| Fri 1 Apr 2011, 10:37 | | TDH - Tradehold Limited - Rights Offer Finalisation Announcement |
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TDH
TDH
TDH - Tradehold Limited - Rights Offer Finalisation Announcement
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
("Tradehold" or "the Company")
Share code: TDH
ISIN code: ZAE000152658
RIGHTS OFFER FINALISATION ANNOUNCEMENT
1. Introduction
Tradehold shareholders ("Shareholders") are referred to the announcement
released on the Securities Exchange News Service of the JSE Limited ("JSE") on
Wednesday, 9 March 2011 and published in the press on Thursday, 10 March 2011
("declaration announcement") relating to the terms of the fully underwritten
renounceable rights offer ("rights offer") of 103 833 866 new ordinary shares
with a par value of 1 cent each in the authorised and issued ordinary share
capital of the Company ("rights offer shares") to Shareholders recorded on the
shareholder register on the record date of the rights offer, Friday, 15 April
2011 ("Qualifying Shareholders"). Qualifying Shareholders will be entitled to
subscribe for 298.94835 rights offer shares for every 100 Tradehold ordinary
shares held on the record date of the rights offer, at a subscription price of
626 cents per rights offer share. The last day to trade in Tradehold ordinary
shares in order to be eligible for the rights offer will be Friday, 8 April
2011.
The board of directors of Tradehold is pleased to advise Shareholders that the
rights offer documentation has been registered on 1 April 2011 by the Companies
and Intellectual Property Registration Office in terms of section 146A of the
Companies Act, 1973 (Act 61 of 1973), as amended, and accordingly all of the
conditions precedent pertaining to the rights offer have now been fulfilled. The
rights offer will therefore be implemented in accordance with the salient dates
and times as published in the declaration announcement.
2. Letters of allocation
The rights to subscribe for rights offer shares, that are represented by the
letters of allocation, are valuable and may be traded on the exchange operated
by the JSE. Letters of allocation can, however, only be traded in dematerialised
form and accordingly, all letters of allocation have been issued in
dematerialised form.
The Issuer Services Division of the JSE has approved the listing of the letters
of allocation in respect of all of the 103 833 866 rights offer shares, under
the JSE share code: TDHN and ISIN: ZAE000154951, from commencement of trade at
09:00 on Monday, 11 April 2011 to the close of trade on Thursday, 28 April 2011,
both days inclusive.
3. Circular
The circular, together with the form of instruction in respect of the letter of
allocation, where applicable, setting out the detailed terms of the rights offer
will be posted to Qualifying Shareholders on or about Monday, 18 April 2011.
Cape Town
1 April 2011
Corporate advisor Transaction and lead sponsor
Bravura Equity Services (Proprietary) Deloitte & Touche Sponsor Services
Limited logo (Proprietary) Limited logo
Attorneys Financial advisor and sole financier
Werksmans Incorporated logo to the underwriter of the rights
offer and Investment bank to
Tradehold
The Hongkong and Shanghai Banking
Corporation Limited (Incorporated in
Hong Kong) - Johannesburg Branch
(HSBC) logo
Company sponsor Independent reporting accountants to
Barnard Jacobs Mellet Corporate Tradehold
Finance (Proprietary) Limited PricewaterhouseCoopers Inc. logo
Date: 01/04/2011 10:37:01 Produced by the JSE SENS Department.
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