To view the PDF file, sign up for a MySharenet subscription.

NUTRITIONAL HOLDINGS LIMITED - General Issue of Shares for Cash and Renewal of Cautionary Announcement

Release Date: 30/09/2016 09:00
Code(s): NUT     PDF:  
Wrap Text
General Issue of Shares for Cash and Renewal of Cautionary Announcement

NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/002282/06)
Share code: NUT ISIN: ZAE000156485
(“NUT” OR “THE COMPANY”)

GENERAL ISSUE OF SHARES FOR CASH AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT

Shareholders   are  advised   that  the   Company  has   issued
200 000 000 ordinary NUT shares to Ontario Private Equity
Proprietary Limited (“Ontario”) at an issue price of 2 cents
per share for a total consideration of R4 million (“the
Subscription”), being a premium of 75% to the 30 day VWAP
calculated on 16 September 2016, being the date prior to the
date that the parties entered into the Subscription agreement.

The Subscription is in terms of a general authority to issue
shares for cash which approval was granted by NUT shareholders
at the Company’s annual general meeting on 3 July 2015, and
constitutes 5.72% of the number of equity securities in issue
prior to the Subscription.

The proceeds of the Subscription will be used to partially
repay debt and the balance to provide working capital to the
company and its operating subsidairies.

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement
released on SENS on 30 August 2016 and are advised that the
Company is still in discussions with Ontario with a view to
reverse listing certain companies within Ontario’s portfolio
into NUT.

These discussions if successfully concluded may have a
material effect on the price of the Company’s securities.

Accordingly, shareholders are advised to continue to exercise
caution when dealing in the Company’s securities until a
further announcement is made.

30 September 2016
Umhlanga

Corporate Advisor and Designated Advisor
PSG Capital

Date: 30/09/2016 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story