ESR - Esorfranki Limited - Results of The Rights Offer
ESR
ESR
ESR - Esorfranki Limited - Results of The Rights Offer
ESORFRANKI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
ISIN: ZAE000133369
("Esorfranki" or "the company")
RESULTS OF THE RIGHTS OFFER
Esorfranki announces the results of the rights offer of 93 023 256 new ordinary
shares in the ratio of 30.786 new ordinary shares for every 100 ordinary shares
held on the record date at a subscription price of R2.15 per new ordinary share
("rights shares"). In terms of the rights offer:
* shareholders and their renouncees applied for 18 709 152 new ordinary
shares (20.11% of the rights shares);
* 59 451 283 new ordinary shares (63.91% of the rights shares) were taken up
by Coronation Asset Management (Pty) Limited in terms of an Underwriting
Agreement;
* 14 862 821 new ordinary shares (15.98% of the rights shares) were taken up
by Sanlam Investment Management (a division of Sanlam Life Insurance
Limited) in terms of an Underwriting Agreement,
resulting in the issued share capital of the company increasing by 93 023 256
ordinary shares to 395 185 430 ordinary shares.
Sandton
8 March 2011
Corporate Adviser and Sponsor
Vunani Corporate Finance
Independent reporting accountants
KPMG Inc
Legal Adviser
Thomson Wilks Inc
Date: 08/03/2011 11:26:00 Produced by the JSE SENS Department.
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