| Thu 11 Dec 2014, 11:53 | | INTERWASTE HOLDINGS LIMITED - Posting of Circular and Notice of General Meeting |
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IWE 201412110023A
Posting of Circular and Notice of General Meeting
Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/037223/06)
JSE code: IWE
ISIN: ZAE000097903
(“Interwaste” or “the company”)
POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
1. Circular posted
Shareholders are referred to the announcement published on SENS on 3 October 2014
regarding the share placement incorporating a general and specific issue of shares for
cash (the “Share Placement”). Shareholders are advised that a circular regarding the
Specific Issue component of the Share Placement has been posted to shareholders
today.
The circular will also be made available on the company’s website hosted at
www.interwaste.co.za, as well as at the company’s registered offices at 2 Brammer
Road, Germiston South, Gauteng
2. Notice of general meeting
Incorporated in the circular is a notice in respect of a general meeting of Interwaste
shareholders which will take place at 2 Brammer Road, Germiston South, Gauteng on
Wednesday, 14 January 2015 at 10h00. The record date to determine which
shareholders will be entitled to vote at the General Meeting will be Friday, 9 January
2015.
3. Revised terms of the specific issue of shares for cash
Shareholders are advised that the issue price per share to Gavin Tipper as part of the
Specific Issue has been adjusted from 140.4 cents per share to 130 cents per share
being the same issue price per share to Coronation Capital Limited.
The updated details of the Share Placement are set out below:
Issue to Number of Issue Proceeds
shares price per from issue
share (R)
( cents)
To public shareholders as defined in the 62 250 000 130 80 925 000
JSE listings Requirements (the “Listings
Requirements”):
To non-public shareholders who are also
related parties as defined in the Listings
Requirements:
Coronation Capital Limited 6 500 000 130 8 450 000
Gavin Tipper 1 250 000 130 1 625 000
Total 70 000 000 91 000 000
The General Issue of 62 250 000 shares to public shareholders took place in terms of
the general authority to issue shares for cash granted to the directors of Interwaste at
the Company’s last annual general meeting.
The Share Placement price of 130 cents per share, represents a discount of 7.4% to the
30 trading day volume weighted average price up to and including 30 September 2014,
being the day prior to the date on which the price of the issue was agreed.
As set out in the circular, the issue of the remaining 7 750 000 Specific Issue shares,
requires the approval of shareholders which will be sought at the general meeting as
detailed in paragraph 2 above.
Germiston
11 December 2014
Designated Adviser
Grindrod Bank
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