McCarthy Retail Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/003245/06)
("McRetail")
MCCarthy Retail Limited
(Incorporated in the Republic of South Africa)
(Registration number 1991/003245/06)
("McRetail")
Ordinary shares: JSE code: MCT ISIN number: ZAE000004354
Debentures: JSE code: MCTD ISIN number: ZAE000004362
Preference shares: JSE code: MCTP ISIN number: ZAE000033262
Results of rights offer
Rand Merchant Bank is authorised to announce the results of the rights offer
by McRetail of 1 799 999 915 ordinary shares of no par value ("ordinary
shares") and 833 333 175 fixed rate compulsorily convertible cumulative
redeemable preference shares of 0.01 cent each ("preference shares").
Applications have been received for 243 069 ordinary shares, representing
0.014% of the ordinary shares offered, and 112 522 preference shares
representing 0.014% of the preference shares offered. These figures
include excess applications for an additional 1 817 ordinary shares and 840
preference shares.
Applications for additional ordinary shares and preference shares were
allocated in full.
The underwriters of the rights offer have subscribed for the balance of 1
799 756 846 ordinary shares and 833 220 653 preference shares offered in
terms of the rights offer.
Certificates in respect of ordinary shares and preference shares subscribed
for in terms of the rights offer will be posted to the persons concerned
today, Friday 12 October 2001.
Durban
12 October 2001
Merchant bank and sponsor
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Attorneys
Deneys Reitz Attorneys
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