KING CONSOLIDATED HOLDINGS LTD
(Incorporated in the Republic of South Africa)
(Registration number 1992/006472/06)
Share code: KNG ISIN: ZAE000012902
("Kingco" or The Company)
RESULTS OF THE RIGHTS OFFER
Sasfin Bank Limited is authorised to announce the results of the rights
offer of 11 157 223 debentures, at a subscription price of 100 cents per
debenture ("the offer"), which closed on Friday, 2 November 2001.
Shareholders and their renouncees subscribed for 6 021 839 debentures in
terms of the pro rata entitlements and for 5 135 384 debentures in terms of
excess applications. This represents 100% of the debentures available in
terms of the offer.
Randburg
9 November 2001
Corporate advisor and sponsor
Sasfin Bank Limited
(Registration number 1951/002280/06)
Attorneys
Hofmeyr Herbstein Gihwala Cluver & Walker Inc.
(Registration number 1997/001523/21)
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