Enaleni Pharmaceuticals Limited - Results Of The P
Enaleni Pharmaceuticals Limited - Results Of The Private Placement
ENALENI PHARMACEUTICALS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2002/018027/06)
JSE Share code: ENL ISIN: ZAE000067740
(`Enaleni`)
Results of the private placement
Warning: The listing of ordinary shares in the company is on ALTx. Investors
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a
company listed on ALTx. In terms of the Listings Requirements, the company is
obliged to appoint and retain a Designated Adviser, which is required to, inter
alia, attend all board meetings held by the company to ensure that all the
Listings Requirements and applicable regulations are complied with, approve the
Financial Director of the company and guide the company in a competent,
professional and impartial manner. If the company fails to retain a Designated
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its
securities. If a Designated Adviser is not appointed within 30 days of its
suspension, the company faces the termination of its listing without the
prospect of an appropriate offer to minority shareholders.
Introduction
Exchange Sponsors is authorised to announce that Enaleni has raised R10 million
by way of a private placement of 10 000 000 ordinary shares at an issue price of
100 cents per share.
Allocations
The private placement was oversubscribed. The directors have allocated 4 140
000 shares to the institutional shareholders that have given irrevocable
undertakings to subscribe for shares in terms of the private placement. The
balance of 5 860 000 has been allocated as follows:
* Up to 20 000 shares - full allocation;
* Above 20 000 shares - 20 000 and 16.796% of the number of shares requested in
excess of 20 000.
Surplus application monies will be refunded to applicants by cheque on
Wednesday, 15 June 2005.
Listing and allocation
Enaleni will list on the Alternative Exchange of the JSE on Friday, 10 June 2005
and on that date dematerialised shareholders will have their safe custody
accounts credited with the new Enaleni shares subscribed for in terms of the
private placement.
Share certificates in respect of the new Enaleni shares subscribed for in terms
of the private placement will be posted to certificated shareholders on or about
Monday, 13 June 2005.
8 June 2005
Durban
Sponsor
Exchange Sponsors
Date: 08/06/2005 03:21:39 PM
Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
