Temporary delay of listing
Revego Africa Energy Limited
(Incorporated in South Africa)
(Registration Number: 2018/392811/06)
(LEI: 378900D3189A58DB1E83)
Share code on the JSE: RVG
ISIN: ZAE000296513
(“Revego” or “the Company”)
TEMPORARY DELAY OF LISTING
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR
INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION OR REQUIRE REVEGO TO TAKE ANY
FURTHER ACTION.
On Wednesday, 31 March 2021, Revego released a Pre-Listing Statement and Abridged Pre-
Listing Statement on SENS, relating to the Listing of Revego’s Shares in the “Closed End
Investments” sector of the main board of the exchange operated by the JSE. Unless otherwise
defined in this announcement, capitalised terms are as defined in the Pre-Listing Statement.
Revego has attracted positive interest during the course of its roadshow and attained surplus
interest to the minimum subscription of R1,519m. However, the shareholder base and allocations
are still being considered with reference to the Listings Requirements, whereafter Listing is
expected to follow. Revego is engaging with potential investors and will provide an update to the
market as soon as possible.
Consistent with disclosure in the Pre-Listing Statement and prior SENS announcements the
Stabilisation Manager may, in connection with the Offer, effect transactions which may support
the market price of the Shares at a level higher than that which might otherwise prevail for a
limited period after the Listing Date. However, there is no assurance that the Stabilisation
Manager will undertake any such actions and there is no obligation on the Stabilisation Manager
to do so. Such actions may be effected on the JSE, and will be carried out in accordance with the
Listings Requirements and other applicable law. Such Stabilisation, if commenced, may be
discontinued at any time without prior notice and will in any event be discontinued after the
Stabilisation Period (being the period from the Listing Date until 30 calendar days after the Listing
Date). Such stabilising action may under no circumstances continue beyond the 30th calendar
day after the Listing Date.
In connection with the Offer, the Stabilisation Manager will be permitted to purchase up to
2,000,000 Shares in the market comprising up to approximately 1.3% of the total number of Offer
Shares. Any such Shares purchased will be sold to Investec at the Offer Price, which Investec
will hold together with the Shares acquired by it as part of its investment as a Cornerstone
Shareholder
28 April 2021
Johannesburg
Financial Advisor and Bookrunner
Investec Bank Limited
Independent Auditor and Independent Reporting Accountant
Ernst and Young Incorporated
Legal Advisor to Revego
Norton Rose Fulbright South Africa Incorporated
Legal Advisor to Bookrunners
DLA Piper Advisory Services Proprietary Limited
Sponsor
Tamela Holdings Proprietary Limited
Transfer Secretaries
Computershare Investor Services Proprietary Limited
Date: 29-04-2021 07:05:00
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.