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ADVTECH LIMITED - Rights Offer Finalisation Announcement

Release Date: 05/11/2015 08:00
Code(s): ADH     PDF:  
Wrap Text
Rights Offer Finalisation Announcement

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share Code: ADH
ISIN: ZAE000031035
(“ADvTECH” or the “Company”)

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN RESPECT OF WHICH THE PUBLICATION, DISTRIBUTION OR
RELEASE, DIRECTLY OR INDIRECTLY, OF THIS ANNOUNCEMENT WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS
OF SUCH JURISDICTION OR IN RESPECT OF WHICH THE OFFERING CONTEMPLATED BY THIS ANNOUNCEMENT IS
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO PURCHASE,
OTHERWISE ACQUIRE, SUBSCRIBE FOR, SELL, OTHERWISE DISPOSE OF OR PURCHASE ANY SECURITY IN ANY JURISDICTION.


RIGHTS OFFER FINALISATION ANNOUNCEMENT

ADvTECH shareholders are referred to the declaration announcement released on the Stock Exchange News
Service on Tuesday, 3 November 2015 and in the South African press on Wednesday, 4 November 2015
relating to a renounceable rights offer to its shareholders (“rights offer”) to raise up to R850 million.

Confirmation of registration has now been received from the Companies and Intellectual Property Commission
in respect of the special resolutions relating to the increase of authorised share capital and amendments to
Memorandum of Incorporation and accordingly all conditions precedent to the rights offer have now been
fulfilled. Accordingly, the rights offer will proceed on the terms and in accordance with the timetable as set out
in the declaration announcement.

The rights offer will consist of 75,555,556 new ADvTECH ordinary shares in the ratio of 16.59818 new ADvTECH
ordinary shares for every 100 ADvTECH ordinary shares held on the record date of the rights offer, being
Friday, 20 November 2015, at a subscription price of R11.25 per ADvTECH ordinary share.

Johannesburg
5 November 2015

Financial advisor and transaction sponsor
Absa Bank Limited (acting through its Corporate and Investment Banking Division)

Legal adviser
Cliffe Dekker Hofmeyr

Sponsor
Bridge Capital Advisors Proprietary Limited

Date: 05/11/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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