Prism - Results Of The Rights Offer
PRISM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/018949/06)
Share code: PIM; ISIN: ZAE000022257
("Prism" or "the company")
RESULTS OF THE RIGHTS OFFER
The Board of Directors of Prism hereby announces the results of the Prism Rights
Offer of 290 414 410 new ordinary shares of 0,1 cents each ("rights shares").
Applications, including 30 799 833 excess applications, have been received for
289 213 421 rights shares, representing 99,6% of the total rights shares
offered. All excess applications will receive the number of rights share
applied for. In terms of the Underwriting Agreement, the underwriters of the
rights offer have subscribed for 1 200 989 new shares, equivalent to 0,4% of the
total number of rights shares offered. The 1 200 989 rights shares subscribed
for by the underwriters represent the underwritten portion of the rights offer.
Dematerialised shareholders will have their safe custody accounts credited with
the rights shares subscribed for in terms of the rights offer. Ordinary share
certificates will be posted to certificated shareholders.
Johannesburg
17 February 2003
Investment Bank and Attorneys Reporting accountants and
Sponsor auditors
Prinsloo, Tindle &
Gensec Bank Limited Andropoulos Inc. PricewaterhouseCoopers Inc
(Registration number (Registration number Chartered Accountants (SA)
1996/004744/06) 1998/021593/21) (Registration number
1998/012055/21)
Joint Underwriter Joint Underwriter Joint Underwriter
Horizon Equity The Archway Technology Tomori Enterprises
Partners Venture Capital Fund Incorporated in the British
(Proprietary) Limited (Master`s reference Virgin Islands
(Registration number number IT 1628/01) (Certificate of
1996/004275/07) Incorporation number 124599)
Joint Underwriter Corporate and Legal Advisor to the
Underwriters
Standard Corporate and Merchant
Bank Corpcapital Corporate Finance
(A division of The Standard (A division of Corpcapital Investments
Bank of South Africa Limited) (Proprietary) Limited)
(Registration number (Registration number 1998/000100/07)
1962/000738/06)
Date: 17/02/2003 03:33:55 PM Supplied by www.sharenet.co.za
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