Go Back Email this Link to a friend

SAH - South African Coal Mining Holdings - Rights Offer Finalisation

Release Date: 04/07/2008 15:15:01      Code(s): SAH
SAH - South African Coal Mining Holdings - Rights Offer Finalisation            
South African Coal Mining Holdings                                              
(Incorporated in the Republic of South Africa)                                  
(Registration number 1994/009012/06)                                            
JSE share code: SAH                                                             
ISIN: ZAE000102034                                                              
("SACMH" or "the company")                                                      
RIGHTS OFFER FINALISATION ANNOUNCEMENT                                          
Shareholders are referred to the announcement dated 26 June 2008 in which SACMH 
announced that the board had decided to undertake a rights offer to fund the    
company`s expansion programs ("the rights offer"). In terms of the rights offer,
25 million new shares ("the rights shares") will be issued at a price of R4.00  
per rights share in a ratio of 1 rights share for every 16.47239 SACMH shares   
held on the record date in order to raise R 100 million.                        
The JSE Limited has granted a listing for the letters of allocation and the     
rights shares and the Companies and Intellectual Property Registration Office   
has registered all the documents required in respect of the rights offer.  The  
rights offer is accordingly unconditional and will proceed in accordance with   
the timetable set out in the announcement of 26 June 2008.                      
A circular, giving full details of the rights offer, will be posted to          
shareholders, recorded in the register on the record date, on Monday 21 July    
2008. A form of instruction in respect of a letter of allocation will be        
enclosed with the circular for use by shareholders who have not dematerialised  
their SACMH shares. Copies of the circular, in English, will be available during
normal business hours from Monday 21 July 2008 until Friday 8 August 2008       
(Saturdays, Sundays and public holidays excluded) from the offices of:          
-  SACMH, Mirkwood Estate, No 26, Klipkop JR; and                              
 -  QuestCo Sponsors (Proprietary) Limited, The Campus, 57 Sloane Street,       
4 July 2008                                                                     
Sponsor: QuestCo Sponsors                                                       
Date: 04/07/2008 15:15:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.