Claw-Back Offer
Bauba Resources Limited
Incorporated in the Republic of South Africa
(Registration number 1986/004649/06)
Share code: BAU ISIN: ZAE000145686
("Bauba" or “the Company”)
CLAW-BACK OFFER
Shareholders are hereby advised that Bauba intends to raise an amount of R33 883 881.02 by way of a
renounceable claw-back offer pursuant to which Bauba shareholders will be offered the right to subscribe for
their pro rata portion of 109 302 842 Bauba shares (“Claw-Back Offer Shares”), at a subscription price of
R0.31 per Claw-Back Offer Share (“Claw-Back Offer”).
Pelagic Resources Pte Limited and/or Raubex Proprietary Limited (“Underwriters”), which currently hold
17.7% and 23.1% of the issued share capital of Bauba respectively, will underwrite the Claw-Back Offer at no
underwriting fee. In terms of the agreement to be entered into between the Company and the Underwriters,
the proceeds from the Claw-Back Offer will be lent to Bauba by the Underwriters upfront.
The full Claw-Back Offer declaration announcement will be released on SENS, and a circular detailing the
Claw-Back Offer will be distributed to shareholders, in due course
Johannesburg
29 September 2021
Sponsor
Merchantec Capital
Date: 29-09-2021 12:53:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
