SEARDEL INVESTMENT CORPORATION LTD - Seardel rights offer results announcement

Seardel rights offer results announcement

SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1968/011249/06
N-Shares share code: SRN; Ordinary Shares share code: SER
ISIN: ZAE000030144; ISIN: ZAE000029815
(“Seardel” or “the Company”)


SEARDEL RIGHTS OFFER RESULTS ANNOUNCEMENT


Holders of Seardel “N” ordinary shares (“N Shares”) and Seardel ordinary shares (“Ordinary Shares”) (collectively,
the “Seardel Shareholders”) are referred to the SENS announcement and circular dated 24 February 2014 (“Rights
Offer Circular”), regarding the fully underwritten, renounceable rights offer to raise R5 billion through the issue of
3,125 billion new N Shares in the ratio of 258,93 new N Shares (“Rights Offer Shares”) for every 100 Ordinary Shares
and/or N Shares held on the rights offer record date, Friday, 4 April 2014 (“Record Date”) at an issue price of R1,60
per Rights Offer Share (the “Rights Offer”). In terms of the Rights Offer, Seardel announces that:

    -    Seardel Shareholders and their renouncees applied for 380 447 662 Rights Offer Shares (12,2% of the
         Rights Offer Shares);
    -    excess applications were received for 11 247 493 Rights Offer Shares (0,3% of the Rights Offer Shares)
         (“Excess Applications”); and
    -    2 733 304 845 Rights Offer Shares (87,5% of the Rights Offer Shares) were allotted to the underwriter, HCI
         Invest6 Holdco Proprietary Limited,

resulting in the issued share capital of the Company increasing from 645 657 477 Ordinary Shares and 561 233 077
N Shares to 645 657 477 Ordinary Shares and 3 686 233 077 N Shares.

Dematerialised Seardel Shareholders registered as such on the Record Date (or their renouncees), who validly
subscribed for Rights Offer Shares, will have their accounts at their CSDP or broker debited and updated with the
Rights Offer Shares to which they are entitled, on Tuesday, 29 April 2014.

Certificated Seardel Shareholders registered as such on the Record Date (or their renouncees), who validly
subscribed for Rights Offer Shares, will have new share certificates in respect of the Rights Offer Shares to which
they are entitled, posted to them at their own risk, on Tuesday, 29 April 2014.

The additional Rights Offer Shares that have been allotted in terms of Excess Applications will be issued against
payment, on Friday, 2 May 2014.

Cape Town

29 April 2014

Investment bank and sponsor
Investec Bank Limited

Joint corporate law advisor
Taback and Associates Proprietary Limited

Joint corporate law advisor
Edward Nathan Sonnenbergs Inc.

Reporting accountants
Grant Thornton (Jhb) Inc

Date: 29/04/2014 10:24:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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