AND - Andulela Investment Holdings Limited - Redemption of non-listed
AND
AND
AND - Andulela Investment Holdings Limited - Redemption of non-listed
redeemable preference shares
ANDULELA INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1950/037061/06)
Share code: AND ISIN code: ZAE000125894
("Andulela" or "the Company")
REDEMPTION OF NON-LISTED REDEEMABLE PREFERENCE SHARES
Shareholders are referred to the circular and notice of general meeting to
shareholders of Andulela (formerly DNR Capital) issued on 1 September 2008
pursuant to which shareholders by special resolution approved the creation
and issue of 75 million R0.01 par value non-listed redeemable preference
shares (the "preference shares").
On Friday, 10 February 2012 the holder of the preference shares and the
Company agreed that the preference shares shall be redeemable on an orderly
basis over an extended 5 (five) year period for a redemption amount of R1
250 000 per month payable on the last day of each calendar month, such
redemption payments being subject to the Company`s cash flow requirements
as well as the Company`s ability to satisfy the solvency and liquidity test
as set out in the Companies Act, 2008.
14 February 2012
Sponsor
Java Capital
Date: 14/02/2012 17:29:02 Produced by the JSE SENS Department.
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