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CONDUIT CAPITAL LIMITED - Finalisation Announcement in respect of the Conduit Capital Rights Offer

Release Date: 17/11/2015 10:00
Code(s): CND     PDF:  
Wrap Text
Finalisation Announcement in respect of the Conduit Capital Rights Offer

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND ISIN: ZAE000073128
(“Conduit Capital” or “the Company”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE CONDUIT CAPITAL RIGHTS OFFER


1. INTRODUCTION

   Shareholders are referred to the announcement released on SENS on 9 October 2015 (“Declaration
   Announcement”) wherein shareholders were advised that Conduit Capital intends to raise
   R150 000 000 by way of a fully underwritten renounceable rights offer (“Rights Offer”), in terms of
   which the Company will offer a total of 75 000 000 new Shares (“Rights Offer Shares”) at a
   subscription price of 200 cents per Rights Offer Share (“Subscription Price”) in the ratio of
   29.25347 Rights Offer Shares for every 100 Shares (“Ratio”) held at the close of business on the
   record date for the Rights Offer, being Friday, 27 November 2015 (“Record Date”).

2. RIGHTS OFFER CIRCULAR

   Shareholders are advised that, as referred to in the Declaration Announcement, Conduit Capital has
   concluded the Underwriting Agreement and furthermore, the Company has received formal approval
   of the Rights Offer circular from the Issuer Regulation Division of the JSE Limited. 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, 24 November 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. Excess applications will not be permitted.

   The Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on Tuesday,
   1 December 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 Conduit Capital 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. Excess applications will not be permitted.

   The Rights Offer circular will be made available on the Company’s website, www.conduitcapital.co.za,
   by close of business Friday, 20 November 2015.


Johannesburg
17 November 2015

Sponsor
Merchantec Capital

Date: 17/11/2015 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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