NUTRITIONAL HOLDINGS LIMITED - Proposed Rights Offer
NUT 201805290079A
Proposed Rights Offer
NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/002282/06)
Share code: NUT
ISIN: ZAE000156485
(“NUT” OR “the Company”)
PROPOSED RIGHTS OFFER
Shareholders are referred to the various SENS announcements released during the past 6
months where-in the Board of Directors (“Board”) have informed shareholders of the stressed
cash flow and poor trading conditions which have resulted in the Company continuing to incur
losses at both its operating units and service division.
During the past six months, the Board has engaged with various parties with the aim of
securing off-take agreements for the Nutritional Foods factory as well as the necessary
working capital to be able to fund the increase in tonnages pushed through the factory.
The Board is please to advise shareholders that it has finalized negotiations with Baphalane
Ba Mantserre Investment Holding (Pty) Ltd to underwrite a R10 000 000 Claw Back Rights
Issue at R0.001 per share (“the Issue”), of which there are no outstanding conditions
precedent.
Shareholders will be advised of the full details of the Issue in due course.
Johannesburg
29 May 2018
Designated Adviser
PSG Capital
Date: 29/05/2018 05:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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