Successful completion of rights offer
Sentula Mining Limited
Incorporated in the Republic of South Africa
(Registration number 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula” or “the Company”)
SUCCESSFUL COMPLETION OF RIGHTS OFFER
Shareholders are referred to the announcements released on the JSE Stock Exchange News Service
(“SENS”) on 19 February 2016 and 23 February 2016 and the circular dated 1 March 2016 wherein the
Company announced its intention to raise R104.58 million through a partially underwritten renounceable
rights offer (“the Rights Offer”).
The Rights Offer closed at 12h00 on Friday, 18 March 2016, and the board of directors of Sentula is
pleased to announce that the Company has raised R104.58 million.
The results of the Rights Offer are set out in the table below:
Number of Rights Rand value % of Rights Offer
Offer Shares Shares
Total shares available for 581 005 310 R104 580 955 100.0%
subscription in terms of the Rights
Offer
(“Rights Offer Shares”)
Rights Offer Shares subscribed for 401 256 461 R72 226 162.98 69%
Share allocated to underwriters:
JB Private Equity Investors
Partnership (“the Partnership”), an en
commmandite partnership between 124 193 294 R22 354 792.92 21%
Calibre Capital Proprietary Limited,
RECM and Calibre Limited, JB Capital
Proprietary Limited and JB Private
Equity Investors Trust
The Dalikhaya Rain Zihlangu Family 55 555 555 R10 000 000 10%
Trust (“the DRZ Family Trust”)
Total 581 005 310 R104 580 955.9 100%
Following the issue of the Rights Offer Shares, the number of Sentula shares in issue is 1 167 564 491.
Dealings by associates of directors
In compliance with the JSE Listings Requirements, the following associates of directors of Sentula
subscribed for shares in Sentula, in compliance with the underwriting agreements pursuant to the
Rights Offer.
Name of director: R Zihlangu
Type of director: Non-executive director
Name of associate: The DRZ Family Trust
Relationship: Trustee and beneficiary
Nature of transaction: Off-market purchase of ordinary shares in
terms of the Rights Offer
Number and class of securities purchased: 55 555 555 ordinary shares
Date of the transaction: 18 March 2016
Price: 18 cents per share
Total value: R10 000 000.00
Nature of interest: Indirect beneficial
Name of director: J Badenhorst
Type of director: Executive director
Name of associate: The Partnership
Relationship: Trustee and indirect beneficiary of JB Private
Equity Investors Trust, the general partner to
the Partnership
Nature of transaction: Off-market purchase of ordinary shares in
terms of the Rights Offer
Number and class of securities purchased: 124 193 294 ordinary shares
Date of the transaction: 18 March 2016
Price: 18 cents per share
Total value: R22 354 792.92
Nature of interest: Indirect beneficial
Issue and payment of Rights Offer Shares
The Central Securities Depository Participant (“CSDP”) or broker accounts of dematerialised Sentula
shareholders who have followed their rights in terms of the Rights Offer will be credited with their Rights
Offer Shares and debited with any payments due on or about Tuesday, 22 March 2016.
Certificated shareholders who subscribed for Rights Offer Shares will have their new share certificate
posted to them at their own risk on Tuesday, 22 March 2016.
Johannesburg
18 March 2016
Corporate adviser and sponsor
Questco
Date: 18/03/2016 03:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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