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BEG - Beige Holdings Limited - Rights offer finalisation announcement

Release Date: 04/04/2011 16:32
Code(s): BEG
Wrap Text

BEG - Beige Holdings Limited - Rights offer finalisation announcement Beige Holdings Limited (Incorporated in the Republic of South Africa) (Registration No: 1997/006871/06) Share code: BEG ISIN code: ZAE000034161 ("Beige" or "the company") RIGHTS OFFER FINALISATION ANNOUNCEMENT 1. Introduction Shareholders are referred to the announcements dated 9 November 2010 and 1 April 2011 detailing the announcement by Beige of its intention to raise R25 million by way of a partially underwritten renounceable rights offer of 25 000 000 preference shares with a par value of R0.01 at an issue price of R1.00 per preference share in the ratio of 1.53203 new preference shares for every 100 Beige ordinary shares held at the close of business on Friday, 15 April 2011. 2. Conditions Precedent The board of directors of Beige is pleased to confirm that all conditions precedent relating to the rights offer have been fulfilled, that the rights offer was duly registered by the Registrar of Companies on 1 April 2011 and that the rights offer will be implemented in accordance with the timetable set out in paragraph 3 below. 3. Salient Dates The salient dates and times of the rights offer are as follows: 2011
Last day to trade (LDT) in ordinary shares for the Friday, 8 April rights offer in order to settle by the record date and to qualify to participate in the rights offer (cum rights) on Ordinary shares commence trading ex-rights on the Monday, 11 April JSE at 09:00 on
Listing of and trading in the letters of allocation Monday, 11 April commences at 09:00 on Record date for purposes of determining the Friday, 15 April shareholders entitled to participate in the rights offer at the close of business on Rights offer opens at 09:00 on Monday, 18 April Holders of dematerialised shares will have their Monday, 18 April accounts at their CSDP or broker automatically credited with their letters of allocation on Holders of certificated shares will have their Monday, 18 April letters of allocation credited to an electronic register at the transfer secretaries on Circular and form of instruction posted to Monday, 18 April applicable shareholders on
Last day to trade (LDT) in letters of allocation in Friday, 6 May order to settle by record date and participate in the rights offer at the close of business on
Listing of and trade in the preference shares Monday, 9 May commences on the JSE at 09:00 on Rights offer closes at 12:00 and payment to be made Friday, 13 May and form of instruction lodged by holders of certificated shares by that time on (see note 2) Record date for letters of allocation on Friday, 13 May Results of rights offer announced on SENS on Monday, 16 May Preference share certificates in terms of the rights Monday, 16 May offer posted to holders of certificated shares on or about Refund cheques, if applicable, posted to holders of Thursday, 19 May certificated shares in respect of unsuccessful excess applications on or about CSDP/Broker accounts credited with preference shares Thursday, 19 May and debited with any payments due in respect of holders of dematerialised shares on 4. Circular A circular setting out the detailed terms of the rights offer and enclosing, where applicable, a form of instruction, will be posted to shareholders on Monday, 18 April 2011. Johannesburg 4 April 2011 Designated Advisor Arcay Moela Sponsors (Proprietary) Limited Date: 04/04/2011 16:32:03 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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