TRADEHOLD LIMITED - Increase of authorised and issued share capital, conversion to no par value shares and completion of transaction

Increase of authorised and issued share capital, conversion to no par value shares and completion of transaction

Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“Tradehold” or the “Company”)


INCREASE OF AUTHORISED AND ISSUED SHARE CAPITAL, CONVERSION TO NO PAR VALUE
SHARES AND COMPLETION OF TRANSACTION


1    INTRODUCTION
Shareholders    are    referred    to   the   announcements   released   on   the   Securities
Exchange News Service of JSE Limited on 23 November 2016 and the Circular posted
to shareholders on the same day together with the further announcements released
on 22 December 2016 and 29 December 2016 respectively. Defined terms used but
not defined in this announcement have the meaning set out in the Circular.


Following the fulfilment of all of the conditions precedent Tradehold has
completed the:
*     the Specific Issue of 7 414 761 Tradehold ordinary shares to the Imbali 21
     Subscribers;
*    the acquisition of the Portfolio;
*    the conversion of all N Preference Shares with a par value of 1 cent each
     into N Preference Shares of no par value;
*    an increase in the authorised N Preference Share capital of Tradehold to
     131 750 000 N Preference Shares;
*    the conversion of all Tradehold Ordinary Shares with a par value of 1 cent
     each into Tradehold Ordinary Shares of no par value;
*    an     increase    in   the   authorised    Tradehold    Ordinary   Share      capital   to
     310 000     000 Tradehold Ordinary Shares; and
*    the amendment of Tradehold’s Memorandum of Incorporation.


Consequently, following the Specific Issue and the issue of Tradehold Ordinary
Shares in part payment of the Purchase Consideration, the Company’s issued share
capital has increased to 247 092 926.


Cape Town
20 February 2017


Corporate Advisor
Mettle Corporate Finance Proprietary Limited

Legal adviser
Cliffe Dekker Hofmeyr Inc.

JSE sponsor
Bravura Capital Proprietary Limited

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