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TASTE HOLDINGS LIMITED - Results of Claw-Back Offer

Release Date: 19/06/2017 16:19
Code(s): TAS     PDF:  
Wrap Text
Results of Claw-Back Offer

TASTE HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 2000/002239/06)
Share code: TAS ISIN: ZAE000081162
(“Taste” or “the Company”)


RESULTS OF CLAW-BACK OFFER



Shareholders are referred to the announcements released on SENS on 19 May 2017 and 25
May 2017 and the circular dated 30 May 2017 (and using the terms defined therein unless
otherwise stated) wherein shareholders were advised that Taste intended to raise R120 million
from its Shareholders by way of a renounceable Claw-Back Offer, in terms of which Taste
offered a total of 80 000 012 new Shares at a subscription price of R1.50 per Claw-Back Offer
Share in the ratio of 21.13210 Claw-Back Offer Shares for every 100 Shares held in Taste at the
close of business on the Initial Record Date for the Claw-Back Offer, being Friday, 2 June 2017.

Shareholders are advised that following the close of the Claw-Back Offer on Thursday,
15 June 2017, 64 469 470 Claw-Back Offer Shares were subscribed for, equivalent to 80.6% of
the total Claw-Back Offer Shares. The remaining 15 530 542 Claw-Back Offer Shares will be
allocated to the Subscriber in terms of the Claw-Back Subscription Agreement.

Claw-Back Offer Share certificates in terms of the Claw-Back Offer will be posted to holders of
Certificated Shares on or about Monday, 19 June 2017.

The CSDP or broker accounts of holders of Dematerialised Shares will be credited with Claw-
Back Offer Shares and debited with payments due on Monday, 19 June 2017.


Johannesburg
19 June 2017


Sponsor and Corporate Advisor
Merchantec Capital

Legal Advisor
Eversheds Sutherland

Date: 19/06/2017 04:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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