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Finalisation announcement in respect of The Rights Offer, posting of The Circular and Notice of General Meeting
African Dawn Capital Limited
Incorporated in the Republic of South Africa
(Registration Number: 1998/020520/06)
JSE share code: ADW
ISIN: ZAE000060703
(“Afdawn” or the “Company")
FINALISATION ANNOUNCEMENT IN RESPECT OF THE RIGHTS OFFER,
POSTING OF THE CIRCULAR AND NOTICE OF GENERAL MEETING
Shareholders were referred to the declaration announcement
released on SENS on Thursday, 6 March 2014 (“the
Declaration Announcement”) advising shareholders that
Afdawn intends to raise up to R40 654 732.40 from its
shareholders by way of a partially underwritten
renounceable rights offer (“the Rights Offer”).
In addition shareholders were advised in the Declaration
Announcement that Afdawn received an irrevocable
undertaking from Vaalmac Investments Proprietary Limited
(“the Underwriter”) to underwrite 50 000 000 of the Rights
Offer shares and in order to ensure that the Underwriter
obtains a meaningful stake in Afdawn if insufficient shares
are obtained as part of the underwriting, Afdawn has agreed
to propose the specific issue of shares to the Underwriter
(“the Specific Issue”).
Shareholders are hereby advised that the Company has
received formal approval of the Rights Offer and the
Specific Issue circular (“the Circular”) from the Issuer
Regulation Division of the JSE Limited and accordingly, the
Rights Offer and the Specific Issue can now be implemented
in accordance with the salient dates and times set out in
the Declaration Announcement.
POSTING OF THE CIRCULAR AND NOTICE OF GENERAL MEETING
Shareholders are further advised that the Circular
containing full details of the terms of the Rights Offer
and the Specific Issue, incorporating a form of instruction
in respect of the letters of allocation, a notice of
general meeting and a proxy form in respect of the general
meeting will be distributed on Monday, 17 March 2014 to all
shareholders recorded in the Afdawn share register as such
on the record date, being Friday, 7 March 2014 for purposes
of the Circular and Friday, 14 March 2014 for purposes of
the form of instruction in respect of the letters of
allocation, where applicable.
Notice is hereby given that a general meeting of Afdawn
shareholders will be held at 10:00 on Tuesday,
15 April 2014, in the boardroom of the Company at First
Floor, Quadrum 4, Quadrum Office Park, 50 Constantia
Boulevard, Constantia Kloof, Extension 28, South Africa to
consider the resolutions tabled in the notice of general
meeting. The date on which shareholders must be recorded in
the share register maintained by the transfer secretaries
of the Company for purposes of being entitled to attend and
vote at the general meeting is Friday, 4 April 2014, with
the last day to trade being Friday, 28 March 2014.
Johannesburg
10 March 2014
Transaction Adviser and Transaction Designated Adviser:
PSG Capital
Independent Reporting Accountant: Grant Thornton
Date: 10/03/2014 11:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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