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ANCHOR GROUP LIMITED - Announcement regarding the General Issue of Shares for Cash and Renewal of Cautionary Announcement

Release Date: 19/08/2015 12:09
Code(s): ACG     PDF:  
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Announcement regarding the General Issue of Shares for Cash and Renewal of Cautionary Announcement

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


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


Shareholders are referred to the announcements dated 17 August 2015 and 18 August 2015,
where the Company announced its intention to issue shares for cash by way of a bookbuild
process which would close at 17h00 on Tuesday, 18 August 2015.

The Directors of Anchor are pleased to announce that the Company received applications for
R1.45 billion and hence investors will receive approximately 17% of their application on a pro
rata basis. Accordingly, the Company has raised R255 000 000 and will issue 20 400 000 shares
at 1250 cents per share under its general authority to issue shares for cash. The issue price is at
a premium to the 30 day Volume-Weighted Average Price (“VWAP”) of 1193 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. Successful qualifying investors will be
informed shortly regarding their allocation and provided with payment details.

As mentioned in the announcement dated 17 August 2015 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 273c to 393c, based on the last published interim results on 30 June 2015 had the issue
taken place on 30 June 2015.

Application will be made for the listing of the 20.4 million new shares following the receipt of
the proceeds of the share subscriptions, which will be due by close of business on Wednesday,
26 August 2015. The listing of the shares is expected to be on or about Monday, 31 August
2015.

Johannesburg
19 August 2015

Designated Advisor
Arbor Capital Sponsors Proprietary Limited

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