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ILV - Illovo - Results Of The Rights Offer

Release Date: 14/09/2009 10:21
Code(s): ILV
Wrap Text

ILV - Illovo - Results Of The Rights Offer Illovo Sugar Limited (Incorporated in the Republic of South Africa) Registration number 1906/000622/06 Share Code: ILV ISIN: ZAE000083846 ("Illovo") RESULTS OF THE RIGHTS OFFER Shareholders are referred to the announcements released on the Securities Exchange News Service of the JSE Limited on 6 August 2009 and 24 August 2009, relating to the renounceable rights offer of 108 342 362 Illovo shares ("the Rights Offer Shares") to Illovo shareholders or their renouncees at a subscription price of 2 769 cents per Rights Offer Share on the basis of 30.83459 Rights Offer Shares for every 100 Illovo shares held at the close of trade on the record date of the rights offer ("the Rights Offer"). The Rights Offer closed on Friday, 11 September 2009 and the results thereof are set out in the table below. Number of % of Rights shares Offer Shares Rights Offer Shares available for subscription 108 342 362 100.0% Rights Offer Shares subscribed for 107 666 561 99.4% No excess applications were allowed. The Rights Offer was underwritten by ABF Overseas Limited ("the Underwriter"). The 675 801 Rights Offer Shares not taken up by Illovo shareholders, comprising 0.6% of the Rights Offer Shares, will be allocated to the Underwriter. Share certificates will be posted to holders of certificated shares today, being Monday, 14 September 2009. The safe custody accounts of holders of dematerialised shares or their renouncees, who have followed their rights, will be updated and accounts credited by their Central Securities Depository Participant or broker today. Mount Edgecombe 14 September 2009 Investment Bank and transaction sponsor Standard Bank Legal adviser Garlicke & Bousfield Inc. Independent reporting accountants Deloitte & Touche Sponsor J.P. Morgan Equities Limited Underwriter ABF Overseas Limited Corporate adviser to the Underwriter N M Rothschild & Sons (South Africa) (Proprietary) Limited Legal adviser to the Underwriter Bowman Gilfillan Inc. Date: 14/09/2009 10:21:01 Supplied by www.sharenet.co.za 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.

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