Dna - Issue Of Shares For Cash Under A General Aut
DNA SUPPLY CHAIN INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/004875/06)
("DNA" or "the Company")
ISSUE OF SHARES FOR CASH UNDER A GENERAL AUTHORITY
Barnard Jacobs Mellet Corporate Finance (Pty) Ltd is authorised to announce
that DNA will issue 67 239 166 shares for cash, equivalent to 12,7% of its
existing issued share capital, at 60 cents per share under the general
authority to issue shares for cash obtained at the general meeting held on
21 March 2001 ("the general cash issue"). The shares will be subscribed for
by various investors who are all public shareholders and not related parties
in terms of the Listings Requirements of the JSE Securities Exchange South
Africa.
The proceeds of the general cash issue amounting to R40,3 million will be
used to fund the Company's expansion objectives, which include further
offshore expansion.
The issue price of 60 cents per share represents a discount of 10% to the
weighted average traded price in respect of the 30-day period prior to the
date on which the terms of the general cash issue were agreed on 18 May
2001.
The general cash issue, had it been effective for the year ended 30 June
2000, and based on the audited results for the year then ended, would have
had the following financial effects:
Before After Percentage
Increase / (Decrease)
Earnings per share 8.6 8.2 (4.7)
Net asset value per share 14.6 20.1 37.7
Johannesburg
1 June 2001
Sponsor Investment bank Corporate adviser
BARNARD JACOBS MELLET PSG VESTACOR CORPORATE FINANCE
CORPORATE FINANCE (PTY) LTD INVESTMENT BANK
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