STADIO HOLDINGS LIMITED - Stadio Rights Offer Results

Stadio Rights Offer Results

STADIO HOLDINGS LIMITED
(Previously Embury Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa)
Registration number: 2016/371398/06
JSE share code: SDO
ISIN ZAE000248662
(“STADIO”)

STADIO RIGHTS OFFER RESULTS

STADIO shareholders (“Shareholders”) are referred to the
announcement published by STADIO on 3 October 2017 and the
circular dated 3 October 2017 (“Circular”) relating to the STADIO
underwritten renounceable rights offer to raise up to R640 million
(“Rights Offer”). In terms of the Rights Offer, STADIO offered
256 000 011 new STADIO ordinary shares (“Rights Offer Shares”) to
qualifying Shareholders at a subscription price of 250 cents per
Rights Offer Share, in the ratio of 57.19647 Rights Offer Shares
for every 100 STADIO ordinary no par value shares held on the
record date for the Rights Offer, being Friday, 13 October 2017.

PSG Financial Services Limited (“PSG Financial Services”) provided
STADIO with an irrevocable undertaking that it and/or PSG Alpha
Proprietary Limited (“PSG Alpha”) (being a subsidiary of PSG
Financial Services), will follow all of their rights in terms of
the Rights Offer and will subscribe for all the Rights Offer Shares
to which they are entitled under the Rights Offer.

PSG Financial Services also irrevocably undertook to underwrite
the balance of the Rights Offer Shares, being a maximum of
125 471 918 Rights Offer Shares, to the extent that Shareholders
other than PSG Financial Services and/or PSG Alpha do not follow
their Rights.

The results of the Rights Offer, which closed on Friday,
27 October 2017, are as follows:

                                Number of Rights           % of Rights
                                  Offer Shares             Offer Shares
 Rights Offer Shares                 256 000 011                 100%
 available for subscription
 Rights Offer Shares                  255 141 087              99.67%
 subscribed for by
 Shareholders
 Rights Offer Shares to be                858 924              0.33%
 issued to the Underwriter

Shareholders who have subscribed for Rights Offer Shares will
receive their Rights Offer Shares today, Monday 30 October 2017.

Durbanville
30 October 2017

Transaction Advisor and Sponsor: PSG Capital Proprietary Limited

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