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Issue of shares for cash
VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
(“the Company” or “Visual”)
ISIN Code: ZAE000187407 Share code: VIS
ISSUE OF SHARES FOR CASH
Shareholders are advised that Visual has agreed to a subscription of 7 033 652 Visual
shares for cash for at a subscription price of R0.143 per share, totalling R1 million (“General
Issue”). The issue will be made under the Company’s general authority to issue shares for
cash.
The General Issue will constitute 3.27% of Visual’s issued share capital. This, together with
previous issues since the approval of the general authority to issue shares for cash on
26 October 2015, exceeds 5% of the issued share capital at that date. The cumulative
percentage is 6.08% of the total issued share capital of the Company. The General Issue
shares will be of a class already in issue.
The shares will be issued at a 10% discount to the 30-day volume weighted average price
as at 28 June 2016, being the date on which the terms of the General Issue were agreed
by the board of directors. The issue price is at a discount of 4.9% to the current market
price. The terms were accepted on 19 September 2016.
The issue of shares is to a member of the public as defined in the JSE Limited Listings
Requirements.
The proceeds of the General Issue will extinguish a R1 million loan owing by the Company.
Johannesburg
21 September 2016
Designated Advisor
Arbor Capital Sponsors Proprietary Limited
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