Monex Limited - Result Of The Rights Offer And Pro
MONEX LIMITED
Share code : MNX
ISIN : ZAE000025748
(Registration number 1968/010805/06)
("Monex" or "the Company")
RESULT OF THE RIGHTS OFFER AND PROFIT WARNING
1. Result of the rights offer
BoE Merchant Bank, a division of BoE Bank Limited ("BoE Bank"), is
authorised to announce the result of the rights offer of 348 660
618 new Monex ordinary shares at 65 cents per share ("the rights
offer").
Subscriptions and applications for additional new Monex ordinary
shares have been received for 214 496 302 new Monex ordinary
shares, representing 62% of the new Monex ordinary shares offered
in terms of the rights offer. All applications for additional new
Monex ordinary shares are to be allocated in full.
BoE Bank, the underwriter of the rights offer, has subscribed for
the balance of 134 164 316 new Monex ordinary shares
offered in terms of the rights offer. Subsequent to the rights
offer the BoE Group will hold 71% of the Monex ordinary shares in
issue.
Certificates in respect of the new Monex ordinary shares to be
issued in terms of the rights offer will be posted to the
subscribers concerned on or about Friday, 14 September 2001.
2. Profit warning
Due to continued difficult trading conditions and the interest
burden (which will be reduced subsequent to the receipt of the
proceeds of the rights offer), shareholders are advised that the
Company is expected to make a loss for the six months ending 30
September 2001. The results for this period will be published in
December 2001.
Cape Town
13 September 2001
Merchant Bank Attorneys
BoE Merchant Bank Sonnenberg Hoffman & Galombik
Sponsor Lead Sponsor
BoE Securities Price Waterhouse Coopers Corporate
Finance
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