Brimstone Investment Corporation Limited - Results of the claw-back offer
Brimstone Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1995/010442/06)
(Share code: BRT ISIN: ZAE000015277)
(Share code: BRN ISIN: ZAE000015285)
(`Brimstone`)
Results of the claw-back offer
1. Introduction
Brimstone raised R110 083 771 through the subscription by Rand Merchant Bank
(`RMB`) for 100 076 155 Brimstone `N` ordinary shares issued in terms of the
claw-back offer (`offer shares`) at 110 cents per offer share. Brimstone
shareholders had the right to acquire 75 offer shares for every 100 Brimstone
ordinary shares or `N` ordinary shares held from RMB, details of which were
set out in the circular to Brimstone shareholders dated 30 May 2005.
2. Results of the claw-back offer
The results of the claw-back offer which closed at 12:00 on 17 June 2005 are
set out below:
Number % of offer % of `N`
of offer shares issued ordinary
shares in terms of shares
the claw-back after the
offer claw-back
offer
RMB subscription 100 076 155 100,0 51,7
Offer shares applied for in terms
of the claw-back offer 94 116 889 94,0 48,6
Offer shares retained by RMB 5 959 266 6,0 3,1
3.Salient date
On Monday 20 June 2005:
- dematerialised shareholders will have their safe custody accounts credited
with the offer shares subscribed for in terms of the claw-back offer; and
- share certificates in respect of the offer shares subscribed for in terms of
the claw-back offer by certificated shareholders will be posted to such
shareholders.
Sandton
20 June 2005
Merchant bank and transaction sponsor
RAND MERCHANT BANK
A division of FirstRand Bank Limited
Sponsor
NEDBANK CAPITAL
Legal advisor
Hofmeyr Herbstein & Gihwala Inc.
Registration number 1997/001523/21
Independent reporting accountants
Deloitte & Touche Accountants(SA)
Registered Accountants and Auditors
Date: 21/06/2005 07:03:54 AM
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