RAR
RAR
RAR - Rare Holdings Limited - Proposed claw-back offer: Conclusion of
subscription agreement
RARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration Number: 2002/025247/06
Share Code: RAR ISIN: ZAE000092714
("the Company" or "RARE")
PROPOSED CLAW-BACK OFFER: CONCLUSION OF SUBSCRIPTION AGREEMENT
Shareholders are referred to the circular dated 14 April 2011 ("the
circular") detailing, inter alia, a proposed claw-back offer by the Company
whereby Stafric Investments and Management Services (Proprietary) Limited
("Stafric") will subscribe for 200 000 000 new ordinary shares of R0.01 each
in the ordinary share capital of RARE at a subscription price of 20 cents per
share for the total amount of R40 million, which subscription is subject to
the claw-back offer (as defined in the circular) and which subscription
amount will subsequently be advanced to the Company by Stafric ("the proposed
claw-back offer").
Shareholders are hereby advised that the subscription agreement between RARE
and Stafric in terms of which the abovementioned subscription for RARE shares
will be effected, has been concluded, and is available for inspection at the
Company`s offices at 22 Old Vereeniging Road, Kliprivier, Midvaal at any time
during normal office hours.
The salient dates in respect of the proposed claw-back offer will be
announced on SENS, and a circular including full details of the claw-back
offer will be distributed to shareholders in due course.
Johannesburg
28 April 2011
Designated Adviser: PSG Capital (Proprietary) Limited
Date: 28/04/2011 17:37:01 Produced by the JSE SENS Department.
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