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ESOR LIMITED - Finalisation Announcement in Respect of the Esor Rights Offer and Withdrawal of Cautionary

Release Date: 26/01/2017 08:30
Code(s): ESR     PDF:  
Wrap Text
Finalisation Announcement in Respect of the Esor Rights Offer and Withdrawal of Cautionary

ESOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
JSE code: ESR
ISIN: ZAE000184669
(“Esor”)


FINALISATION ANNOUNCEMENT IN RESPECT OF THE ESOR RIGHTS OFFER AND WITHDRAWAL
OF CAUTIONARY

Shareholders are referred to the announcement released on SENS on Friday, 20
January 2017 (“Declaration Announcement”) in respect of the fully-
underwritten renounceable rights offer of R37.54 million (“Rights Offer”) in
terms of which Esor will offer a total of 98 796 357 rights offer shares
(“Rights Offer Shares”) at a price of 38 cents per Rights Offer Share in the
ratio of 25 Rights Offer Shares for every 100 Esor shares held on the record
date for the Rights Offer, being Friday, 3 February 2017.

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 Declaration Announcement released on SENS, and published in the 
press on Monday, 23 January 2017. Shareholders may commence trading the Rights 
Offer Shares on Wednesday, 15 February 2017.

Further details of the Rights Offer will be set out in a circular to
shareholders (“Rights Offer Circular”) which Rights Offer Circular is
expected to be posted to certificated shareholders on Thursday, 2 February
2017 and to dematerialised shareholders on Tuesday, 7 February 2017.

The Rights Offer Circular will be made available on Esor’s website
www.esor.co.za from Tuesday, 31 January 2017.

AMENDMENT TO DECLARATION ANNOUNCEMENT

Shareholders are referred to the Declaration Announcement and are advised
that the ISIN number for Esor is ZAE000184669 and not the ISIN number included
in the Declaration Announcement.

WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement released on SENS on 26 October 2016
and the subsequent renewal dated 7 December 2016, shareholders are advised
that the terms of the Rights Offer have been finalised and published and
accordingly the cautionary is withdrawn and hence caution is no longer
required to be exercised when dealing in Esor securities.


Germiston
26 January 2017

Sponsor and corporate advisor
Vunani Corporate Finance

Date: 26/01/2017 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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