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RBX
RBX - Raubex - Abridged Pre-Listing Statement
(Previously Lexpub 49 Investments Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2006/023666/06)
JSE Share code: RBX & ISIN: ZAE000093183
("Raubex" or the "Company")
Raubex Group Limited - Abridged Pre-Listing Statement
1. Introduction
Raubex is a construction company with a specific focus on infrastructure
development, which operates across all nine South African provinces and
throughout southern Africa. J E `Koos` Raubenheimer founded the business in
Bloemfontein in 1974 and progressively developed the Raubex Group into a
leader in road construction and rehabilitation and associated
infrastructure development including concrete structures.
Raubex has a proud record of over 30 years of uninterrupted profitability
and employs over 2 800 people. The Company is also a major supplier of
aggregates to the construction industry.
Raubex is a dynamic South African construction group that has delivered
consistent growth through leadership, innovation and quality. The Company
is proud of its BEE credentials and in terms of ownership is more than 26%
owned by previously disadvantaged groups.
Raubex`s vision is to leverage its position to become the leading road
construction and associated infrastructure operator in southern Africa.
Raubex`s mission is to create wealth for its shareholders, maximise cash
and dividends, whilst providing for sustainable re-investment and
satisfying the needs of all its stakeholders.
The Company intends to continue growing both organically and acquisitively.
As a publicly traded company Raubex will be better placed to participate in
Public Private Partnerships due to the enhanced financing options which
will be available to Raubex as well as its enhanced profile. The impact of
this should be positive on Raubex in light of the government spending plans
on infrastructure and in the tendering process for Public Private
Partnership projects in South Africa over the next five to ten years.
2. Purpose of the Pre-Listing Statement, Private Placing and Listing
The Directors of Raubex believe that the Company has outgrown its private
company status. In pursuing its intended vision and mission, the listing
will allow the Company to achieve the following:
- Greater access to capital markets;
- Attract and retain the best talent in the industry;
- Unlock value for existing shareholders and create value for
future shareholders; and
- Raise the Company profile leading to new business opportunities.
3. The Offer
The Offer, as described in the Pre-listing statement of Raubex dated 2
March 2007, comprises an offer in respect of the sale of 55 852 730
ordinary par value shares of R0,01 in the issued share capital of Raubex
("Raubex shares"), at a price of between R13.50 and R15.00 per Raubex share
("Offer price") in terms of a Private Placement.
The Private Placing was substantially over subscribed and the shares were
placed at R15.00 per Raubex share in terms of a book building process. As a
result, Raubex shares with a value of R837 490 950 were placed through the
Private Placing.
4. Directors
Name, age and Business address Occupation/
nationality function
Marake Collin Matjila 53 4th Street Chairperson (Non-
(45) Linden Executive)
South African 2195
Jacobus (Koos) Essaias Cleveley Chief Executive
Raubenheimer (64) Eufees Extension Officer
South African Bloemfontein
9300
Francois Diedrechsen 1st Floor, Leopard Finance and
(34) Creek Building commercial
South African The Greens Office Director
Park (Executive)
Centurion
0169
George (Thabo) Muller Cleveley Director
Raubenheimer (56) Eufees Extension (Executive)
South African Bloemfontein
9300
Mbali Bekiso Swana (50) 30 Broadway Street Director (Non-
South African Westville Executive)
3630
Freddie Kenney (52) 16 Humphrey Simes Director (Non-
South African Street Executive)
Bloemfontein
9303
Les Maxwell (60) 28 Harrison Street Director
South African Johannesburg (Independent Non-
2001 Executive)
5. Listing on the JSE
The JSE Limited has approved the listing of 162 129 832 Raubex shares in
the "Industrials - Heavy Construction" sector of the JSE with effect from
the commencement of business on Tuesday, 20 March 2007. The shares will
trade under the abbreviated name "Raubex" and JSE code "RBX".
6. Pre-Listing Statement
Copies of this Pre-listing statement may be obtained from the corporate
office of Raubex, the sponsors or transfer secretaries, at the addresses
detailed below:
Raubex Investec Corporate Computershare Investor
1st Floor, Leopard Finance Services 2004 (Pty) Ltd
Creek Building Second Floor Ground Floor
The Greens Office Park 100 Grayston Drive 70 Marshall Street
Centurion Sandown Johannesburg
0169 Sandton 2001
2196
Johannesburg,
20 March 2007
Bookrunner, Attorneys Financial communications
investment bank and adviser
sponsor
Investec Corporate Werksmans College Hill
Finance
Joint auditors and reporting accountants
PricewaterhouseCoopers Malan & Du Preez
Date: 20/03/2007 07:00:01 Produced by the JSE SENS Department.
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