FINBOND GROUP LIMITED - Results of The Underwritten Rights Offer and Dealing in Securities by Directors of the Company and Company Secretary

Results of The Underwritten Rights Offer and Dealing in Securities by Directors of the Company and Company Secretary

Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL
ISIN: ZAE000138095
(“Finbond” or “the Company”)

RESULTS OF THE UNDERWRITTEN RIGHTS OFFER AND DEALING IN SECURITIES BY
DIRECTORS OF THE COMPANY AND THE COMPANY SECRETARY

1. INTRODUCTION

   Shareholders are referred to the announcement released on SENS on
   Friday, 23 March 2018 relating to the partially underwritten rights
   offer of 172 609 725 new Finbond ordinary shares of 0.0001 cents
   each, in the authorised but unissued share capital of the Company
   offered for subscription to Finbond shareholders on basis of 22.18391
   Rights Offer Shares for every 100 Finbond ordinary shares held at 239
   cents per Rights Offer Share, raising approximately R412 million
   (“the Rights Offer”).

   As detailed below the Rights Offer was successful.

   Finbond raised R398 705 089 million, of which R33 369 299 is a cash
   amount and R365 335 790 will be set off against shareholders loans.

   The underwriters, Riskowitz Value Fund LP and Net 1 Finance Holdings
   Pty Ltd, subscribed for 97 274 649 and 55 585 514 Rights Offer
   Shares, respectively.

2. RESULTS OF THE RIGHTS OFFER

   The Rights Offer closed at    12:00   on    Friday,   20   April   2018.   The
   results are set out below:

                               Number of Rights Offer           % of Rights Offer
                               Shares
   Rights   Offer  Shares      172 609 725                      100%
   available for
   subscription
   Subscriptions for           124 441 232                      72.09%
   Rights Offer Shares
   Underwritten Rights         42 380 981                       24.55%
   Offer Shares allocated

3. ISSUE OF RIGHTS OFFER SHARES

   Share certificates will be posted to holders of certificated shares
   who have followed their rights on or about Monday, 23 April 2018.

   The CSDP or broker accounts of holders of dematerialised shares or
   their renouncees, who have followed their rights, will be credited
   with the Rights Offer Shares and debited with any payments due on
   Monday, 23 April 2018.

4. DEALING IN SECURITIES BY DIRECTORS OF THE COMPANY AND THE COMPANY
   SECRETARY

  In compliance with the Listings Requirements of the JSE Limited (“the
  Listings Requirements”), it is hereby advised that the below mentioned
  directors and company secretary accepted the offer to follow their
  rights in the Company’s rights offer. Clearance for the below
  transactions was provided.

Name of company              Finbond Group Limited
Name of director             Corné Eksteen
Office Held                  Chief Financial Officer
Class of securities          Finbond rights issue shares
Nature of transaction        On market exercise of right offer shares
Nature of interest           Direct beneficial
Date of transaction          23 April 2018
Number of shares             11 092
Rights offer price           239 cents
Total value of transaction   R26 509.88

Name of company              Finbond Group Limited
Name of director             Rosetta Xaba
Office Held                  Non-Executive Director
Class of securities          Finbond rights issue shares
Nature of transaction        On market exercise of right offer shares
Nature of interest           Direct beneficial
Date of transaction          23 April 2018
Number of shares             5 812
Rights offer price           239 cents
Total value of transaction   R13 890.68

Name of company              Finbond Group Limited
Name of director             Ben Bredenkamp
Office Held                  Company secretary
Class of securities          Finbond rights issue shares
Nature of transaction        On market exercise of right offer shares
Nature of interest           Direct beneficial
Date of transaction          23 April 2018
Number of shares             2 821
Rights offer price           239 cents
Total value of transaction   R6 742.19

Johannesburg
23 April 2018

Corporate Advisor and JSE Sponsor
Grindrod Bank Limited

Date: 23/04/2018 04:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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