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JDH - John Daniel Holdings Limited - Revised salient dates in terms of a
renounceable rights offer to JDH shareholders
JOHN DANIEL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: JDH - ISIN: ZAE000136677
("the Company" or "JDH" or "the Group")
REVISED SALIENT DATES IN TERMS OF A RENOUNCEABLE RIGHTS OFFER TO JDH
SHAREHOLDERS
Shareholders are referred to the previous declaration announcement made on
SENS on 26 August 2011 and are advised that due to regulatory approval
delays, the terms and revised dates of the Rights Offer have been detailed
below.
TERMS OF THE RIGHTS OFFER
The Company hereby offers for subscription, by way of a renounceable rights
offer to shareholders and/or their renouncees, a total of 214 285 714
ordinary shares with a par value of R0.01 at an issue price of 7 cents per
ordinary share in the ratio of 135.92293 new ordinary shares for every 100
JDH ordinary shares held at the close of business on Friday, 16 September
2011. These terms vary slightly from the terms included in the announcement
dated 10 June 2011.
Shareholders recorded in the register on the record date will be entitled to
participate in the rights offer, but the rights offer does not constitute an
offer in any area of jurisdiction in which it is illegal to make such an
offer and in such circumstances, this circular and accompanying letter of
allocation are distributed for information purposes only.
All transactions arising in terms of this circular and the letter of
allocation will be governed by and be subject to the laws of the RSA.
The rights offer contained in this offering circular does not constitute an
offer in the District of Colombia, the United States, the Dominion of Canada,
the Commonwealth of Australia, Japan or in any other jurisdiction in which,
or to any person to whom, it would not be lawful to make such an offer.
Non-qualifying shareholders should consult their professional advisers to
determine whether any governmental or other consents are required or other
formalities need to be observed to allow them to take up the rights offer, or
trade their entitlement.
Shareholders holding JDH shares on behalf of persons who are non-qualifying
shareholders are responsible for ensuring that taking up the rights offer, or
trading in their entitlements under that offer, do not breach regulations in
the relevant overseas jurisdictions. Excess applications will be allowed.
Subject to receiving formal approval from the JSE, the dates in respect of
the rights offer are accordingly as follows:
Last day to trade in Shares in order to Friday, 16 September 2011
participate in the Rights Offer (cum
entitlement)
Shares commence trading ex-entitlement at 09:00 Monday, 19 September 2011
on
Listing of and trading in the Letters of Monday, 19 September 2011
Allocation on the JSE commences at 09:00 on
Record Date for the Rights Offer Friday, 23 September 2011
Circular and Form of Instruction, where Monday, 26 September 2011
applicable, posted to Shareholders
Rights Offer opens at 09:00 on Monday, 26 September
Letters of Allocation credited to an electronic Monday, 26 September 2011
account held at the Transfer Secretaries in
respect of holders of Certificated Shares
CSDP or Broker accounts credited with Monday, 26 September 2011
entitlements in respect of holders of
Dematerialised Shares
Last day for trading Letters of Allocation on 7 October 2011
the JSE Friday,
Listing of Rights Offer Shares and trading Monday, 10 October 2011
therein on the JSE commences at 09:00 on
Rights Offer closes 12:00 on (See notes 3 and Friday, 14 October 2011
4)
Payment to be made and Form of Instruction to Friday, 14 October 2011
be lodged with the Transfer Secretaries by
holders of Certificated Shares by 12:00
Record date for the Letters of Allocation Friday, 14 October 2011
Rights Offer Shares issued Monday, 17 October 2011
CSDP or Broker accounts in respect of holders Monday,17 October 2011
of Dematerialised Shares debited with money and
updated with Rights Offer Shares and share
certificates posted to Certificated
Shareholders by registered post on or about
Results of the Rights Offer announced on SENS Monday, 17 October 2011
Monday,
Results of the Rights Offer published in the Tuesday, 18 October 2011
press
CSDP or Broker accounts in respect of holders Wednesday, 19 October 2011
of Dematerialised Shares debited and updated
with Excess Share Allocations, if any, and
share certificates or refund cheques, if
applicable, posted to Certificated Shareholders
by registered post on or about
GENERAL MEETING TIMETABLE
Last day to trade in order to be eligible to Friday, 30 September 2011
vote
Record date in order to be eligible to vote 7 October 2011
Friday,
Last day for receipt of proxy forms by 10h00 on Thursday, 13 October 2011
General meeting to be held at 10h00 on Monday, 17 October 2011
Results of general meeting to be published on Monday, 17 October 2011
SENS by Monday
Notes:
1. Share certificates in respect of Shares may not be dematerialised or
rematerialised between Monday, 19 September 2011 and Friday, 23
September 2011, both days inclusive.
2. A CSDP will effect payment on a delivery versus payment method in
respect of Qualifying Shareholders holding Dematerialised Shares.
3. If you are a Qualifying Shareholder holding Dematerialised Shares you
are required to notify your duly appointed CSDP or Broker of your
instructions in respect of the Rights Offer in the manner and time
stipulated in the custody agreement governing the relationship between
yourself and your CSDP or Broker.
4. Unless otherwise indicated, all dates and times are South African dates
and times.
Johannesburg
02 September 2011
Sponsor
Arcay Moela Sponsor (Proprietary) Limited
Date: 02/09/2011 12:18:02 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department.
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