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Share Placement Incorporating a General and Specific Issue of Shares for Cash
Interwaste Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/037223/06)
Share code: IWE
ISIN: ZAE000097903
(“Interwaste” or “the Company”)
SHARE PLACEMENT INCORPORATING A GENERAL AND SPECIFIC ISSUE OF SHARES FOR CASH
1. Introduction
The board of directors of Interwaste is pleased to advise shareholders that the Company has
successfully concluded a capital raising exercise whereby the Company has placed, subject to
shareholder approval in respect of the Specific Issue component thereof as detailed below, 70 000 000
new Interwaste shares, raising R91 130 000 in equity capital (the “Share Placement”).
2. Details of the Share Placement
In terms of the Share Placement, 70 000 000 new Interwaste shares (the “Placement Shares”) will be
issued as follows:
Issue to Number of Issue price Proceeds
Shares per share from issue
(cents) (R)
To public shareholders as defined in the JSE Limited 62 250 000 130 80 925 000
Listings Requirements (the “Listings Requirements”)
To non-public shareholders as defined in the Listings
Requirements:
- Coronation Capital Limited 6 500 000 130 8 450 000
To non-public shareholders who are also related
parties as defined in the Listings Requirements:
- Gavin Tipper 1 250 000 140.4 1 755 000
Total 70 000 000 91 130 000
The price of 130 cents per share at which 68 750 000 of the share will be issued to public shareholders,
and non-public shareholders who are not considered to be related parties in terms of the Listings
Requirements, represents a discount of 7.4% to the 30 trading day volume weighted average price up
to and including 30 September 2014, being the day prior to the date on which the price of the issue was
agreed.
The price of 140.4 cents per share at which 1 250 000 shares will be issued to parties who are
considered to be related parties in terms of the Listings Requirements is equal to the 30 trading day
volume weighted average price up to and including 30 September 2014, being the day prior to the date
on which the price of the issue was agreed.
62 250 000 of the Placement Shares will be issued to public shareholders, as defined in the Listings
Requirements, in terms of the general authority to issue shares for cash granted to the directors of
Interwaste at the Company’s last annual general meeting (the “General Issue”).
7 750 000 of the Placement will be issued to non-public shareholders, as defined in the Listings
Requirements (the “Specific Issue”), requiring the approval of shareholders as detailed in paragraph 4
below.
3. Rationale for the Share Placement
The new equity will be used to fund the additional working capital required as a result of the Company’s
growth, and to finance a number of new projects. The projects are expected to be earnings accretive.
4. Circular in respect of the Specific Issue
The Specific Issue will, in terms of the Listings Requirements, require the approval of Interwaste
Shareholders and a circular to Interwaste shareholders relating to the Specific Issue, and including a
notice of general meeting, will be posted to Interwaste shareholders in due course.
Germiston
3 October 2014
Corporate and Designated Advisor
Grindrod Bank Limited
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