HULISANI LIMITED - Specific Issue of Shares for Cash and Notice of General Meeting

Specific Issue of Shares for Cash and Notice of General Meeting

HULISANI LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2015/363903/06)
Share code: HUL ISIN: ZAE000212072
(“Hulisani” or “the Company”)

SPECIFIC ISSUE OF SHARES FOR CASH AND NOTICE OF GENERAL
MEETING

SPECIFIC ISSUE OF SHARES FOR CASH

Shareholders are advised that subsequent to the listing of
Hulisani, the Company has been approached to acquire stakes in
numerous energy projects, which projects will require funding
well in excess of the funds raised by Hulisani on listing.
Given the value of these potential investments, the board of
Hulisani has resolved to increase the Company’s cash holdings
by way of a specific issue of shares for cash to enable it to
execute transactions timeously.

Hulisani will issue up to a maximum of 400 million shares at
an issue price of between R10 and R11 per share to raise up to
a maximum of R4 billion by way of a private placement (“the
Specific Issue”).

In addition, due to the large number of projects being
considered by Hulisani and the costs related thereto, the
board is seeking shareholder approval for an increase to the
Company’s permissible operating expenses.

The Specific Issue is subject to approval by Hulisani
shareholders in terms of the Listings Requirements of the JSE
Limited and in terms of section 41(3) of the Companies Act, 71
of 2008 in general meeting.

The increase in permissible operating expenses is also subject
to approval by Hulisani shareholders in general meeting.

NOTICE OF GENERAL MEETING

Shareholders are hereby advised that a circular containing
details of the Specific Issue and the increase in permissible
operating expenses has been dispatched to shareholders today,
23 September 2016.

Notice is hereby given that the general meeting of Hulisani
will be held at 11th Floor, Sandton Eye, corner West Street
and Rivonia Road, Sandton on Monday, 24 October 2016 at 10h00
to transact the business as set out in the notice of the
general meeting on pages 18 to 20 of the circular.

The date on which shareholders must be recorded as such in the
share register to be eligible to vote at the general meeting
is Friday, 14 October 2016, with the last day to trade being
Tuesday, 11 October 2016.


Johannesburg
23 September 2016

Corporate Advisor and Sponsor: PSG Capital Proprietary Limited

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