| Fri 25 May 2012, 7:05 | | SHPCB/SHP - Shoprite Investments Limited/Shoprite Holdings Limited - Listing |
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SHP
SHP SHPI
SHPCB/SHP - Shoprite Investments Limited/Shoprite Holdings Limited - Listing
document available and trading of Debt Instrument on Main Board
Shoprite Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1985/000928/07)
Stock code: SHPCB
ISIN: ZAE000166997
("Shoprite Investments")
Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1936/007721/06)
JSE share code: SHP
NSX SHARE CODE: SRH
ISIN: ZAE000012084
("Shoprite Holdings")
LISTING DOCUMENT AVAILABLE AND TRADING OF DEBT INSTRUMENT ON MAIN BOARD
Bondholders and shareholders are referred to the announcement made by
Shoprite Holdings on 22 March 2012 ("Initial Announcement") regarding the
placement by Shoprite Investments of ZAR4.5 billion fixed rate senior
unsecured guaranteed convertible registered bonds ("the Debt Instruments").
Following the placement on 22 March 2012, on 9 May 2012, an additional ZAR200
million Debt Instruments, which will rank pari passu with the ZAR4.5 billion
Debt Instruments already in issue, were issued. Accordingly, the total Debt
Instruments placed amounts to ZAR4.7 billion.
As stated in the Initial Announcement, an application for admission to
trading of the Debt Instruments on the Main Board was made to the JSE Limited
("JSE"). This application was formally approved today by the JSE. The listing
document of the Debt Instruments ("Listing Document") is now available for
inspection on the JSE website (www.jse.co.za) and on the Shoprite Holdings
website (www.shopriteholdings.co.za). The Listing Document is also available
for inspection at the registered office of Shoprite Investments.
The last day to trade the Debt Instruments in their unlisted form (under Bond
Code: SHPCBU, ISIN: ZAG000094020) on the Unexcor system will be Friday, 25
May 2012. Any trade done on the Unexcor system on or before Friday, 25 May
2012, will be settled in the week of 28 May 2012, with final positions for
transfer being determined on Wednesday, 30 May 2012. The Debt Instruments to
be traded on the Main Board, will be credited to the bondholders accounts
with the CSDPs on Thursday, 31 May 2012.
To ensure continuous trading, the Debt Instruments will be opened for trading
on the JSE`s equity trading platform (under Stock Code: SHPCB, ISIN:
ZAE000166997) on Monday, 28 May 2012. Please note that any trades concluded
on or after 28 May 2012 will be settled on a T+5 basis.
The Debt Instruments will be traded in nominals of ZAR10,000 on the JSE`s
equity trading platform. Consequently, each bondholder will be allocated by
their respective CSDPs circa 100 new Debt Instruments of ZAR10,000 nominal
each, for every unlisted Debt Instrument with a nominal of ZAR1 million.
Investors should be aware that the new Debt Instruments will trade on a price
basis and may or may not reflect the accrued interest in each Debt
Instrument. The accrued interest to Monday, 28 May 2012 using the 6,5% fixed
interest coupon is R100 and therefore the value of just the capital and
accrued interest for the new Debt Instrument at this date is circa R10,100.
24 May 2012
Arranger and Debt Sponsor
Rand Merchant Bank (A division of FirstRand Bank Limited)
Sponsor
(Nedbank Capital Limited)
Date: 25/05/2012 07:05:01 Produced by the JSE SENS Department.
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