| Wed 10 Aug 2011, 13:49 | | DSBP - Discovery Holdings Limited - Issue of R800 million of Discovery B |
|
DSY
DSY
DSBP - Discovery Holdings Limited - Issue of R800 million of Discovery B
Preference Shares
Discovery Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1999/007789/06)
ISIN: ZAE000158564 Code: DSBP
("Discovery" or "the Company")
ISSUE of R800 MILLION OF DISCOVERY B PREFERENCE SHARES
The Directors of Discovery wish to advise its shareholders of the results of
the offer to investors via private placement, to subscribe for an issue of
non-cumulative, non-participating, non-convertible preference shares ("B
Preference Shares"), the terms of which were outlined in the abridged pre-
listing statement dated 2 August 2011.
The investor response to the private placement has exceeded demand
expectations, and in light of the diversification benefits offered by the B
Preference Shares, together with the growth opportunities presently
available to the Discovery Group, the Directors have elected to accept the
applications received via such private placement and to issue B Preference
Shares amounting to R800 million. Investors that participated via the
private placement process have been advised of their full allocations.
Discovery will therefore issue 8 million B Preference Shares, denominated in
South African Rands, at an issue price of ZAR100 each. The B Preference
Shares will be listed on the JSE Securities Exchange South Africa under the
abbreviated short name "DSY B PREF" with alpha code "DSBP" in the
"Specialist Securities" - Preference Share sector of the market, and will
commence trading on Monday, 15 August 2011.
Sandton
10 August 2011
Lead arranger, joint advisor, joint sponsor and joint book runner
Investec Bank Limited
Joint advisor, joint sponsor and joint book runner
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Corporate law advisors
Edward Nathan Sonnenbergs Inc.
Date: 10/08/2011 13:49:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
