ESOR LIMITED - Results of the Esor Rights Offer

Results of the Esor Rights Offer

ESOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
JSE code: ESR
ISIN: ZAE000184669
(“Esor”)


RESULTS OF THE ESOR RIGHTS OFFER

Shareholders are referred to the announcements released on SENS on Friday,
20 January 2017 (“Declaration Announcement”) and Thursday, 26 January 2017
(“Finalisation Announcement”) as well as the circular dated Thursday, 2 
February  2017 in respect of a fully-underwritten renounceable rights offer
of R37.54 million (“Rights Offer”) in terms of which Esor offered a total of
98 796 357 rights offer shares (“Rights Offer Shares”) at a price of 38 cents
per Rights Offer Share in the ratio of 25 Rights Offer Shares for every 100
Esor shares held on the record date for the Rights Offer, being Friday, 3
February 2017.

The Rights Offer closed on Friday, 17 February 2017 and was fully subscribed.

1.   Results of the Rights Offer

The results of the Rights Offer, is as follows:


                                     Number of      Rand value    % of Rights
                                     Rights Offer                 Offer Shares
                                     shares
Total shares available for           98 796 357     R37 542 616   100.0%
subscription in terms of the
Rights Offer:

Rights Offer Shares subscribed       63 132 603     R23 990 389   63.9%
for:

Rights Offer Shares taken up by      35 663 754     R13 552 227   36.1%
the underwriter


2.   Issue and payment for Rights Offer Shares


The CSDP or broker accounts of holders of dematerialised Esor shares will be
credited with Rights Offer Shares and debited with payments due on Monday,
20 February 2017.

Rights Offer Share certificates in terms of the Rights Offer will be posted
to holders of Certificated Esor shares on or about Monday, 20 February 2017,
at their own risk.


Germiston
20 February 2017

Sponsor and corporate advisor
Vunani Corporate Finance

Date: 20/02/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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