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SOUTHERN VIEW FINANCE LTD - Results of the private placement of common Class B shares having a par value of USF 0.0001 per share

Release Date: 22/11/2013 17:48
Code(s): SVF     PDF:  
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Results of the private placement of common Class B shares having a par value of USF 0.0001 per share

   SOUTHERN VIEW FINANCE LTD

   (Incorporated in Bermuda)

   (Registration number 47305)

   Class A Share Codes: BSX: SVF.BH                 JSE: SVF     ISIN: BMG829251013

   Class B Share Codes:        JSE: SVFB            ISIN: BMG829251195

   (“SVF” or “the Company”)





   RESULTS OF THE PRIVATE PLACEMENT OF COMMON CLASS B SHARES HAVING A PAR



   VALUE OF USD 0.0001 PER SHARE (“THE CLASS B SHARES”)



   Reference is made to the pre-listing statement dated 19 November 2013, and the abridged pre-listing



   statement (“Pre-Listing Statement”) released on SENS on 19 November 2013, relating to the private



   placement by SVF to invited investors ("Private Placement"), of up to a maximum of 140,312 Class B



   Shares at a subscription price of ZAR 879.55 per share, being the ZAR equivalent of USD 88.1513



   per Class B Share determined at an exchange rate of USD 1.00 : R 9.9777.







   Shareholders are advised that the Private Placement of Class B Shares closed at 17h00 on



   Wednesday, 20 November 2013 and the directors of SVF are pleased to announce that applications



   to subscribe for 140 000 Class B Shares (“Listing Shares”) for an aggregate subscription price of



   ZAR 123,137,000 were received and, subject to the consent of the Bermuda Stock Exchange (“BSX”),



   the Company will place the Listing Shares for the aggregate subscription price of ZAR 123, 137, 000.







   The allocated Class B Shares will be transferred to successful applicants on a `delivery-versus-



   payment` basis on the date of listing. In the Pre-Listing Statement, SVF advised that the issue and



   listing of the Class B Shares was subject to the consent of the BSX and that the anticipated date of



   listing on the BSX was 25 November 2013 and on the JSE Limited’s Alternative Exchange (“AltX”)



   was 26 November 2013. SVF advises that the outcome of the application to the BSX for the consent



   to issue and list the Class B Shares is pending and that the listing of the Class B Shares will,



   accordingly, not occur on 25 November 2013 on the BSX and 26 November 2013 on AltX. The



   anticipated listing date on the BSX is 29 November 2013 and on AltX is 2 December 2013.





   Revised salient dates and times

                                                                              1



   The table below sets out the anticipated revised salient dates and times in respect of the Private



   Placement and the listing on the BSX and JSE.



   Listing of Listing Shares on BSX from 09h00 (Bermuda time) on:                         29 November



   Accounts at CSDP or broker updated and debited in respect of                            2 December



   Dematerialised Shareholders that subscribed for Private Placement Shares in



   terms of the Private Placement on:





   Listing of Listing Shares on AltX from 09h00 (South African time) on:                   2 December



   Notes:



1. These dates and times are subject to amendment. Any such amendment will be notified and released



   on SENS.



2. Successful Invited Investors will receive their SA Private Placement shares in dematerialised form



   and must advise their CSDP or broker of their acceptance of the Private Placement in the manner and



   by the cut-off time stipulated by their CSDP or broker in terms of their agreement with their CSDP or



   broker.





   Assuming the consent of the BSX is obtained, the number of Class B Shares in issue prior to and



   subsequent to, respectively, the Private Placement and listing on the BSX and AltX will be as follows:



  Class B Shares in issue prior to the Private Placement                             0



  Class B Shares allocated in terms of the Private Placement                    140,000



  Total Class B Shares in issue subsequent to the Private Placement and to be   140,000



  listed on the BSX and AltX





22 November 2013



Johannesburg / Hamilton





SA Corporate Advisor: Bravura Equity Services (Proprietary) Limited



JSE Sponsor: Bravura Equity Services (Proprietary) Limited



BSX Sponsor: Global Custody and Clearing Limited



SA Legal Advisor: Edward Nathan Sonnenbergs Incorporated




Date: 22/11/2013 05:48:00 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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