ADVANCED HEALTH LIMITED - Results of the partially underwritten non-renouncable Rights Offer

Results of the partially underwritten non-renouncable Rights Offer

ADVANCED HEALTH LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/059246/06)
(“the Company” or “Advanced Health”)
ISIN Code: ZAE000189049            JSE Code: AVL

RESULTS OF THE PARTIALLY UNDERWRITTEN NON-RENOUNCABLE RIGHTS OFFER


1.    INTRODUCTION
      Shareholders are referred to the announcement released on SENS on Monday, 15 March 2021 relating
      to the partially underwritten non-renounceable Rights Offer of 279 416 667 new Advanced Health
      Shares of no par value in the authorised but unissued share capital of the Company, offered for
      subscription to Advanced Health Shareholders recorded in the register at the close of trade on Friday,
      26 March 2021, who would receive Rights to subscribe for Rights Offer Shares on the basis of 97.02357
      Rights Offer shares for every 100 Advanced Health Shares held, for subscription at 24 cents per Rights
      Offer Share.

      Shareholders are advised that Advanced Health raised a total amount of R50 591 075.

 2.   RESULTS THE RIGHTS OFFER

       The Rights Offer closed at 12:00 on Thursday, 1 April 2021. The results are set out below:
                                            Number of Rights Offer             Shares % of Rights Offer

        Rights Offer Shares available for           279 416 667                            100%
        subscription

        Subscriptions for Rights Offer               193 283 082                          69.17%
        Shares

        Excess applications for Rights                1 525 373                           0.55%
        Offer Shares

        Excess Rights Offer Shares                   86 133 585                           30.83%
        available to be allocated

        Shares allocated to the                      15 987 691                           5.72%
        Underwriter


3.    ISSUE OF RIGHTS OFFER SHARES
      Share certificates will be posted to holders of certificated shares who have followed their rights on or
      about Tuesday, 6 April 2021

      The CSDP or broker accounts of holders of dematerialised shares, who have followed their rights, will be
      credited with the Rights Offer Shares and debited with any payments due on Tuesday, 6 April 2021.

4.    EXCESS APPLICATIONS
      The excess Rights Offer Shares applied for will be allocated in a manner viewed as equitable in terms of
      the JSE Listings Requirements, taking cognizance of the number of shares held by the shareholder,
      including those taken up as a result of the Rights Offer, and the number of excess Rights Offer Shares
      applied for by such shareholder.
      Share certificates will be posted to holders of certificated shares, who have been allocated excess Rights
      Offer Shares on or about Thursday, 8 April 2021.

      The CSDP or broker account of holders of dematerialised shares who have been allocated excess Rights
      Offer Shares, will be credited with the excess Rights Offer Shares on or about Thursday, 8 April 2021.

      Refund payments in respect of unsuccessful applications will be made to the relevant applicants on or
      about Thursday, 8 April 2021. No interest will be paid on monies received in respect of unsuccessful
      applications.

Johannesburg
6 April 2021

Designated Advisor
Grindrod Bank Limited

Date: 06-04-2021 04:00:00
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