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TASTE HOLDINGS LIMITED - Finalisation Announcement in respect of the Taste Rights Offer

Release Date: 16/10/2015 16:56
Code(s): TAS     PDF:  
Wrap Text
Finalisation Announcement in respect of the Taste Rights Offer

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste” or “the Company”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE TASTE RIGHTS OFFER


1.   INTRODUCTION

     Shareholders are referred to the announcement released on SENS on 13 October 2015
     (“Declaration Announcement”) wherein shareholders were advised that Taste intends to
     raise R226 393 428 from its Shareholders by way of a renounceable rights offer (“Rights
     Offer”), in terms of which Taste will offer a total of 75 464 476 new Taste ordinary shares
     (“Rights Offer Shares”) at a subscription price of 300 cents per Rights Offer Share in the
     ratio of 25 Rights Offer Shares for every 100 shares held in Taste at the close of business
     on the record date for the Rights Offer, being Friday, 30 October 2015 (“the Record Date”).

2.   RIGHTS OFFER CIRCULAR

     Shareholders are advised that Taste has received formal approval of the Rights Offer
     circular from the Issuer Regulation Division of the JSE Limited and accordingly, the Rights
     Offer can now be implemented in accordance with the salient dates and times as set out in
     the Rights Offer circular and the Declaration Announcement.

     The Rights Offer circular and accompanying Form of Instruction for use by certificated
     Shareholders only, containing full particulars of the Rights Offer, will be posted on Tuesday,
     27 October 2015 to certificated Shareholders recorded in the share register on the Record
     Date. Certificated Shareholders must complete the Form of Instruction and lodge it with the
     Transfer Secretaries, indicating how they wish to participate in the Rights Offer.

     The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on
     Tuesday, 3 November 2015 to dematerialised Shareholders (who have elected to receive
     such documents) recorded in the share register on the Record Date. Dematerialised
     Shareholders will not receive a “printed” Form of Instruction, but will have their accounts
     updated with their Rights Offer entitlement by their CSDP or broker. Holders of
     dematerialised Taste Shares are required to notify their CSDP or broker of the action they
     wish to take in respect of the Rights Offer in the manner and by the time stipulated in the
     agreement governing the relationship between the dematerialised Shareholder and his/her
     CSDP or broker.

     The Rights Offer circular will be made available on the Company’s website,
     www.tasteholdings.co.za, by close of business Friday, 23 October 2015.

Johannesburg
16 October 2015


Sponsor, Corporate Advisor and Book Runner
Merchantec Capital

Date: 16/10/2015 04:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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