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TDH - Tradehold Limited - Results of the rights offer

Release Date: 09/05/2011 11:33
Code(s): TDH TDHN
Wrap Text

TDH - Tradehold Limited - Results of the rights offer Tradehold Limited (Incorporated in the Republic of South Africa) (Registration number 1970/009054/06) ("Tradehold" or "the Company") Share code: TDH ISIN code: ZAE000152658 JSE code for letters of allocation: TDHN ISIN for letters of allocation: ZAE000154951 RESULTS OF THE RIGHTS OFFER Tradehold shareholders are referred to the announcement released on the Securities Exchange News Service of the JSE Limited on Friday, 1 April 2011 and published in the press on Monday, 4 April 2011 and the circular posted on Monday, 18 April 2011 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 ("Shareholders"). Tradehold shareholders are advised that the rights offer closed on Friday, 6 May 2011 and the results are as follows: Number of rights Percentage of offer shares rights offer shares
Rights offer shares 103 833 866 100.0% available for subscription Rights offer shares 81 261 283 78.3% subscribed for by Shareholders Rights offer shares to be 22 572 583 21.7% issued to Granadino Investments (Proprietary) Limited ("the Underwriter") The Underwriter will settle the issue price of the rights offer shares to be issued to it pursuant to its underwriting obligation, in cash. Shareholders who have subscribed for the rights offer shares: share certificates will be posted to the holders of certificated Tradehold shares on or about Monday, 9 May 2011; and the Central Securities Depository Participant (CSDP) or broker accounts of holders of dematerialised Tradehold shares will be credited with the rights offer shares and debited with any payments due on Monday, 9 May 2011. Cape Town 9 May 2011 Corporate advisor to Transaction and lead sponsor to Tradehold Tradehold Deloitte & Touche Sponsor Services Bravura Equity Services (Proprietary) Limited logo (Proprietary) Limited logo Legal advisor to Tradehold Financial advisor and sole financier to the Werksmans Incorporated logo Underwriter and Investment bank to Tradehold The Hongkong and Shanghai Banking Corporation Limited (Incorporated in Hong Kong) -
Johannesburg Branch (HSBC) logo Company sponsor to Tradehold Independent reporting accountants to Tradehold Barnard Jacobs Mellet PricewaterhouseCoopers Inc. logo Corporate Finance (Proprietary) Limited Date: 09/05/2011 11:33:01 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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