of rights offer announced on SENS on Monday, 21 February
2011
Results of rights offer published in the Tuesday, 22
press on February 2011
Notes:
1 All times referred to in the announcement are local times in South Africa.
2 Holders of dematerialised DigiCore shares are required to notify their CSDP
or broker of the action they wish to take in respect of the rights offer in
the manner and by the time stipulated in the agreement governing the
relationship between the DigiCore shareholder and his CSDP or broker.
3 DigiCore share certificates may not be dematerialised or rematerialised
between Monday, 24 January 2010 and Friday, 28 January 2010, both days
inclusive.
4 CSDPs effect payment in respect of holders of dematerialised rights offer
shares on a delivery versus payment method.
5 To the extent that the rights are accepted, dematerialised shareholders
will have their accounts at their CSDP automatically credited with their
rights and certificated shareholders will have their rights credited to an
account at Computershare Investor Services.
4 POSTING OF THE RIGHTS OFFER CIRCULAR
Shareholders are advised that a circular containing full detail of the
terms of the rights offer and a form of instruction in respect of a letter
of allocation will be mailed on or about Monday, 31 January 2011 to all
shareholders recorded in the register on Friday, 28 January 2011.
14 January 2011
Corporate adviser and Sponsor
PSG Capital
Independent reporting accountants
PKF (Pta) Inc
Underwriter
Coronation Asset Management (Pty) Ltd
Legal adviser
Edelstein-Bosman Inc
Date: 14/01/2011 09:00:01 Produced by the JSE SENS Department.
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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.
