RH BOPHELO LIMITED - Results of private placement

Results of private placement

RH BOPHELO LIMITED
(Previously Newshelf 1388 Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2016/533398/06)
(JSE Share Code: RHB, ISIN: ZAE000244737)
(“RH Bophelo” or “the Company”)


                                 RESULTS OF PRIVATE PLACEMENT


1.   INTRODUCTION

     1.1 Shareholders are referred to RH Bophelo’s pre-listing statement dated 5 July 2017 (“PLS”), as
         well as the Company’s abridged pre-listing statement announced on SENS on the same date,
         and are advised that the Company’s private placement closed at 12:00 on Friday, 7 July 2017,
         as per the previously announced timetable. Unless the context indicates to the contrary,
         capitalised terms not defined herein shall bear the meaning ascribed thereto in the PLS.

2.   CLOSE OF THE OFFER

     2.1 RH Bophelo successfully raised R500 000 000 through the issue of 50 000 000 new shares in
         RH Bophelo to Invited Investors.
     2.2 The above placement of new shares with Invited Investors occurred at a price of R10.00 per
         share.
     2.3 Following the issue of the new shares, the Company shall have 50 000 000 shares in issue.
     2.4 RH Bophelo’s listing on the main board of the JSE will commence on Wednesday, 12 July 2017
         under the “Non-Equity Investment Instruments” section of the JSE.
     2.5 Following the proposed listing of RH Bophelo as a SPAC, RH Bophelo will seek to acquire
         Viable Assets as detailed in the PLS, which acquisition will be subject to Shareholder approval.

3.   SALIENT DATES AND TIMES RELATING TO THE LISTING AND PRIVATE PLACEMENT

     Investors are referred to the salient dates below in respect of the listing of RH Bophelo shares on
     the JSE:

                                                                                                       2017
     Results of the Private Placement released on SENS on                                  Monday, 10 July
     Results of the Private Placement published in the press on                           Tuesday, 11 July
     Listing of RH Bophelo on the JSE from commencement of trade                       Wednesday, 12 July
     Accounts at CSDP or broker updated and debited                                    Wednesday, 12 July
     1. The above dates may change, and any such change will be published on SENS and in the South African
     press.
     2. CSDPs effect payment in respect of dematerialised shareholders on a delivery versus payment basis.


     Melrose Arch
     10 July 2017
Joint Transaction Advisors:    Sponsor, Auditors and                          Legal Advisor: ENS Africa
Third Way Investment Partners
BSM Corporate Finance           Independent Reporting
                                Accountants: Deloitte & Touche




                                                                              Founding partner: RH Managers
                                 Escrow Agent:RMB

Date: 10/07/2017 10:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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