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DGC - Digicore Holdings Limited - Digicore rights offer results DIGICORE HOLDINGS LIMITED Incorporated in the Republic of South Africa (Registration number: 1998/012601/06) Share Code: DGC ISIN Number: ZAE000016945 ("DigiCore" or "the company") DIGICORE RIGHTS OFFER RESULTS Shareholders are referred to the announcements of the DigiCore rights offer published on SENS on 16 November 2010, 9 December 2010 and 14 January 2011 and the circular dated 31 January 2011 detailing the terms of the said offer. In terms hereof DigiCore announced the raising of R90 million by way of a fully underwritten renounceable rights offer of 30 000 000 new DigiCore ordinary shares of R0.001 each ("rights offer shares") to qualifying DigiCore ordinary shareholders ("rights offer"). The rights offer shares were issued in the ratio of 13.78237 rights offer shares for every 100 DigiCore ordinary shares held on the record date, being Friday, 28 January 2011 ("record date") at a subscription price of 300 cents per rights offer share. The results of the rights offer, which closed on Friday, 18 February 2011, are as follows: Number of rights % of rights offer offer shares shares Rights offer shares available for 30 000 000 100% subscription Rights offer shares subscribed for 18 860 940 62.87% by DigiCore shareholders Rights offer shares to be issued to 11 139 060 37.13% Coronation The rights offer was fully underwritten by Coronation Asset Management (Pty) Limited ("Coronation"). Coronation will settle the issue price of the rights offer shares to be issued to them, which they subscribed for pursuant to their underwriting obligations, in cash. For DigiCore shareholders who have subscribed for the rights offer: share certificates will be posted to the holders of certificated DigiCore shares on or about Monday, 21 February 2011; and the Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised DigiCore shares will be credited with the rights offer shares and debited with any payments due on Monday, 21 February 2011. 21 February 2011 Corporate adviser and sponsor PSG Capital (Pty) Limited Independent reporting accountants PKF (Pta) Inc Underwriter Coronation Asset Management (Pty) Limited Legal adviser Edelstein-Bosman Inc Date: 21/02/2011 14:02:02 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.
