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MEDICLINIC INTERNATIONAL LIMITED - Results of the Rights Offer

Release Date: 08/10/2012 07:30
Code(s): MDC     PDF:  
Wrap Text
Results of the Rights Offer

Mediclinic International Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1983/010725/06)
ISIN: ZAE000074142
Share Code: MDC
("Mediclinic" or "the Company" or the Group)

RESULTS OF THE RIGHTS OFFER                                                     

1.    Results of the rights offer                                                  
      Mediclinic shareholders are referred to the announcements released on SENS on 
      24 August 2012 and 31 August 2012, and the circular dated 17 September 
      relating to a fully underwritten, renounceable rights offer to raise 
      ZAR5.0 billion ("the rights offer").
 
      The rights offer consisted of an offer of 174,641,984 new Mediclinic shares at 
      an issue price of ZAR28.63 per Mediclinic share in the ratio of 26.77263 new 
      Mediclinic shares for every 100 Mediclinic shares held on the record date of the 
      rights offer, being Friday 14 September 2012 ("rights offer shares").
                                   
      The rights offer closed at 12:00 on Friday, 5 October 2012 and the results thereof
      are set out in the table below:                                                 
                                                  Number of     % of                       
                                                  shares        rights                     
                                                                offer                      
  
      Rights offer shares available for           174 641 984   100.0                     
      subscription                                                                    
      Rights offer shares subscribed for          174 166 891   99.7                        
      Excess rights offer shares applied for      97 631 830    55.9                      
      Excess rights offer shares to be allocated  475 093       0.3                      

2.    Issue of rights offer shares                                                 
      Share certificates will be posted to holders of certificated shares who have    
      followed their rights on or about Monday, 8 October 2012.                                 
     
      The Central Securities Depository Participant ("CSDP") or broker accounts of    
      holders of dematerialised shares or their renouncees, who have followed their   
      rights, will be credited with the rights offer shares and debited with any      
      payments due on or about Monday, 8 October 2012.                                           

3.    Excess applications                                                          
      The excess rights offer shares applied for will be allocated in a manner viewed as 
      equitable in terms of the JSE Listings Requirements, taking
      cognisance of the number of shares held by the shareholder, including those     
      taken up as a result of the rights offer, and the number of excess rights offer 
      shares applied for by such shareholder.  

      Share certificates will be posted to holders of certificated shares, who have been
      allocated excess rights offer shares on or about Wednesday, 10 October 2012.          

      The CSDP or broker account of holders of dematerialised shares who have been 
      allocated excess rights offer shares, will be credited with the excess rights 
      offer shares on or about Wednesday, 10 October 2012.                                           

      Refund payments in respect of unsuccessful applications will be made to the 
      relevant applicants on or about Wednesday, 10 October 2012. No interest will be 
      paid on monies received in respect of unsuccessful applications.  
 
4.    Underwriting                                                                 
      The rights offer was fully underwritten by Remgro Limited, through its 
      wholly-owned subsidiary, Industrial Partnership Investments Proprietary Limited 
      ("the underwriter").
                                                         
      No rights offer shares were available to be allocated to the underwriter.

Stellenbosch                                                                    
8 October 2012                                                          

Joint financial adviser and sponsor to Mediclinic
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Joint financial adviser to Mediclinic
Greenhill & Co. International LLP
Legal adviser to Mediclinic
Cliffe Dekker Hofmeyr Inc.
Independent reporting accountants and auditors to Mediclinic
PricewaterhouseCoopers Inc.
Communication adviser to Mediclinic
CapitalVoice Proprietary Limited
Independent sponsor to Mediclinic
Deloitte & Touche Sponsor Services Proprietary Limited

Date: 08/10/2012 07:30:00 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.

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