JCI - Results Of The Rights Offer
JCI Limited
(Formerly Consolidated African Mines Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1894/000854/06)
(Share code JCD ISIN: ZAE000039681)
("JCI")
RESULTS OF THE RIGHTS OFFER
Shareholders are advised that, pursuant to the renounceable rights offer
by JCI ("rights offer") of 344 488 942 new ordinary shares of 1 cent
each at a subscription price of 45 cents per share ("rights offer
shares"), shareholders and/or their renouncees had subscribed for 364
196 rights offer shares as at the close of the rights offer on Friday, 6
September 2002.
The underwriters, BNC Investments (Pty) Limited ("BNC") and Investage
170 (Pty) Limited ("Investage") advanced R155 million ("the underwriting
loans") to JCI in order to facilitate the acquisition of JCI Gold
Limited. In terms of the underwriting agreements, the underwriting loans
are to be repaid by way of utilising the cash proceeds from the rights
offer and the remaining balance by way of the allotment of rights offer
shares not subscribed for by other shareholders. Accordingly, BNC and
Investage have been allotted 188 713 570 and 155 411 176 rights offer
shares respectively.
Dematerialised shareholders will have their safe custody accounts
credited with the shares subscribed for in terms of the rights offer on
or about Monday, 9 September 2002. Share certificates will be posted to
certificated shareholders on or about Monday, 9 September 2002.
Johannesburg
9 September 2002
Investor Relations
JCI Limited
G.W. Poole
Tel: +27 11 688 5012
Fax: +27 11 834 9195
Corporate advisor and lead sponsor
Corpcapital Corporate Finance
(a sponsor registered with the JSE Securities Exchange South Africa)
Joint sponsor
Sasfin Bank Limited
(Registration number: 1951/002280/06)
Attorneys
Tabacks
Reporting accountants
KPMG
Date: 09/09/2002 12:17:39 PM Produced by the JSE SENS Department
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