BEG - Beige Holdings Limited - Results of rights offer
BEG
BEG
BEG - Beige Holdings Limited - Results of rights offer
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")
RESULTS OF RIGHTS OFFER
The board of directors is pleased to announce that the rights offer of R25
000 000, comprising 25 000 000 new convertible redeemable preference shares
of R1.00 each was over-subscribed by an amount of R7 554 192 by way of
shareholders following rights and through excess applications. Of the 25
000 000 preference shares, 11 351 333 were allocated through shareholders
following rights and 13 648 667 by way of excess applications. All excess
applications up to 100 000 shares were allowed in full in order to allow
smaller shareholders to increase their shareholding. Thereafter, excess
applications above 100 000 were allocated based firstly on existing rights
held and thereafter based on excess applications.
Refunds of unsuccessful excess applications will be made in terms of the
circular to shareholders.
Dematerialised shareholders will have their accounts at their CSDP or broker
updated with the new preference shares and debited with the costs today in
respect of the shares applied for. Preference share certificates in terms
of the rights offer will be posted to holders of certificated shares on or
about Monday, 16 May 2011.
Excess allocations will be updated and debited on or about Thursday, 19 May
2011. Share certificates in respect of excess allocations will be posted on
or about Thursday, 19 May 2011.
Johannesburg
16 May 2011
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 16/05/2011 13:36:01 Produced by the JSE SENS Department.
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