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CONSOLIDATED INFRASTRUCTURE GRP LTD - Results of the rights offer Successful raising of R750,000,000

Release Date: 28/11/2016 11:32
Code(s): CIL     PDF:  
Wrap Text
Results of the rights offer – Successful raising of R750,000,000

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


RESULTS OF THE RIGHTS OFFER – SUCCESSFUL RAISING OF R750,000,000



CIG shareholders (“Shareholders”) are referred to the circular (“Circular”) dated Tuesday, 8 November 2016 relating
to the fully-underwritten renounceable rights offer of R750 million (“Rights Offer”).

The Rights Offer consisted of an offer of 38,860,102 CIG shares (“Rights Offer Shares”) in the ratio of 23.80682
Rights Offer Shares for every 100 ordinary shares held on the record date of the Rights Offer, at a subscription price
of R19.30 per Rights Offer Share.

The Rights Offer closed at 12h00 on Friday, 25 November 2016 and was significantly oversubscribed. The results of
the Rights Offer are set out below:

                                                                       Percentage of
Applications                                   Number of shares        Rights Offer           Value R'm
                                                                        
Subscriptions for Rights Offer Shares          38,203,941              98.3%                  737.3
Applications for excess Rights Offer Shares    43,060,982              110.8%                 831.1
Total applications for Rights Offer Shares     81,264,923              209.1%                 1 568.4

                                                                       Percentage of
Allocations                                    Number of shares        Rights Offer           Value R'm
                                                                       
Subscriptions for Rights Offer Shares          38,203,941              98.3%                  737.3
Excess Rights Offer Shares allocated           656,161                 1.7%                   12.7
Total Rights Offer Shares allocated            38,860,102              100.0%                 750.0

The excess applications applied for will be allocated equitably, taking cognisance of the number of CIG shares and
rights held by each Shareholder immediately prior to such allocation, including those taken up as a result of the
Rights Offer, and the number of excess shares applied for by such Shareholder.

Share certificates will be posted to certificated Shareholders, who followed their rights, on Monday, 28 November
2016. Dematerialised Shareholders who have subscribed for Rights Offer Shares will have their accounts debited and
updated by their CSDP or broker on Monday, 28 November 2016.

Share certificates will be posted to certificated Shareholders who have applied for excess Rights Offer Shares on
Wednesday, 30 November 2016, and Dematerialised Shareholders who applied for excess Rights Offer Shares will
have the excess Shares allocated to them and credited to their accounts by their CSDP or broker on Wednesday, 30
November 2016.

Refund payments in respect of unsuccessful applications will be made to the relevant applicants on or about
Wednesday, 30 November 2016. No interest will be paid on monies received in respect of unsuccessful applications.

Following the conclusion of the Rights Offer, the total issued Share capital of the Company will increase to
202,091,069 Shares.

The 38,860,102 new Shares were listed on the JSE on Wednesday, 23 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
28 November 2016

Date: 28/11/2016 11:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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