| Wed 13 Jul 2011, 8:00 | | HSP - Holdsport Limited - Pricing Announcement |
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JSE
HSP
HSP - Holdsport Limited - Pricing Announcement
Holdsport Limited
(incorporated in the Republic of South Africa)
(Registration number 2006/022562/06)
JSE share code: HSP
ISIN: ZAE000157046
("Holdsport" or the "Company")
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA.
PRICING ANNOUNCEMENT
Further to the pre-listing statement dated 27 June 2011 (the Pre-Listing
Statement") and the abridged pre-listing statement released on SENS on 27 June
2011, Holdsport`s existing shareholders ("Selling Shareholders") have
successfully placed 30,000,000 ordinary shares in Holdsport of no par value
("Ordinary Shares") at a price of R31.00, comprising the following:
- a private placing by way of an offer for sale by Selling Shareholders of
26,086,957 Ordinary Shares; and
- a sale of an additional 3,913,043 Ordinary Shares (the "Overallotment
Shares") by certain of the Selling Shareholders pursuant to a 30-day option
which those Selling Shareholders have agreed, subject to certain
conditions, to grant to UBS South Africa (Pty) Limited, as stabilisation
manager, on the same terms and conditions as those applicable to the offer,
solely to cover over-allotments made by the Bookrunner.
The total value of shares placed was R930 million, including the Overallotment
Shares, equating to approximately 70% of the issued share capital.
The expected listing date of Holdsport will be on Monday, 18 July 2011, and the
settlement date, subject to achieving a spread of shareholders acceptable to the
securities exchange operated by the JSE Limited, will be Monday, 25 July 2011.
Any change in these dates will be released on SENS.
Cape Town
13 July 2011
Bookrunner, Placement Agent, Stabilisation Manager and JSE Sponsor:
UBS South Africa (Pty) Ltd
Date: 13/07/2011 08:00:04 Produced by the JSE SENS Department.
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