SOUTH OCEAN HOLDINGS LIMITED - Cautionary Announcement relating to the intended capital raising of R20 m by way of a claw back offer
SOH 201801250049A
Cautionary Announcement relating to the intended capital raising of R20 m by way of a claw back offer
SOUTH OCEAN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/002381/06)
Share Code: SOH
ISIN: ZAE0000092748
("SOH" or “the Company”)
CAUTIONARY ANNOUNCEMENT RELATING TO THE INTENDED CAPITAL RAISING OF R20
MILLION BY WAY OF A CLAW BACK OFFER
Shareholders are advised that the Company decided to raise R20 million by way of
a claw back offer to support the working capital requirements of the business.
The Company will be entering into negotiations with interested BEE investors in this
regard and shareholders will be informed of the terms and conditions of the claw
back subscription agreement and claw back offer in due course.
Accordingly, shareholders are advised to exercise caution when dealing in the
securities of the Company until a further announcement is made, as the proposed
claw back offer, if successfully concluded, may have a material effect on the price
of the Company’s securities.
By order of the Board
Johannesburg
25 January 2018
Transaction Sponsor
Arbor Capital Sponsors Proprietary Limited
Date: 25/01/2018 02:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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