CYCAD FINANCIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/008637/06)
JSE Share code: CYD ISIN: ZAE000017729
Share code for renounceable (nil paid) letter of allocation: CYDN
ISIN for renounceable (nil paid) letters of allocation: ZAE000037289
("Cycad")
Results Of Rights Offer
Further to the renounceable rights offer undertaken by Cycad to raise
approximately R30 million, before expenses, through the issue of new Cycad
ordinary shares at 10 cents per share, with excess applications ("the rights
offer"), shareholders of Cycad are advised as follows:
* subscriptions (which included excess applications that have been
allocated in full) amounting to R20 million were received from ordinary
shareholders and their renouncees to subscribe for 200 000 000 new Cycad
ordinary shares ("the subscribed shares") in terms of the rights offer; and
* as such, all the conditions to which the rights offer was subject have
now been met and the subscribed shares, which are in the process of being
allotted and issued, will be listed on the JSE Securities Exchange South
Africa from the commencement of trade on Friday, 12 April 2002.
Share certificates in respect of the subscribed shares will be mailed on
Friday, 12 April 2002 to shareholders who have not dematerialised their
Cycad ordinary shares, and in respect of shareholders who have
dematerialised their Cycad ordinary shares, credited on the same day
directly to their relevant Central Securities Depository Participants or
brokers.
Johannesburg
10 April 2002
Investment bank
Nedcor Investment Bank
Sponsor
Deutsche Securities
Member of the Deutsche Bank Group
Deutsche Securities (SA) (Proprietary) Limited
Registration number 1995/011798/07)
Corporate law advisers and consultants
Edward Nathan & Friedland (Pty) Ltd
Corporate Law advisers & consultants
Attorneys
Werksmans Incorporated
(Registration number 1990/007215/21)
Auditors and reporting accountants
Fisher Hoffman PKF (Jhb) Inc.
Chartered Accountants (SA)
Registered Accountants & Auditors
(Registration number 1994/001166/21)
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
