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GIJIMA GROUP LIMITED - Results of Rights Offer

Release Date: 22/12/2014 17:00
Code(s): GIJ     PDF:  
Wrap Text
Results of Rights Offer

GIJIMA GROUP LIMITED
(Incorporated in South Africa)
(Registration number 1998/021790/06)
Share code: GIJ ISIN: ZAE000176533
(“Gijima”)

Results of Rights Offer

1. Introduction

Gijima Shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Services of the JSE Limited on 25 November 2014, wherein Shareholders were
advised that Gijima has proposed a fully underwritten renounceable rights offer (“Rights Offer”) of 1
000 000 000 (one billion) new ordinary shares (“Rights Offer Share/s”) at a subscription price of 10
cents per Rights Offer Share in the ratio of 503.9867 Rights Offer Shares for every 100 ordinary
shares (“Gijima Shares”) held in Gijima at the close of business on Friday, 5 December 2014 (“Record
Date”).

Guma Tech Proprietary Limited, Guma Tech Group Proprietary Limited, Guma Support Proprietary
Limited, Guma Investment Holdings Proprietary Limited and Yebo Guma Investments Proprietary
Limited (“the Guma Entities”), collectively owning 46.7% of the total Gijima Shares, have signed an
irrevocable undertaking to follow their rights under the Rights Offer. The balance of the Rights Offer
Shares, not subscribed for by Shareholders, has been fully underwritten by Guma ICT Proprietary
Limited (“the Underwriter”), equating to 53.3% of the value of the Rights Offer.

2. Results of the Rights Offer

The Rights Offer closed at 12h00 on Friday, 19 December 2014. The results of the Rights Offer are
set out below:
                                                               Number of Rights         % of Rights
                                                                    Offer Shares       Offer Shares
Rights Offer Shares available for subscription                    1 000 000 000                100
Rights Offer Shares subscribed for                                  498 619 863              49.86
 Excess Rights Offer Shares applied for and allocated(1)            234 572 799              23.46
Rights Offer Shares to be allocated to the Underwriter              266 807 338              26.68
(1)
Includes 232 988 230 excess Rights Offer Shares applied for and allocated to the Guma Entities collectively.


3. Issue of Rights Offer Shares

Certificated 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 Monday, 22 December 2014.

Dematerialised Shareholders registered as such on the Record Date (or their renouncees), who
validly subscribed for Rights Offer Shares, will have their accounts at their central securities
depository participants (“CSDP”) or broker updated with the Rights Offer Shares to which they are
entitled on Monday, 22 December 2014.

4. Excess Applications

The excess Rights Offer Shares applied for have been allocated in full.

Share certificates will be posted to holders of certificated Gijima Shares, who have been allocated
excess Right Offer Shares on or about Wednesday, 24 December 2014.
The CSDP or broker account of holders of dematerialised Gijima Shares, who have been allocated
excess Rights Offer Shares, will be credited with the excess Rights Offer Shares on or about
Wednesday, 24 December 2014.



Centurion
22 December 2014

Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited

Legal adviser
Webber Wentzel

Underwriter
Guma ICT Proprietary Limited

Date: 22/12/2014 05:00:00 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,
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