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FGL - Finbond Group Limited - Results of the rights offer
Finbond Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FGL
ISIN: ZAE000138095
("Finbond" or "the Company")
RESULTS OF THE RIGHTS OFFER
Shareholders are referred to the announcements released on the Securities
Exchange News Service ("SENS") of the JSE Limited ("JSE") on 9 December 2011 and
3 February 2012 and the circular to Finbond ordinary shareholders dated 20
February 2012 relating to the Finbond rights offer, in terms of which a total of
200,000,000 Finbond ordinary shares of 0.0001 cents in the authorised but
unissued share capital of Finbond were offered for subscription to qualifying
Finbond shareholders, by way of renounceable rights, at a subscription price of
10 cents per Finbond ordinary share, on the basis of 52 rights offer shares for
every 100 existing Finbond ordinary shares held at the close of trade on the
record date of the rights offer.
The rights offer closed on Friday, 9 March 2012 and the results thereof are set
out in the table below.
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Number of % of Value of shares
shares rights @ 10 cents per
offer rights offer
shares share
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Rights offer shares
available for subscription 200,000,000 100 R20,000,000
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Number of rights
offer shares taken up 127,064,461 63.53 R12,706,446.10
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Total of rights offer shares
exercised 127,064,461 63.53 R12,706,446.10
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Excess rights offer shares
applied for 2,567,354 1.29 R256,735.40
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Excess rights offer shares
allocated 2,567,354 1.29 R256,735.40
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Rights offer shares taken
up by the underwriters 70,368,185 35.18 R7,036,818.50
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Total rights offer shares
allocated 200,000,000 100 R20,000,000
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Rights offer shares will be issued and posted to certificated shareholders in
certificated form on or about Monday, 12 March 2012.
The CSDP or broker accounts in respect of dematerialised shareholders will be
updated with rights offer shares and debited with any payments due on Monday, 12
March 2012.
The CSDP or broker accounts in respect of dematerialised shareholders will be
updated with excess rights offer shares and debited with any payments due on
Wednesday, 14 March 2012.
Excess rights offer shares will be issued and posted to shareholders in
certificated form on Wednesday, 14 March 2012.
Johannesburg
12 March 2012
Corporate and Designated Adviser
Grindrod Bank Limited
Date: 12/03/2012 13:01:00 Supplied by www.sharenet.co.za
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