Excellerate Holdings Limited - Results Of Renounce
Excellerate Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/009884/06)
Share code: EXL ISIN: ZAE000026092
("Excellerate")
RESULTS OF RENOUNCEABLE CLAW-BACK RIGHTS OFFER
Further to the circular to Excellerate shareholders regarding a renounceable
claw-back rights offer ("the claw-back offer") of 47 272 727 unsecured,
compulsorily convertible debentures ("convertible debentures") at an issue price
of 55 cents per convertible debenture in the ratio of 25,58572 convertible
debentures for every 100 shares held dated 30 December 2002, Nedbank Corporate
is authorised to announce that 108 085 convertible debentures, representing
0.23% of the entire number of convertible debentures, were subscribed for by
Excellerate shareholders. The balance of the convertible debentures has been
subscribed for by the underwriters.
In terms of the aforementioned circular, convertible debenture certificates will
be mailed to certificated shareholders or credited directly to the relevant CSDP
or broker in respect of dematerialised shareholders today.
Johannesburg
20 January 2003
Investment bank Corporate law Auditors and Joint
and sponsor advisers and reporting underwriter
consultants accountants
Nedbank Corporate Edward Nathan KPMG Inc. Nedbank
& Friedland Corporate
Date: 20/01/2003 04:00:00 PM Produced by the JSE SENS Department
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