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Phumelela Gaming And Leisure Limited - Results of the racing public offer,
basis of allotment and commencement of listing
Phumelela Gaming And Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
("Phumelela" or "the company")
JSE share code: PHM ISIN: ZAE 000039269
Results of the racing public offer, basis of allotment and commencement of
listing
1. Introduction
Investec Bank Limited is authorised to announce the results and the basis
of allotment of the racing public offer of 19 250 000 ordinary shares of 2,5
cents each in the share capital of Phumelela.
2. Racing public offer
Applications in terms of the racing public offer were received for 309
984 020 ordinary shares and as such the racing public offer was 16,1 times
subscribed. Ordinary shares have been allotted to qualifying applicants on
the following basis:
Number of shares Allocation
applied for
0 - 499 No allocation
500 - 20 000 Full allocation
20 100 - 100 000 20 000 plus 40% of the balance above 20 000
100 100 - 1000 000 52 000 plus 4% of the balance above 100 000
over 1000 000 88 000 plus 1,78818% of the balance above 1000 000
3. Issue of shares and refund cheques
In respect of those applicants who have opted to receive physical share
certificates, the share certificates will be posted by registered post today
to the address shown in the application form. Phumelela and Computershare
Investor Services Limited accept no liability for share certificates that
may be lost in the post. No request for the issue of replacement share
certificates will be considered before Friday, 21 June 2002 and thereafter
only in writing and accompanied by an acceptable indemnity. In respect of
those applicants who have opted for uncertificated shares, their duly
appointed CSDPs or broker's accounts will be credited today.
In respect of those applicants who have opted to receive physical share
certificates, refund cheques in respect of unsuccessful applications will be
posted to the applicants concerned by ordinary mail today. Applicants opting
to receive dematerialised shares must refer to the agreement governing their
relationship with their CSDPs or brokers. No interest will be paid on the
monies refunded to applicants.
4. Listing on the JSE Securities Exchange South Africa ("JSE")
The JSE has granted a listing of the entire issued share capital of
Phumelela, comprising 70 000 285 ordinary shares, in the Development Capital
Market of the JSE under the abbreviated name "Phumelela", with effect from
Friday, 14 June 2002.
Johannesburg
12 June 2002
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Sponsor
Investec Securities Limited
Member of the JSE
(Registration number. 1972/008905/06)
Attorneys
Bowman Gilfillan Inc.
Registration number 1998/021409/21
Joint auditors and reporting accountants
Ernst & Young
Tsanwani &Company
Date: 12/06/2002 08:44:42 AM Produced by the SENS Department
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