JDH - John Daniel Holdings Limited - Cautionary Announcement in relation to the
JDH
JDH
JDH - John Daniel Holdings Limited - Cautionary Announcement in relation to the
Convertible Loan
JOHN DANIEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: JDH - ISIN: ZAE000136677
("the Company" or "JDH" or "the Group")
Cautionary Announcement in relation to the Convertible Loan
Further to the announcement published on SENS on 10 December 2010 relating to
the terms of the main loan agreement, shareholders are advised that the Company
is undergoing continued discussions to potentially renegotiate the terms of the
conversion of the loan with Escalator Capital Limited ("Escalator") and to
improve the Company`s balance sheet position which discussions could result in
Escalator partially or fully underwriting a rights offer, of at least R10
million depending on the Company`s funding requirements, at a price of
approximately 10 cents per share to repay the convertible loan. Should the
convertible loan be repaid through the underwriting of a rights offer,
shareholder approval of the conversion terms will no longer be required.
Accordingly, shareholders are advised that they should continue to exercise
caution when dealing in their securities until a further announcement in this
regard is made.
Johannesburg
07 February 2011
Sponsor
Arcay Moela Sponsor (Proprietary) Limited
Date: 07/02/2011 17:07:01 Produced by the JSE SENS Department.
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