E-data - General Issue Of Shares For Cash And Capi
Further Cautionary
E-Data Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/013215/06; JSE code EDT; ISIN: ZAE000015673
("E-Data" or "the company")
GENERAL ISSUE OF SHARES FOR CASH AND CAPITALISATION ISSUE AND FURTHER
CAUTIONARY
Shareholders are referred to the further cautionary announcement dated 5
October 2001, and are now advised of the following progress:
1. General issue of shares for cash
In terms of the authority granted at the second annual general meeting held
on 30 March 2001, the directors have issued 5 000 000 new ordinary shares of
1 cent each in the capital of the company to a number of public shareholders
at 5 cents per share, to raise R250 000. These shares will rank pari passu
with the company's existing ordinary shares. The financial effects of the
issue is shown in the table below:
Actual for six Adjusted to reflect Percentage change
months to 31 general issue
March 2001
Net asset 11.9 11.0 -7.5
value
Earnings per (4.52) (3.89) +13.9
share
The financial effects are based on the reviewed interim accounts adjusted
for the inflow of R250 000 as if it had been received at the start of the
period and saved interest at a rate of 14% per annum and the 5 000 000 new
shares had been in issue for the whole period.
2. Capitalisation issue
In order to improve liquidity and tradability in the company's shares, the
directors have resolved to hold a capitalisation issue in the ratio of two
new ordinary shares of 1 cent each, credited as fully paid, for each share
held on the record date. The salient dates are:
Event Date (2001)
Last day to trade (LDT) cum
capitalisation issue Thursday, 13 December
New shares listed Friday, 14 December
First date to trade entitlement ex
capitalisation issue Friday, 14 December
Record date for capitalisation issue Friday, 21 December
Issue of new share certificates or
shareholder account credited with CSDPs
or brokers Monday, 24 December
A circular to shareholders in respect of the capitalisation issue is in the
course of preparation and will be mailed shortly.
3. Prospects and extension of cautionary
Discussions in regard to the possible acquisition of new assets, as outlined
in the announcement dated 5 October, are continuing. The court orders in
respect of the voluntary liquidations of E-data (Pty) Ltd and E-data
Communications Solutions (Pty) Ltd are still awaited.
Shareholders are accordingly advised to continue to exercise caution in
dealing in their E-data shares until a further announcement is made.
Johannesburg
27 November 2001
Sponsor
LPC Manhattan Sponsors
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