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Finalisation announcement in respect of the rights offer
Ububele Holdings Limited
Incorporated in the Republic of South Africa
(Registration number: 1998/011074/06)
Share code: UBU
ISIN Code: ZAE000140182
(“Ububele” or “the Company”)
FINALISATION ANNOUNCEMENT IN RESPECT OF THE RIGHTS OFFER
Shareholders are referred to the declaration announcement
published by the Company on SENS on 6 March 2014 (“the Declaration
Announcement”) advising shareholders that Ububele intends to raise
up to R17 601 033 from its shareholders by way of an underwritten
renounceable rights offer of 53 336 464 new Ububele ordinary
shares to qualifying Ububele shareholders, at a subscription price
of 33 cents per rights offer share, in the ratio of 29.89413
rights offer shares for every 100 Ububele ordinary shares held
(“the Rights Offer”).
Shareholders are advised that the Company has now received formal
approval of the Rights Offer from the Issuer Regulation Division
of the JSE Limited and accordingly, the Rights Offer can now be
implemented in accordance with the salient dates and times as set
out in the Declaration Announcement.
Shareholders are further advised that a circular containing full
details of the terms of the Rights Offer, incorporating a form of
instruction in respect of the letter of allocation will be
distributed on Tuesday, 1 April 2014 to all certificated
shareholders recorded in the Ububele share register as such on the
record date, being Friday, 4 April 2014 (“the Record Date”).
In respect of dematerialised shareholders, a circular will be
distributed on Monday, 7 April 2014, to such dematerialised
shareholders recorded in the register on the Record Date.
26 March 2014
Designated Adviser
PSG Capital
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