Wellco Health Limited - Results of the placement
Wellco Health Limited
(formerly Nungu Trading 279 (Pty) Ltd)
(Incorporated in the Republic of South Africa)
(Registration number 2005/005805/06)
Share code: WLL ISIN: ZAE000071841
(`Wellco` or `the company`)
RESULTS OF THE PLACEMENT
Warning: The listing of the ordinary shares in the company is on the ALTX.
Shareholders are advised of the risks of investing in a company listed on the
ALTX. Shareholders are advised that the JSE does not guarantee the viability or
the success of a company listed on the ALTX. In terms of the JSE Listings
Requirements a designated advisor has to be retained by the company. The
designated advisor is required to, inter alia, attend all board meetings held by
the company to ensure that all JSE 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 advisor it must make arrangements to
appoint a new designated advisor within 10 business days, failing which the
company faces suspension of trading of its securities. If a designated advisor
is not appointed within 30 days of its suspension the company faces the
termination of its listing without an offer to minority shareholders.
1. INTRODUCTION
Wellco develops and markets health focused consumer packaged products and
services. The products participate in the pharmaceutical (complementary
medicine) and fast moving consumer goods (FMCG) categories.
2. RESULTS OF THE PLACEMENT
The private placement of 18 000 000 at 50 cents a share which closed on Friday,
16 September 2005 was fully subscribed for.
3. IMPORTANT DATES AND TIMES 2005
Commencement of the listing at 09:00 on Thursday, 22 September
Posting of share certificates on or about Thursday, 22 September
Dematerialised shareholders will have their
accounts at their CSDP or broker credited
with their shares Thursday, 22 September
4 LISTING ON THE AltX
The JSE has approved the listing of 56 827 842 shares on the AltX. The shares
will trade under the abbreviated name `WELLCO` and the JSE code `WLL.`
Pretoria
19 September 2005
Corporate adviser and designated advisor Reporting accountants
RIVER GROUP HORWATH LEVETON BONER
Date: 19/09/2005 10:59:58 AM
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