| Mon 4 Apr 2011, 16:32 | | BEG - Beige Holdings Limited - Rights offer finalisation announcement |
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BEG
BEG
BEG - Beige Holdings Limited - Rights offer finalisation announcement
Beige Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1997/006871/06)
Share code: BEG ISIN code: ZAE000034161
("Beige" or "the company")
RIGHTS OFFER FINALISATION ANNOUNCEMENT
1. Introduction
Shareholders are referred to the announcements dated 9 November 2010 and 1
April 2011 detailing the announcement by Beige of its intention to raise
R25 million by way of a partially underwritten renounceable rights offer of
25 000 000 preference shares with a par value of R0.01 at an issue price of
R1.00 per preference share in the ratio of 1.53203 new preference shares
for every 100 Beige ordinary shares held at the close of business on
Friday, 15 April 2011.
2. Conditions Precedent
The board of directors of Beige is pleased to confirm that all conditions
precedent relating to the rights offer have been fulfilled, that the rights
offer was duly registered by the Registrar of Companies on 1 April 2011 and
that the rights offer will be implemented in accordance with the timetable
set out in paragraph 3 below.
3. Salient Dates
The salient dates and times of the rights offer are as follows:
2011
Last day to trade (LDT) in ordinary shares for the Friday, 8 April
rights offer in order to settle by the record date
and to qualify to participate in the rights offer
(cum rights) on
Ordinary shares commence trading ex-rights on the Monday, 11 April
JSE at 09:00 on
Listing of and trading in the letters of allocation Monday, 11 April
commences at 09:00 on
Record date for purposes of determining the Friday, 15 April
shareholders entitled to participate in the rights
offer at the close of business on
Rights offer opens at 09:00 on Monday, 18 April
Holders of dematerialised shares will have their Monday, 18 April
accounts at their CSDP or broker automatically
credited with their letters of allocation on
Holders of certificated shares will have their Monday, 18 April
letters of allocation credited to an electronic
register at the transfer secretaries on
Circular and form of instruction posted to Monday, 18 April
applicable shareholders on
Last day to trade (LDT) in letters of allocation in Friday, 6 May
order to settle by record date and participate in
the rights offer at the close of business on
Listing of and trade in the preference shares Monday, 9 May
commences on the JSE at 09:00 on
Rights offer closes at 12:00 and payment to be made Friday, 13 May
and form of instruction lodged by holders of
certificated shares by that time on (see note 2)
Record date for letters of allocation on Friday, 13 May
Results of rights offer announced on SENS on Monday, 16 May
Preference share certificates in terms of the rights Monday, 16 May
offer posted to holders of certificated shares on or
about
Refund cheques, if applicable, posted to holders of Thursday, 19 May
certificated shares in respect of unsuccessful
excess applications on or about
CSDP/Broker accounts credited with preference shares Thursday, 19 May
and debited with any payments due in respect of
holders of dematerialised shares on
4. Circular
A circular setting out the detailed terms of the rights offer and
enclosing, where applicable, a form of instruction, will be posted to
shareholders on Monday, 18 April 2011.
Johannesburg
4 April 2011
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 04/04/2011 16:32:03 Produced by the JSE SENS Department.
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