| Fri 13 Jul 2012, 9:12 | | Octodec Invest Ltd - Rights offer finanlisation announcement |
|
OCT
Rights offer finanlisation announcement
Octodec Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1956/002868/06)
Share Code: OCT
ISIN Code: ZAE000005104
(Octodec or the Company)
Rights Offer Finalisation Announcement
1. Introduction
Octodec linked unitholders are referred to the announcement released on SENS on
Monday, 11 June 2012 wherein Octodec announced the raising of up to R300 million
by way of a renounceable rights offer of 18 927 445 new Octodec linked units at an
issue price of 1 585 cents per linked unit, in the ratio of 21.196 rights offer units for
every 100 Octodec linked units held at the close of business on the record date for the
rights offer (the rights offer).
2. Conditions precedent
The board of directors of Octodec is pleased to advise Octodec linked unitholders that
all of the suspensive conditions pertaining to the rights offer have been fulfilled.
In particular, the majority of independent linked unitholders have approved the waiver
of a mandatory offer by the Wapnick family, at the general meeting of linked
unitholders held on Wednesday, 11 July 2012. Pursuant to this, the Takeover
Regulation Panel has provided the Wapnick family with a dispensation from the
obligation to make the mandatory offer.
Accordingly the rights offer is now unconditional and will be implemented in
accordance with the timetable set out in paragraph 3 below.
3. Salient dates and times
The salient dates and times in respect of the rights offer are set out below:
2012
Last day to trade in Octodec linked units on the JSE in order to Friday, 20 July
settle by the record date and thus be recorded as a linked
unitholder in order to be entitled to participate in the rights offer
on
Octodec linked units trade ex-rights offer entitlement on the JSE Monday, 23 July
from 9:00 on
Listing and trading on the JSE of the letters of allocation from the Monday, 23 July
commencement of trade on
Record date in order to be entitled to participate in the rights Friday, 27 July
offer on
Rights offer opens at 09:00 and the circular including a form of Monday, 30 July
instruction (where applicable) to be mailed to linked unitholders
on
Letters of allocation credited to an electronic account held at the Monday, 30 July
transfer secretaries in respect of holders of certificated Octodec
linked units on
CSDP or broker accounts credited with entitlements in respect Monday, 30 July
of holders of dematerialised Octodec linked units on
Last day to trade in the letters of allocation on the JSE in order Friday, 10 August
to settle by close of the rights offer on
Listing and trading on the JSE of rights offer units commences at Monday, 13 August
09:00 on
Payment to be made and form of instruction to be lodged with Friday, 17 August
the transfer secretaries by holders of certificated Octodec linked
unitholders by 12:00 on
Rights offer closes at 12:00 on Friday, 17 August
Record date for the letters of allocation Friday, 17 August
Rights offer units issued on Monday, 20 August
CSDP or broker accounts of holders of dematerialised Octodec Monday, 20 August
linked units debited and updated with rights offer units and
linked unit certificates posted to linked unitholders
Results of the rights offer announcement released on SENS on Monday, 20 August
Announcement giving results of the rights offer published in the Tuesday, 21 August
national press on
Refund cheques, if applicable, and linked unit certificates posted Wednesday, 22 August
to certificated linked unitholders in respect of excess
applications, on or about
Notes:
1. All times indicated shown are South African times.
2. Octodec linked units may not be dematerialised/re-materialised between Monday, 23 July 2012 and
Friday, 27 July 2012, both days inclusive.
3. CSDPs effect payment in respect of dematerialised unitholders on a delivery-versus-payment method.
4. The abovementioned dates and times are subject to amendment. Any such amendment will be
released on SENS and published in the South African press.
.
4. Circular
The rights offer circular setting out the detailed terms of the rights offer will be posted to
linked unitholders on or about Monday, 30 July 2012.
Johannesburg
13 July 2012
Investment Bank and Sponsor
Nedbank Capital
Legal adviser
Tugendhaft Wapnick Banchetti and Partners
Reporting accountant
Deloitte & Touche
Date: 13/07/2012 09:12:00 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.
