Business Venture Investments No 951 Limited - Resu
VNF
VNF
Business Venture Investments No 951 Limited - Results Of The Conditional Offer
To Subscribe For Shares In Newco
Business Venture Investments No 951 Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/034954/06)
("Newco")
RESULTS OF THE CONDITIONAL OFFER TO SUBSCRIBE FOR SHARES IN NEWCO
Former shareholders of VenFin Limited, who validly accepted the offer by
Vodafone Holdings (SA) (Proprietary) Limited ("offerees"), are referred to the
circular dated 5 December 2005 wherein offerees were, inter alia, offered a
conditional subscription right by Newco to acquire an interest in Newco ("the
subscription offer").
Offerees are advised that Newco received valid applications for 203 825 052
Newco ordinary shares at a subscription price of R11.24 per share. This is in
excess of the minimum subscription requirement of 88 967 972 ordinary shares
imposed by Newco and the subscription offer has therefore become unconditional.
Documents of title will be sent to all offerees who validly exercised their
subscription right ("subscribers"). The documents of title will be sent to
subscribers by regular post at the risk of the subscribers.
As the subscription offer was not fully subscribed, the underwriter, Rembrandt
Trust (Proprietary) Limited ("RTL"), will take-up its commitment of an
additional 53 461 620 Newco ordinary shares.
Subscribers are reminded that RTL has also subscribed for 35 506 352 Newco B
ordinary shares at R11.24 per share.
Stellenbosch
14 March 2006
Merchant bank to Newco
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Attorneys to Newco
Hofmeyr Herbstein & Gihwala Inc
Date: 14/03/2006 05:19:59 PM Produced by the JSE SENS Department
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