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CONSOLIDATED INFRASTRUCTURE GRP LTD - Finalisation announcement and terms of the CIG fully-underwritten renounceable rights offer

Release Date: 03/11/2016 15:00
Code(s): CIL     PDF:  
Wrap Text
Finalisation announcement and terms of the CIG fully-underwritten renounceable rights offer

CONSOLIDATED INFRASTRUCTURE GROUP
(Incorporated in the Republic of South Africa)
(Registration number 2007/004935/06)
Share code: CIL ISIN: ZAE000153888
(“CIG” or “the Company”)

NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS
UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT


FINALISATION ANNOUNCEMENT AND TERMS OF THE CIG FULLY-UNDERWRITTEN RENOUNCEABLE
RIGHTS OFFER



   CIG shareholders (“Shareholders”) are referred to the announcement released on the Stock Exchange News
   Service (“SENS”) on Friday, 28 October 2016 in respect of the fully-underwritten renounceable rights offer of R750
   million (“Rights Offer”) in terms of which CIG will offer a total of 38,860,102 Rights Offer shares (“Rights Offer
   Shares”) at a price of R19.30 per Rights Offer Share (“Rights Offer Issue Price”) in the ratio of 23.80682 Rights
   Offer Shares for every 100 existing shares held on the record date for the Rights Offer, being Friday, 11 November
   2016.

   Shareholders are advised that the Rights Offer is unconditional and accordingly the Rights Offer may now be
   implemented.

   The salient dates and times of the Rights Offer will be the same as those published in the announcement released
   on SENS on Friday, 28 October 2016.

   Shareholders may commence trading the Rights Offer Shares on Wednesday, 23 November 2016.

   Further details of the Rights Offer will be set out in the circular to Shareholders (“Rights Offer Circular”) which is
   expected to be distributed to certificated Shareholders on Thursday, 10 November 2016 and to dematerialised
   shareholders on Tuesday, 15 November 2016. The Rights Offer Circular will be made available on the Company’s
   website www.ciglimited.co.za from Tuesday, 8 November 2016.

   Financial Advisor, Transaction Sponsor and Underwriter to the Rights Offer
   Investec Bank Limited

   Legal Advisor to the Underwriter
   Glyn Marais Incorporated

   Legal Advisor to CIG
   Edward Nathan Sonnenbergs Incorporated

   Johannesburg
   3 November 2016

Date: 03/11/2016 03:00:00 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.

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