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TDH - Tradehold Limited - Closed Period Announcement and Renewal of Cautionary

Release Date: 25/02/2011 10:27
Code(s): TDH
Wrap Text

TDH - Tradehold Limited - Closed Period Announcement and Renewal of Cautionary Tradehold Limited (Incorporated in the Republic of South Africa) (Registration number 1970/009054/06) ("Tradehold" or "the Company") Share code: TDH ISIN code: ZAE000152658 CLOSED PERIOD ANNOUNCEMENT AND RENEWAL OF CAUTIONARY 1 Introduction Tradehold shareholders ("Shareholders") are referred to the cautionary announcements released on the Securities Exchange News Service ("SENS") on Tuesday, 16 November 2010, renewed on Friday, 17 December 2010 and Friday, 21 January 2011, wherein Shareholders were advised that Tradehold intends raising equity capital in the amount of up to R650 million by way of a rights offer ("rights offer"). 2 Closed Period The rights offer will take place in a closed period, being the period from 28 February 2011 until the date of the earliest publication of the results for the year ended 28 February 2011 ("closed period"). Shareholders are accordingly advised that the following directors of the Company, Dr CH Wiese, Mr C Stassen and Mr JD Wiese intend to follow their rights with respect to 21 579 902 ordinary shares they collectively hold as direct or indirect beneficiaries in the capital of the Company. In addition, it should be noted that the Company has entered into an underwriting agreement with Granadino Investments (Proprietary) Limited ("Underwriter"), a private company indirectly owned by Dr CH Wiese, to underwrite the rights offer up to a maximum amount of R650 million. The subscription of the new ordinary shares in the capital of the Company, if any, by the Underwriter pursuant to the rights offer may occur during the closed period. 3 Renewal of cautionary Shareholders are advised to continue exercising caution when dealing in Tradehold`s securities until a detailed announcement containing the terms of the rights offer is published. Cape Town 25 February 2011 Company sponsor Barnard Jacobs Mellet Corporate Finance (Proprietary) Limited Date: 25/02/2011 10:27:00 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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