| Fri 21 Jan 2011, 10:55 | | TDH - Tradehold Limited - Finalisation announcement relating to the proposed |
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TDH
TDH
TDH - Tradehold Limited - Finalisation announcement relating to the proposed
share consolidation, rights offer and matters related thereto and renewal of
cautionary announcement
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE share code: TDH
ISIN: ZAE000026902
("Tradehold" or "the Company")
FINALISATION ANNOUNCEMENT RELATING TO THE PROPOSED SHARE CONSOLIDATION, RIGHTS
OFFER AND MATTERS RELATED THERETO AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Tradehold shareholders ("Shareholders") are referred to the announcement
released on the Securities Exchange News Service ("SENS") on Friday, 17 December
2010 and in the press on Monday, 20 December 2010 ("the December Announcement"),
where they were advised that the board of directors of the Company have
resolved, subject to the necessary Shareholder approval, to consolidate the
authorised and issued ordinary share capital and non-convertible non-
participating non-transferable redeemable preference share capital of the
Company on the basis of 1 share for every 10 shares held ("Consolidation") and
to raise capital by way of a rights offer. The relevant ordinary and special
resolutions, presented in the notice of general meeting dated 17 December 2010
("Notice"), were passed by the requisite majority of Shareholders in the general
meeting held on Monday, 10 January 2011.
Shareholders are hereby advised that the special resolutions have been
registered by the Companies and Intellectual Property Registration Office and
the Consolidation will be implemented in accordance with the salient dates and
times as published in the December Announcement and Notice.
Renewal of cautionary announcement
Further to the cautionary announcement renewed in the December Announcement,
Shareholders are advised to continue exercising caution when dealing in
Tradehold`s securities until a detailed announcement regarding the terms of the
rights offer are published.
Cape Town
21 January 2011
Corporate advisor Transaction and lead sponsor
Bravura Equity Services
(Proprietary) Limited Deloitte & Touche Sponsor
Services (Proprietary)
Limited
Attorneys Investment bank to Tradehold
Werksmans Incorporated The Hongkong and Shanghai
Banking Corporation Limited -
Johannesburg Branch (HSBC)
Company sponsor
Barnard Jacobs Mellet
Corporate Finance
(Proprietary) Limited
Date: 21/01/2011 10:55:23 Produced by the JSE SENS Department.
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