BASIL READ HOLDINGS LIMITED - Results of the Rights Offer

Results of the Rights Offer

BASIL READ HOLDINGS LIMITED

Incorporated in the Republic of South Africa

(Registration number 1984/007758/06)

(Basil Read or the Company)

ISIN: ZAE000029781

Share code: BSR

RESULTS OF THE RIGHTS OFFER

1. INTRODUCTION

    Shareholders of Basil Read (“Shareholders”) are referred to the announcement released
    on the Stock Exchange News Service of the JSE Limited (“JSE”) on Wednesday, 31
    January 2018 relating to the partially underwritten renounceable rights offer of
    approximately 1 363 636 364 new Basil Read ordinary shares of no par value (“Rights
    Offer Shares”) in the authorised but unissued stated capital of the Company, offered for
    subscription to Shareholders recorded in the register at the close of trade on Friday, 9
    February 2018, who would receive rights to subscribe for Rights Offer Shares on the basis
    of 1 035.45602 Rights Offer shares for every 100 Basil Read ordinary shares held, for
    subscription at R0.22 per Rights Offer Share (“Rights Offer”).

    As detailed below, the Rights Offer was successful as the full R300 million was taken up
    by way of subscriptions for Rights Offer Shares, excess applications for Rights Offer
    Shares and the Rights Offer Shares that had been underwritten (“Underwritten Rights
    Offer Shares”).

2. RESULTS OF THE RIGHTS OFFER

    The Rights Offer closed at 12:00 on Friday, 23 February 2017. The results are set out
    below:

                                  Number of Rights Offer Percentage of Rights Offer
                                  Shares                  Shares
     Rights      Offer    Shares            1 363 636 364                   100.00
     available for subscription
     (including the 86 792 Rights
     Offer Shares attached to
     Basil    Read’s     treasury
     shares)

     Subscriptions for Rights                 944 480 730                    69.26
     Offer Shares

     Excess Rights Offer Shares                53 032 685                     3.89
     applied for and allocated

     Underwritten Rights Offer                366 122 949                    26.85
     Shares allocated (out of a
     possible        405 009 113
     Underwritten Rights Offer
     Shares)

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, 27 February 2018. The Central Securities Depository
   Participants (“CSDP”) or broker accounts of holders of dematerialised shares or their
   renouncees, who have followed their rights, will be credited with the Rights Offer Shares
   and debited with any payments due on Tuesday, 27 February 2018.

4. EXCESS APPLICATIONS

   There were sufficient Rights Offer Shares available to satisfy all excess applications. The
   excess Rights Offer Shares applied were allocated in an equitable manner.

   Share certificates will be posted to holders of certificated shares, who have been allocated
   excess Rights Offer Shares on or about Thursday, 1 March 2018.

   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 and
   debited with any payments due on or about Thursday, 1 March 2018.

   As there were no unsuccessful excess applications, no refund payments will be made.


Johannesburg
26 February 2018


Company Secretary
A Ndoni



Corporate Advisor, Bookrunner and Transaction Sponsor
Tamela Holdings Proprietary Limited


Legal Adviser
Tugendhaft Wapnick Banchetti & Partners

Date: 26/02/2018 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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