ITALTILE LIMITED - Finalisation Announcement in respect of the Italtile Partially Underwritten Rights Offer

Finalisation Announcement in respect of the Italtile Partially Underwritten Rights Offer

ITALTILE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Company”)
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 FINALISATION ANNOUNCEMENT IN RESPECT OF THE ITALTILE PARTIALLY UNDERWRITTEN RIGHTS OFFER
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1. INTRODUCTION
   Italtile Shareholders ("Shareholders") are referred to the announcement released on SENS on
   23 October 2017 (“Declaration Announcement”) wherein Shareholders were advised that Italtile
   intends to raise up to R1.59 billion by way of a partially underwritten renounceable rights offer (“Rights
   Offer”), in terms of which Italtile will offer a total of 260 539 178 new ordinary shares of no par value
   (“Rights Offer Shares”) at a subscription price of R11.57 per Rights Offer Share in the ratio of 22
   Rights Offer Shares for every 100 Italtile shares ("Italtile Shares") held at the close of business on the
   record date for the Rights Offer, being Friday, 10 November 2017 (“Record Date”).

2. RIGHTS OFFER CIRCULAR
   Shareholders are advised that Italtile has received formal approval of the Rights Offer circular from the
   Issuer Regulation Division of the JSE Limited and accordingly, the Rights Offer can now be implemented
   in accordance with the salient dates and times as set out in the Rights Offer circular and the Declaration
   Announcement.
   The Rights Offer circular and accompanying Form of Instruction for use by certificated Shareholders
   only, containing full particulars of the Rights Offer, will be posted on Monday, 6 November 2017 to
   certificated Shareholders recorded in the share register on Friday, 27 October 2017. Certificated
   Shareholders must complete the Form of Instruction and lodge it with the transfer secretaries indicating
   how they wish to participate in the Rights Offer.
   The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on Tuesday,
   14 November 2017 to dematerialised Shareholders (who have elected to receive such documents)
   recorded in the share register on the Record Date. Dematerialised Shareholders will not receive a
   “printed” Form of Instruction, but will have their accounts updated with their Rights Offer entitlement by
   their Central Securities Depository Participant ("CSDP") or broker. Holders of dematerialised Italtile
   Shares are required to notify their CSDP or broker of the action they wish to take in respect of the Rights
   Offer in the manner and by the time stipulated in the agreement governing the relationship between the
   dematerialised Shareholder and his/her CSDP or broker.
   The Rights Offer circular will be made available on the Company’s website, www.italtile.com, by close of
   business on Monday, 6 November 2017.

Johannesburg
2 November 2017

Sponsor and Corporate Advisor
Merchantec Capital

Legal Advisor
Hogan Lovells (SA) Inc.

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