TASTE HOLDINGS LIMITED - Taste Rights Offer Results

Taste Rights Offer Results

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste” or “the Company”)


TASTE RIGHTS OFFER RESULTS



Shareholders are referred to the announcement released on SENS on 28 August 2014
(“Declaration Announcement”) and 2 September 2014 (“Finalisation Announcement”) wherein
shareholders were advised that Taste intended to raise R180 157 542 from its Shareholders by
way of a renounceable rights offer (“Rights Offer”), in terms of which Taste will offer a total of
60 052 514 new Taste ordinary shares (“Rights Offer Shares”) at a subscription price of
300 cents per Rights Offer Share in the ratio of 29.20 Rights Offer Shares for every 100 shares
held in Taste at the close of business on the record date for the Rights Offer, being Friday,
12 September 2014.

Shareholders are advised that, 71 826 118 Rights Offer Shares were subscribed for, equivalent
to 120% of the total Rights Offer Shares. As a result thereof, excess applications of 20 377 420
Rights Offer Shares have been received, which will be allocated in an equitable manner as set
out in the circular distributed to Taste Shareholders on 9 September 2014 up to the number of
Rights Offer Shares available.

The results of the Rights Offer, which closed on Friday, 26 September 2014, are as follows:

                                               Number of Rights Offer        % of Rights Offer
                                                               Shares                   Shares
 Rights Offer Shares available for
 subscription                                              60 052 514                    100%
 Rights Offer Shares subscribed for by
 Taste Shareholders                                        51 448 698                     86%
 Excess Rights Offer Shares to be
 allotted                                                   8 603 816                     14%

Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of
Certificated Taste Shares on or about Monday, 29 September 2014.

The CSDP or broker accounts of holders of Dematerialised Taste Shares will be credited with
Rights Offer Shares and debited with payments due on Monday, 29 September 2014.


Johannesburg
29 September 2014


Sponsor, Corporate Advisor and Book Runner
Merchantec Capital

Date: 29/09/2014 03:46:00 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.