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 announcements published on SENS on 10 December 2010 and 07
February 2011 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
23 March 2011
Sponsor
Arcay Moela Sponsor (Proprietary) Limited
Date: 24/03/2011 10:56:00 Produced by the JSE SENS Department.
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