Makalani - Results of the public offer and private
Makalani - Results of the public offer and private placement
Makalani Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/000726/06)
Ordinary share code: MKL
ISIN: ZAE000066700
(`Makalani` or `the Company`)
Results of the public offer and private placement
Introduction
Rand Merchant Bank, a division of FirstRand Bank Limited is authorised to
announce that Makalani has raised R2.5 billion by way of a private placement of
20 000 000 linked units at R100 each and a public offer of 5 000 000 linked
units at R100 each.
Allocations
The public offer and private placement were oversubscribed. The allocations in
terms of the public offer were made as follows:
Number of linked units applied %
for allocation
100 - 500,000 100.0%
500,001 - 1,000,000 95.0%
1,000,001 - 2,000,000 90.0%
2,000,001 and more 84.6%
Listing and allocation date
On Wednesday 18 May 2005, the listing date of Makalani:
- dematerialised shareholders will have their safe custody accounts credited
with the new Makalani linked units subscribed for in terms of the public
offer and private placement; and
- share certificates in respect of the new Makalani linked units subscribed
for in terms of the public offer and private placement will be posted to
certificated shareholders.
Sandton
16 May 2005
Merchant bank, lead arranger and sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Attorneys
Hofmeyr Herbstein & Gihwala Inc.
Lead Sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Reporting accountants and auditors
PricewaterhouseCoopers Inc.
Date: 16/05/2005 03:37:07 PM
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