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DIAMONDCORP PLC - Open offer to eligible share holders

Release Date: 17/06/2015 08:00
Code(s): DMC     PDF:  
Wrap Text
Open offer to eligible share holders

DiamondCorp plc
AIM share code: DCP & JSE share code: DMC
ISIN: GB00B183ZC46
(Incorporated in England and Wales)
(Registration number 05400982)
(SA company registration number 2007/031444/10)
("DiamondCorp", "the Group" or "the Company")

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA,
CANADA, JAPAN, THE REPUBLIC OF IRELAND OR ANY OTHER JURISDICTION IN
WHICH IT WOULD BE UNLAWFUL TO DO SO.

THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY ANY RIGHTS, ORDINARY SHARES OR OTHER SECURITIES OF THE
COMPANY AND NEITHER THIS ANNOUNCEMENT NOR ANYTHING HEREIN FORMS
THE BASIS FOR ANY CONTRACT OR COMMITMENT WHATSOEVER.

PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE
REQUIRED BY THE COMPANY AND PANMURE GORDON (UK) LIMITED TO INFORM
THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS.


OPEN OFFER OF UP TO 20,894,263 NEW ORDINARY SHARES AT 10 PENCE PER SHARE

Further to the statement on 5 June 2015, DiamondCorp, the Southern African focussed
diamond development, exploration and mining company, is pleased to announce the launch
of an Open Offer today to issue up to 20,894,263 further new Ordinary Shares to Eligible
Shareholders at 10 pence each. A circular concerning the Open Offer (the “Circular”) will
today be posted to Eligible Shareholders.

The Board recognises and is grateful for the continued support received from Shareholders
and has therefore decided to provide an opportunity for all existing Eligible Shareholders to
participate in a further issue of new Ordinary Shares also at the Placing Price. The Open
Offer is not being underwritten but, assuming take-up in full, the Open Offer will raise net
proceeds of approximately £2.0 million. Such proceeds shall be used towards enhancing the
economics of the Lace Mine primarily through the following discretional capital expenditure:

   (i) the purchase of two dump trucks to expand the mine’s existing fleet, thereby
        increasing operational availability;
   (ii) a deposit towards the purchase of a high-volume optical and x-ray waste sorter which
        will reduce the volume of internal waste rock from kimberlite ore prior to processing.
        Such equipment has the potential to significantly reduce plant water and electricity
        consumption and increase processing rates;
and for additional working capital purposes.

Eligible Shareholders may subscribe for Open Offer Shares on the basis of 1 Open Offer
Share for every 17 Existing Ordinary Shares held on the Record Date. Shareholders
subscribing for their full entitlement under the Open Offer may also request additional Open
Offer Shares through the Excess Application Facility.

The Open Offer has been structured so that it is not made to Non-Eligible Shareholders or to
Shareholders resident in any Restricted Jurisdiction. Subject to certain exceptions,
Restricted Jurisdictions specifically includes the Republic of South Africa and Non-Eligible
Shareholders include all Shareholders registered on the SA Register, as further discussed in
paragraph 3.1 of the Circular.

Application will be made to the London Stock Exchange and the JSE for the Open Offer
Shares to be admitted to trading on AIM and AltX respectively. The Open Offer Shares will,
when issued, rank pari passu in all respects with the Existing Ordinary Shares, including the
right to receive dividends and other distributions declared following Admission. It is expected
that Admission will become effective and that dealings in the Open Offer Shares will
commence on 7 July 2015.

Further details of the Open Offer, including the terms and conditions and what action
Shareholders may take, are set out in the Circular. A copy of the Circular will be made
available on the Company's website (www.diamondcorp.plc.uk) and extracts thereof are set
out below.

Unless otherwise stated, terms and expressions defined in the Circular have the same
meaning in this announcement.

Contact details:

DiamondCorp plc
Paul Loudon, Chief Executive
Tel: +27 828 246 897
Euan Worthington, Chairman
Tel: +44 7753 862 097

UK Broker & Nomad
Panmure Gordon (UK) Limited
Dominic Morley/Adam James/Tom Salvesen
Tel: +44 20 7886 2500

JSE Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Megan Young
Tel: +27 11 445 8068

SA Corporate Advisor
Qinisele Resources Proprietary Limited
Dennis Tucker / Andrew Brady
Tel: +27 11 883 6358



Note regarding forward-looking statements

This announcement contains certain forward looking statements relating to the Company's
future prospects, developments and business strategies.

Forward looking statements are identified by their use of terms and phrases such as
"targets" "estimates", "envisages", "believes", "expects", "aims", "intends", "plans", "will",
"may", "anticipates", "would", "could" or similar expressions or the negative of those,
variations or comparable expressions, including references to assumptions.

The forward looking statements in this announcement are based on current expectations
and are subject to risks and uncertainties which could cause actual results to differ materially
from those expressed or implied by those statements.

These forward looking statements relate only to the position as at the date of this
announcement.

Neither the Directors nor the Company undertake any obligation to update forward looking
statements or risk factors, other than as required by the AIM Rules for Companies or by the
rules of any other applicable securities regulatory authority, whether as a result of the
information, future events or otherwise.

You are advised to read this announcement and, once available the Circular and the
information
incorporated by reference therein, in their entirety for a further discussion of the factors that
could affect the Company's or the Group's future performance and the industries in which
they operate. In light of these risks, uncertainties and assumptions, the events described in
the forward-looking statements in this announcement may not occur.

Neither the content of the Company's website (or any other website) nor any website
accessible by
hyperlinks on the Company's website (or any other website) is incorporated in, or forms part
of, this
announcement.

If in any doubt about any of the contents of this announcement, independent professional
advice should be obtained.

This summary should be read in conjunction with the full text of the announcement which
follows.
DiamondCorp plc

Open Offer of up to 20,894,263 new Ordinary Shares at 10 pence per share

1.   Introduction

Further to the Company’s announcement on 5 June 2015 in respect of the Placing, the
Board recognises and is grateful for the continued support received from Shareholders and
has therefore decided to offer all Eligible Shareholders the opportunity to participate in a
further issue of new equity in the Company by launching the Open Offer to issue up to
20,894,263 further new Ordinary Shares to Eligible Shareholders at the Issue Price (being
equivalent to the Placing Price). Eligible Shareholders may subscribe for Open Offer Shares
on the basis of 1 Open Offer Share for every 17 Existing Ordinary Shares held on the
Record Date. Shareholders subscribing for their full entitlement under the Open Offer may
also request additional Open Offer Shares through the Excess Application Facility.

Assuming full take-up under the Open Offer, the issue of the Open Offer Shares will raise
further gross proceeds of up to £2.1 million for the Company.

The Open Offer Shares to be issued pursuant to the Open Offer are to be admitted to trading
on both AIM and AltX, which is expected to take place at 8.00 a.m. on 7 July 2015. The net
proceeds of the Open Offer (after commission and expenses) will be used towards
enhancing the economics of the Lace Mine and for additional working capital purposes.

Further details on the background to and the reasons for the Open Offer are given in section
2 below.

The purpose of the letter is to explain to Shareholders the background to, and reasons for,
the Open Offer.

2.   Background to and reasons for the Open Offer

The Open Offer is being made so as to enable all Eligible Shareholders to subscribe for new
Ordinary Shares at the Issue Price on a pro rata basis to their current holdings and with the
option for increasing their allocation pursuant to an excess application facility.

In light of the Placing and the potential value implications for the Lace mine resource
resulting from the recently announced discovery of a Type IIa diamond, the Board concluded
it is not in the Company's best interests to proceed with the royalty financing facility from
Acrux Resources (Pty) Limited, of which the signing of a term sheet was announced on 17
March 2015, and consequently terminated the agreement.

The net proceeds of the Placing are to be used to fund the working capital shortfall disclosed
in the Company's audited financial results for the year ended 31 December 2014, as
announced on 26 May 2015, being £1.8 million in the Company's base case to £2.8 million
in the sensitised case. Consequently, the Directors consider that as a result of the Placing,
the Company now has sufficient funds to ramp up to commercial production, which is
anticipated in the second half of 2015, leading to the commencement of positive cashflow
anticipated by the end of 2015.

The Board recognises and is grateful for the continued support received from Shareholders
and has therefore decided to provide an opportunity for all existing Eligible Shareholders to
participate in a further issue of new Ordinary Shares also at the Placing Price. The Open
Offer is not being underwritten but, assuming take-up in full by Eligible Shareholders, the
Open Offer shall raise net proceeds of approximately £2.0 million. Such proceeds shall be
used towards enhancing the economics of the Lace Mine primarily through the following
discretional capital expenditure:

   (iii) the purchase of two dump trucks to expand the mine’s existing fleet, thereby
         increasing operational availability;
   (iv) a deposit towards the purchase of a high-volume optical and x-ray waste sorter to
         reduce the volume of internal waste rock from kimberlite ore prior to processing.
         Such equipment has the potential to significantly reduce plant water and electricity
         consumption and increase kimberlite processing rates;
and for additional working capital purposes.

The Open Offer has been structured so that it is not made to Non-Eligible Shareholders or to
Shareholders resident in any Restricted Jurisdiction. Subject to certain exceptions,
Restricted Jurisdictions specifically includes the Republic of South Africa and Non-Eligible
Shareholders include all Shareholders registered on the SA Register, as further discussed in
paragraph 3.1 below.

3.    Details of the Open Offer

3.1        Structure

The Directors have considered the best way to structure the Open Offer, having regard to,
inter alia, the importance of pre-emption rights to all Shareholders, the extent to which there
are Overseas Shareholders, the regulatory requirements applicable to companies listed on
AIM and on AltX and associated timetabling, cost implications and market risks. After
considering these factors, the Directors have concluded that the most suitable structure for
the Open Offer, for both the Company and its Shareholders as a whole, is that the Open
Offer be made only to Eligible Shareholders who are not resident in any Restricted
Jurisdiction (which includes specifically, the Republic of South Africa). Non-Eligible
Shareholders are Shareholders who are not registered on the UK Register (therefore
excluding specifically all Shareholders on the SA Register).

The Open Offer provides an opportunity for all Eligible Shareholders to acquire Open Offer
Shares pro rata to their current holdings of Existing Ordinary Shares with the option for
subscribing for more shares pursuant to the Excess Application Facility. The Issue Price for
the Open Offer is the same as the Placing Price in the Placing. Once subscriptions by
Eligible Shareholders under their respective Basic Entitlements have been satisfied, the
Company shall, in its absolute discretion, determine whether to meet any excess
applications in full or in part and no assurance can be given that applications by Eligible
Shareholders under the Excess Application Facility will be met in full, in part or at all.
3.2        Principal Terms of the Open Offer

Subject to the fulfilment of the conditions set out below and in Part III of the Circular, Eligible
Shareholders are being given the opportunity to subscribe for the Open Offer Shares at a
price of 10 pence per Open Offer Share, pro rata to their holdings of Existing Ordinary
Shares on the Record Date on the basis of:

1 Open Offer Share for every 17 Existing Ordinary Shares

Eligible Shareholders are also being given the opportunity, provided that they take up their
Basic Entitlement in full, to apply for Excess Entitlements through the Excess Application
Facility.

Assuming full take-up under the Open Offer, the issue of the Open Offer Shares will raise
gross proceeds of approximately £2.1 million for the Company. The Open Offer Shares will,
upon issue, rank pari passu with the Existing Ordinary Shares.

Fractions of Open Offer Shares will not be allotted; instead, each Eligible Shareholder’s
entitlement under the Open Offer will be rounded down to the nearest whole number. The
fractional entitlements may be aggregated and sold in the market, with the proceeds being
retained for the benefit of the Company. Eligible Shareholders with holdings of Existing
Ordinary Shares in both certificated and uncertificated form will be treated as having
separate holdings for the purpose of calculating the Basic Entitlements.

To enable the Company to benefit from applicable exemptions to the requirement under the
Prospectus Rules to prepare a prospectus in connection with the Open Offer, a maximum of
20,894,263 Open Offer Shares, representing a total consideration of £2.1 million will be
made available to Eligible Shareholders under the Open Offer, which will be conducted on
the basis of 1 Open Offer Share for every 17 Existing Ordinary Shares. The Open Offer is
restricted to Eligible Shareholders in order to enable the Company to benefit from
exemptions from securities law requirements in certain jurisdictions outside the United
Kingdom.

It should be noted that the Open Offer is not a rights issue. Accordingly, the Application
Form is not a document of title and cannot be traded. Unlike a rights issue, any Open Offer
Shares not applied for under the Open Offer will not be sold in the market or placed for the
benefit of Eligible Shareholders who do not take up their rights to subscribe under the Open
Offer.

3.3        Excess Application Facility

The Excess Application Facility will enable Eligible Shareholders, provided that they take up
their Basic Entitlement in full, to apply for Excess Entitlements. Eligible Non-CREST
Shareholders who wish to apply to acquire more than their Basic Entitlement should
complete the relevant sections on the Application Form. Eligible CREST Shareholders will
have Excess Entitlements credited to their stock account in CREST and should refer to
paragraph 4(ii)(j) of Part III of the Circular for information on how to apply for Excess
Entitlement pursuant to the Excess Application Facility. Applications for Excess Entitlements
will be satisfied only and to the extent that corresponding applications by other Eligible
Shareholders are not made or are made for less than their Basic Entitlements.

Once subscriptions by Eligible Shareholders under their respective Basic Entitlements have
been satisfied, the Company shall, in its absolute discretion, determine whether to meet any
excess applications in full or in part and no assurance can be given that applications by
Eligible Shareholders under the Excess Application Facility will be met in full, in part or at all.
Application will be made for the Basic Entitlements and Excess Entitlements in respect of
Eligible CREST Shareholders to be admitted to CREST. It is expected that such Basic
Entitlements and Excess Entitlements will be admitted to CREST by 3.00 p.m. on 18 June
2015. Applications through the means of the CREST system may only be made by the
Eligible Shareholder originally entitled or by a person entitled by virtue of a bona fide market
claim. Eligible Non-CREST Shareholders will receive an Application Form with the Circular
which sets out their entitlement to Open Offer Shares as shown by the number of Basic
Entitlements allocated to them. Eligible Non-CREST Shareholders should note that the
Application Form is not a negotiable document and cannot be traded.

Eligible CREST Shareholders will receive a credit to their appropriate stock accounts in
CREST in respect of their Basic Entitlements by 3.00 p.m. on 18 June 2015. Eligible CREST
Shareholders should note that although the Basic Entitlements and Excess Entitlements will
be admitted to CREST and be enabled for settlement, applications in respect of entitlements
under the Open Offer may only be made by the Eligible Shareholder originally entitled or by
a person entitled by virtue of a bona fide market claim. If applications are made for less than
all of the Open Offer Shares available, then the lower number of Open Offer Shares will be
issued and any outstanding Basic Entitlements will lapse.

Further information on the Open Offer and the terms and conditions on which it is made,
including the procedure for application and payment, are set out in Part III of the Circular.
For Eligible Non-CREST Shareholders, completed Application Forms, accompanied by full
payment, should be returned by post to Computershare, Corporate Actions Projects, Bristol,
BS99 6AH or by hand (during normal business hours only) to Computershare Investor
Services PLC, The Pavilions, Bridgwater Road, Bristol, BS13 8AE, UK so as to arrive as
soon as possible and in any event so as to be received no later than 11:00 a.m. on 3 July
2015. For Eligible CREST Shareholders the relevant CREST instructions must have been
settled as explained in the Circular by no later than 11:00 a.m. on 3 July 2015.
3.4         Other information relating to the Open Offer

The Open Offer is conditional, inter alia, upon Admission of the Open Offer Shares
becoming effective by not later than 8.00 a.m. on 7 July 2015 (or such later time and/or date
as Panmure and the Company may agree).

The Open Offer will result in the issue of in total 20,894,263 Open Offer Shares assuming
full take up under the Open Offer (representing, in aggregate, approximately 5.56 per cent.
of the Enlarged Ordinary Share Capital assuming full take up under the Open Offer). The
Open Offer Shares, when issued and fully paid, will rank pari passu in all respects with the
Existing Ordinary Shares and therefore rank equally for all dividends or other distributions
declared, made or paid after the date of issue of the Open Offer Shares. No temporary
documents of title will be issued.

Following the issue of the Open Offer Shares pursuant to the Open Offer (and assuming that
the Open Offer is taken up in full), Eligible Shareholders who do not subscribe for any of
their Open Offer Entitlements will suffer a dilution of approximately 5.56 per cent. to their
interests in the Company.

4.   Admission and dealings

Application will be made to the London Stock Exchange and the JSE for the Open Offer
Shares to be admitted to trading on AIM and AltX respectively. The Open Offer Shares will,
when issued, rank pari passu in all respects with the Existing Ordinary Shares, including the
right to receive dividends and other distributions declared following Admission. It is expected
that Admission will become effective and that dealings in the Open Offer Shares will
commence on 7 July 2015.

5.   Additional Information

Your attention is drawn to the additional information set out in Parts II and III of the Circular.
In particular the attention of investors is drawn to the information regarding taxation set out in
section 6 of Part III. This information is intended only as a general guide to the current tax
position under UK taxation law for certain types of investor. Investors who are in any doubt
as to their tax position or who are subject to tax in jurisdictions other than the UK are
strongly advised to consult their professional advisers.

The Circular will be available for a period of twelve months from the date of the Circular on
the Company’s website www.diamondcorp.plc.uk free of charge in accordance with the
requirements of Rule 26 of the AIM Rules for Companies.




Appendix I - Expected Timetable of Principal Events

Record Date for entitlement under the Open                           5.00 p.m. on 16 June 2015
Offer
Announcement of the Open Offer                                                     17 June 2015
Posting of the Circular and, to Eligible Non-                                      17 June 2015
CREST Shareholders only, the Application
Form
Existing Ordinary Shares marked ‘ex’ by the                          8.00 a.m. on 18 June 2015
London Stock Exchange
Basic Entitlements and Excess Entitlements                                         18 June 2015
credited to stock accounts in CREST for
Eligible Shareholders
Latest recommended time and date for                                 4.30 p.m. on 30 June 2015
requested withdrawal of Basic Entitlements
and Excess Entitlements from CREST
Latest time and date for depositing Basic                          3.00 p.m. on 1 July 2015
Entitlements and Excess Entitlements into
CREST
Latest time for splitting Application Forms (to                    3.00 p.m. on 1 July 2015
satisfy bona fide market claims only)
Latest time and date for receipt of                               11.00a.m. on 3 July 2015
Application Form and payment in full under
the Open Offer and settlement of relevant
CREST instructions (as appropriate)
Announcement of the results of the Open                                         6 July 2015
Offer
Admission and dealings in the Open Offer                           8.00 a.m. on 7 July 2015
Shares
Expected date for CREST accounts to be                                          7 July 2015
credited in relation to the Open Offer Shares
Despatch of definitive share certificates                        on or around 14 July 2015
(where applicable) in relation to the Open
Offer Shares

Notes:
(1) If any of the details contained in the timetable above should change, the revised times
and dates will be notified by means of an announcement through a Regulatory Information
Service.

(2) All times are London times and each of the times and dates are subject to change.


Appendix II - Definitions

The following definitions apply throughout this announcement, unless the context requires
otherwise:

“Admission” the admission of the Open Offer Shares to trading on both AIM and AltX
becoming effective in accordance with the AIM Rules and AltX
“AIM” the market of that name operated by the London Stock Exchange
“AIM Rules” the AIM Rules for Companies, published by the London Stock Exchange from
time to time
“AIM Rules for Nominated Advisers” the rules for nominated advisers to AIM companies,
as published and amended from time to time by the London Stock Exchange
“AltX” the alternative exchange of the JSE
“Applicant” an Eligible Shareholder or a person entitled by virtue of a bona fide market
claim who lodges an Application Form under the Open Offer
“Application Form” the application form relating to the Open Offer and enclosed with the
Circular for use by Eligible Non-CREST Shareholders
“Basic Entitlement(s)” the entitlement to subscribe for Open Offer Shares, allocated to an
Eligible Shareholder pursuant to the Open Offer as described in Part III of the Circular
“Board” the board of directors of the Company
“Business Day” any day (excluding Saturdays, Sundays and public holidays) upon which
the banks in the City of London are open for business
“Circular” the circular concerning the Open Offer
“Company” or “DiamondCorp” DiamondCorp plc, a public limited company incorporated
on 3rd February 2005 in England and Wales and operating under the Companies Act 2006,
whose registered office is at 6 Middle Street, London, EC1A 7JA, UK
 “CREST” the relevant system (as defined in the Uncertificated Securities Regulations 2001
(SI 2001 No. 3875) for the paperless settlement of trades and the holding of uncertificated
securities, operated by Euroclear, in accordance with the same regulations
“CREST Sponsor(s)” a CREST participant admitted to CREST as a CREST sponsor
“CREST sponsored member(s)” a CREST member admitted to CREST as a sponsored
member (which includes all CREST Personal Members)
“Directors” the directors of the Company
“Eligible CREST Shareholder(s)” Eligible Shareholders whose Existing Ordinary Shares
are held in uncertificated form
“Eligible Non-CREST Shareholder(s)”           Eligible Shareholders whose Existing Ordinary
Shares are held in certificated form
“Eligible Shareholder(s)” Shareholders on the Record Date that are not Non-Eligible
Shareholders.
“Enlarged Ordinary Share Capital” all of the Ordinary Shares in issue on Admission
“Euroclear” Euroclear UK & Ireland Limited, the operator of CREST
“Excess Application Facility” the arrangement pursuant to which Eligible Shareholders
may apply for Open Offer Shares in excess of their Basic Entitlement
“Excess Entitlement(s)” Open Offer Shares in excess of the Basic Entitlement, but not in
excess of the total number of Open Offer Shares, allocated to an Eligible Shareholder
pursuant to the Open Offer as described in Part III of the Circular
“Existing Ordinary Shares” the existing Ordinary Shares in issue at the date of the Circular
“FCA” the Financial Conduct Authority
“FMA” the Financial Markets Act, 19 of 2012 of South Africa
“FSMA” the Financial Services and Markets Act 2000 (as amended)
“Group” the Company, together with its subsidiary undertakings
“HMRC” Her Majesty’s Revenue & Customs
“Issue Price” 10 pence per Open Offer Share
“JSE” the JSE Limited (registration number 2005/022939/06), a public company duly
registered and incorporated with limited liability under the company laws of South Africa,
licensed as an exchange under the FMA;
“Lace Mine” the Lace Diamond Mine in the Free State of South Africa, to which
DiamondCorp has operational control and a 74 per cent. equity interest.
“London Stock Exchange” the London Stock Exchange plc
“Non Eligible Shareholders” Shareholders who are not entered on the UK Register.
“Open Offer” the invitation to Eligible Shareholders to apply to subscribe for Open Offer
Shares at the Issue Price on the terms and subject to the conditions set out in Part III of the
Circular and, where relevant, in the Application Form
“Open Offer Shares” up to 20,894,263 Ordinary Shares to be issued pursuant to the Open
Offer
“Ordinary Shares” ordinary shares of 0.1 pence each in the capital of the Company
“Overseas Shareholders” holders of Existing Ordinary Shares who are not resident in the
United Kingdom
“Panmure” Panmure Gordon (UK) Limited
“Placing” the placing undertaken by the Company to raise £3.18 million, announced to the
market on 05 June 2015
“Placing Price” the price per new Ordinary Share subscribed for by investors in the Placing,
being 10 pence each.
“Receiving Agent” and “Registrars” Computershare Investor Services PLC, The
Pavilions, Bridgwater Road, Bristol, BS13 8AE, UK
“Record Date” 5.00 p.m. GMT on 16 June 2015
 “Restricted Jurisdiction(s)” any jurisdiction except the United Kingdom, including in
particular the United States, Canada, Japan, Australia, the Republic of South Africa or the
Republic of Ireland, and any other jurisdiction where the extension or availability of the Open
Offer would breach any applicable law or regulations
“SA Register” the branch register of Shareholders in South Africa
“Shareholders” holders of Ordinary Shares
“UK Listing Authority” the FCA acting in its capacity as the competent authority for the
purposes of FSMA
“UK Register” the register of Shareholders in the United Kingdom
“United States” or “US” means the United States of America, its territories or possessions,
any state of the United States and the District of Columbia
“US Securities Act” the United States Securities Act of 1933 (as amended)
“US Person” a “US person” as defined in Regulation S promulgated under the US
Securities Act
“USE” an Unmatched Stock Event

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
17 June 2015

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