GijimaAst - Results Of The Rights Offer
Gijima AST Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/021790/06)
Share code: GIJ
ISIN: ZAE000064606
(`GijimaAst`)
RESULTS OF THE RIGHTS OFFER
The directors of GijimaAst are pleased to announce the results of the rights
offer of 457 142 857 GijimaAst ordinary shares at an issue price of 35 cents per
share (`rights shares`).
Applications were received in respect of 693 971 353 rights shares, representing
151.8% of the rights shares offered in terms of the rights offer. Accordingly,
the rights offer was oversubscribed by 51.8%. 27 074 659 rights shares were
allocated in respect of excess applications received in respect of the rights
offer.
Since the rights offer was oversubscribed, none of the underwriters of the
rights offer was required to subscribe for rights shares.
Share certificates in respect of rights shares subscribed for will be posted to
certificated shareholders today and dematerialised shareholders` safe custody
accounts with their Central Securities Depository Participants or brokers will
be credited with rights shares subscribed for today.
Samrand
3 May 2005
Investment bank and transactional sponsor
STANDARD BANK
Lead independent sponsor
J. P. MORGAN EQUITIES LIMITED
Attorneys
ROUTLEDGE MODISE MOSS MORRIS
Date: 03/05/2005 04:58:04 PM
Produced by the JSE SENS Department
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