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Results of Offer
WILDERNESS HOLDINGS LIMITED
(Registration number 2004/2986)
(Registered as an external company in South Africa
Registration number 2009/022894/10)
ISIN: BW0000000868
Share code: WIL
(“Wilderness” or “the Company”)
AFRICAN WILDLIFE HOLDINGS PARTNERSHIP
(an en commandite partnership in Botswana)
(“AWH”)
RESULTS OF OFFER
1. INTRODUCTION
Shareholders of Wilderness (“Shareholders”) are referred to the circular (“Offer Circular”) to
Shareholders in respect of (i) the offer (“Offer”) by AWH to acquire all of the issued ordinary shares in
Wilderness (“Shares”) other than those Shares held by AWH, Mr Keith Vincent (AWH’s concert party)
and The Rise Fund, invested through its affiliate being Wild Holdco Limited, at a price of BWP 6.25 per
Share; and (ii) the delisting of the Company from the Main Board of the BSE and the Main Board of the
JSE (“Delisting”).
Shareholders are further referred to the finalisation announcement (“Finalisation Announcement”)
released by the Company and AWH on X-News and SENS on 23 May 2019 in terms of which
Shareholders were advised that, amongst other things, all of the conditions to implementation of the
Offer had been fulfilled and that the Offer would remain open until 12:00 on Friday, 14 June 2019.
Capitalised terms used and not separately defined in this announcement bear the same meaning as
the capitalised and defined terms used in the Offer Circular.
2. RESULTS OF THE OFFER
2.1 Shareholders are advised that the Offer closed at 12:00 on Friday, 14 June 2019 and that the results of
the Offer are as follows:
2.1.1 AWH received acceptances of the Offer in respect of 70,846,348 Shares representing 29.7% of the
total Shares in issue and 81.2% of the total number of issued Offer Shares; and
2.1.2 assuming valid settlement of all outstanding trades:
2.1.2.1 the total interest in the securities of the Company held by AWH will increase to 131,137,348
Shares, representing 55.1% of the total issued Shares;
2.1.2.2 the total interest in the securities of the Company held by public shareholders (as defined in the
BSE Listings Requirements) will be approximately 16.5 million Shares, representing approximately
6.9% of the total issued Shares; and
2.1.2.3 the Shareholding in the Company will be as follows:
Shareholder Total number of % of issued Shares
Shares held
AWH 131,137,348 55.1
The Rise Fund 80,697,582 33.9
Keith Vincent 9,884,701 4.2
Botswana Public Officers Pension Fund 10,611,727 4.5
Other minority shareholders* 5,845,222 2.5
Total 238,176,580 100
* Shareholders holding less than 1,000,000 Shares each, representing approximately 0.4% of the total issued Shares.
3. DELISTING OF WILDERNESS SHARES
3.1 As set out in the Finalisation Announcement, Shareholders are advised that the listing of the Shares on
the main board of the BSE and JSE is expected to be terminated at commencement of trade on the
BSE and the JSE on Wednesday, 3 July 2019.
3.2 As soon as practicable following the Delisting, the Company will issue new share certificates to
evidence the shareholding of those Shareholders who remain Shareholders in the Company after the
Delisting has been implemented.
4. INDEPENDENT BOARD RESPONSIBILITY STATEMENT
The Independent Board accepts responsibility for the information contained in this announcement which
relates to Wilderness and confirms that, to the best of its knowledge and belief, such information which
relates to Wilderness is true and this announcement does not omit anything likely to affect the importance
of such information.
5. AWH RESPONSIBILITY STATEMENT
AWH accepts responsibility for the information contained in this announcement which relates to AWH
and confirms that, to the best of its knowledge and belief, such information which relates to AWH is true
and this announcement does not omit anything likely to affect the importance of such information.
Gaborone
20 June 2019
Legal Advisers to Wilderness and AWH Independent Expert
Desai Law Group BDO Corporate Finance
Bowmans
Botswana Sponsoring Brokers to Wilderness South African Sponsor to Wilderness
Motswedi Securities Arbor Capital Sponsors
Date: 20/06/2019 04:30:00 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.
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