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TDH - Tradehold Limited - Rights Offer Finalisation Announcement

Release Date: 01/04/2011 10:37
Code(s): TDH
Wrap Text

TDH - Tradehold Limited - Rights Offer Finalisation Announcement Tradehold Limited (Incorporated in the Republic of South Africa) (Registration number 1970/009054/06) ("Tradehold" or "the Company") Share code: TDH ISIN code: ZAE000152658 RIGHTS OFFER FINALISATION ANNOUNCEMENT 1. Introduction Tradehold shareholders ("Shareholders") are referred to the announcement released on the Securities Exchange News Service of the JSE Limited ("JSE") on Wednesday, 9 March 2011 and published in the press on Thursday, 10 March 2011 ("declaration announcement") relating to the terms of the fully underwritten renounceable rights offer ("rights offer") of 103 833 866 new ordinary shares with a par value of 1 cent each in the authorised and issued ordinary share capital of the Company ("rights offer shares") to Shareholders recorded on the shareholder register on the record date of the rights offer, Friday, 15 April 2011 ("Qualifying Shareholders"). Qualifying Shareholders will be entitled to subscribe for 298.94835 rights offer shares for every 100 Tradehold ordinary shares held on the record date of the rights offer, at a subscription price of 626 cents per rights offer share. The last day to trade in Tradehold ordinary shares in order to be eligible for the rights offer will be Friday, 8 April 2011. The board of directors of Tradehold is pleased to advise Shareholders that the rights offer documentation has been registered on 1 April 2011 by the Companies and Intellectual Property Registration Office in terms of section 146A of the Companies Act, 1973 (Act 61 of 1973), as amended, and accordingly all of the conditions precedent pertaining to the rights offer have now been fulfilled. The rights offer will therefore be implemented in accordance with the salient dates and times as published in the declaration announcement. 2. Letters of allocation The rights to subscribe for rights offer shares, that are represented by the letters of allocation, are valuable and may be traded on the exchange operated by the JSE. Letters of allocation can, however, only be traded in dematerialised form and accordingly, all letters of allocation have been issued in dematerialised form. The Issuer Services Division of the JSE has approved the listing of the letters of allocation in respect of all of the 103 833 866 rights offer shares, under the JSE share code: TDHN and ISIN: ZAE000154951, from commencement of trade at 09:00 on Monday, 11 April 2011 to the close of trade on Thursday, 28 April 2011, both days inclusive. 3. Circular The circular, together with the form of instruction in respect of the letter of allocation, where applicable, setting out the detailed terms of the rights offer will be posted to Qualifying Shareholders on or about Monday, 18 April 2011. Cape Town 1 April 2011 Corporate advisor Transaction and lead sponsor Bravura Equity Services (Proprietary) Deloitte & Touche Sponsor Services Limited logo (Proprietary) Limited logo Attorneys Financial advisor and sole financier Werksmans Incorporated logo to the underwriter of the rights offer and Investment bank to Tradehold The Hongkong and Shanghai Banking Corporation Limited (Incorporated in
Hong Kong) - Johannesburg Branch (HSBC) logo Company sponsor Independent reporting accountants to Barnard Jacobs Mellet Corporate Tradehold Finance (Proprietary) Limited PricewaterhouseCoopers Inc. logo Date: 01/04/2011 10:37:01 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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