| Fri 25 Feb 2011, 10:27 | | TDH - Tradehold Limited - Closed Period Announcement and Renewal of Cautionary |
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TDH
TDH
TDH - Tradehold Limited - Closed Period Announcement and Renewal of Cautionary
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
("Tradehold" or "the Company")
Share code: TDH
ISIN code: ZAE000152658
CLOSED PERIOD ANNOUNCEMENT AND RENEWAL OF CAUTIONARY
1 Introduction
Tradehold shareholders ("Shareholders") are referred to the cautionary
announcements released on the Securities Exchange News Service ("SENS") on
Tuesday, 16 November 2010, renewed on Friday, 17 December 2010 and Friday,
21 January 2011, wherein Shareholders were advised that Tradehold intends
raising equity capital in the amount of up to R650 million by way of a
rights offer ("rights offer").
2 Closed Period
The rights offer will take place in a closed period, being the period from
28 February 2011 until the date of the earliest publication of the results
for the year ended 28 February 2011 ("closed period"). Shareholders are
accordingly advised that the following directors of the Company, Dr CH
Wiese, Mr C Stassen and Mr JD Wiese intend to follow their rights with
respect to 21 579 902 ordinary shares they collectively hold as direct or
indirect beneficiaries in the capital of the Company. In addition, it
should be noted that the Company has entered into an underwriting agreement
with Granadino Investments (Proprietary) Limited ("Underwriter"), a private
company indirectly owned by Dr CH Wiese, to underwrite the rights offer up
to a maximum amount of R650 million. The subscription of the new ordinary
shares in the capital of the Company, if any, by the Underwriter pursuant
to the rights offer may occur during the closed period.
3 Renewal of cautionary
Shareholders are advised to continue exercising caution when dealing in
Tradehold`s securities until a detailed announcement containing the terms
of the rights offer is published.
Cape Town
25 February 2011
Company sponsor
Barnard Jacobs Mellet
Corporate Finance
(Proprietary) Limited
Date: 25/02/2011 10:27:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
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implicitly, represent, warrant or in any way guarantee the truth, accuracy or
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.
