Sharenet Sites 
Sharenet Sites
KLERKSDORP DISPOSAL UNCONDITIONAL AND FURTHER RIGHTS OFFER RESULTS ANNOUNCEMENT
ALERT STEEL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/005144/06)
JSE code: AET
ISIN: ZAE000092847
(Alert Steel)
KLERKSDORP DISPOSAL UNCONDITIONAL AND FURTHER RIGHTS OFFER RESULTS ANNOUNCEMENT
1. KLERKSDORP DISPOSAL UNCONDITIONAL
Shareholders of Alert Steel (Shareholders) are referred to the announcement dated 11 July 2012 and are herewith informed that all the suspensive conditions have been fulfilled pertaining to the disposal of the steel retailing business owned and operated by Alert Steel at its Klerksdorp branch.
2. FURTHER ANNOUNCEMENT PERTAINING TO RIGHTS OFFER
Shareholders are referred to the SENS announcement dated 5 July 2012, relating to a rights offer by Alert Steel to its shareholders (the Rights Offer), in which shareholders were advised that Nedbank Limited (Nedbank) had sub-underwritten a portion of any failure by Omphile Investments (Pty) Ltd (Omphile) to effect payment of the amounts underwritten by Omphile in relation to the Rights Offer, provided that the shares to be allotted and issued to Nedbank in terms of such sub-underwriting agreement could not exceed 19,9% of the issued ordinary shares in Alert Steel subsequent to the allotment and issue of such shares.
Shareholders are hereby advised that Omphile has to date failed to effect payment of any amount in respect of its underwritten amount pertaining to the Rights Offer. As a result, in accordance with the terms of the sub-underwriting agreement referred to above, 814 417 563 ordinary shares in the share capital of Alert Steel have been issued to Nedbank at the rights offer price of 2,8 cents per share comprising an aggregate subscription amount of R22.8 million, amounting to 19.9% of the issued share capital of Alert Steel.
Alert Steels share capital subsequent to the rights offer is set out in the table below.
Authorised
10 000 000 000 ordinary shares of no par value
Issued
4 092 550 566 ordinary shares of no par value
Stated capital - R 241 152 624
Treasury Shares: 7 600 000 - R7 600 000
Stated capital less treasury shares - R233 552 624
Pretoria
7 August 2012
Designated advisor
QuestCo (Pty) Limited
Legal advisor
Prinsloo, Tindle & Andropoulos Inc.
Date: 07/08/2012 04:45:00 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.
