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ANCHOR GROUP LIMITED - Amended announcement regarding the general issue of shares for cash and renewal of cautionary announcement

Release Date: 25/11/2014 09:50
Code(s): ACG     PDF:  
Wrap Text
Amended announcement regarding the general issue of shares for cash and renewal of cautionary announcement

ANCHOR GROUP LIMITED
(formerly Andotorque Investments Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2009/005413/06)
(“Anchor” or “the Company”)
ISIN Code: ZAE000193389         JSE Code: ACG


AMENDED ANNOUNCEMENT REGARDING THE GENERAL ISSUE OF SHARES FOR CASH AND
RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the announcement dated 19 November 2014, where the Company
announced its intention to issue shares for cash by way of a bookbuild process which would
close at 17h00 on Monday, 24 November 2014.

The Directors of Anchor are pleased to announce that the Company received applications for
R548.2 million and hence investors received 45.6% of their application on a pro rata basis.
Accordingly, the Company has raised R249 955 950 and will issue 40 315 476 shares at 620 cents
per share under its general authority to issue shares for cash. The issue price approximates the
30 day Volume-Weighted Average Price (“VWAP”) of 622 cents, being the date that the price
of the issue of shares under the general authority was agreed. The funds were raised from a
broad range of public investors including various divisions of Investec, PSG, Sanlam, Imara,
Laurium Capital, FNB, Peregrine and Independent Securities. Successful qualifying investors will
be informed shortly regarding their allocation and provided with payment details.

As mentioned in the announcement dated 19 November 2014 the Company is in negotiations
with a number of parties with regards to acquisitions of varying sizes, and until details of these
acquisitions are published, shareholders are advised to continue to exercise caution when
dealing in the securities of the Company. The above funds, or a portion thereof, will be applied
towards the above strategic acquisitions and will be invested in cash and other low-risk
alternatives until such time as they are applied to discharge any purchase consideration due for
the acquisition/s.

In addition to the information required in terms of paragraph 11.22 of the JSE Listings
Requirements, shareholders are advised that this issue would have increased NAV per share
from 29.9c to 258.2c, based on the last published interim results on 30 June 2014 had the issue
taken place on 30 June 2014.

Application will be made for the listing of the 40.3 million additional shares following the receipt
of the proceeds of the share subscriptions, which will be due by close of business on Friday,
28 November 2014. The listing of the shares is expected to be on or about Friday, 5 December
2014.

Johannesburg
25 November 2014

Designated Advisor
Arbor Capital Sponsors Proprietary Limited


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