Wrap Text
Finalisation announcement in respect of the Sygnia Rights Offer
SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
JSE share code: SYG
ISIN: ZAE000208815
("Sygnia" or the "Company")
Finalisation announcement in respect of the Sygnia Rights Offer
1. Introduction
Sygnia Shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Services (“SENS”) of the JSE Limited on 11 July 2017, wherein Shareholders
were advised that Sygnia has resolved to pursue a partially underwritten renounceable rights offer
of 17 777 778 ordinary shares (“Rights Offer Shares”) at a price of R9.00 per Rights Offer Share
in the ratio of 12.95964 Rights Offer Shares for every 100 Sygnia ordinary shares (“Ordinary
Shares”) held, whereby the Company intends to raise R160 000 000 from existing Shareholders
at the close of business on Friday, 28 July 2017 (“the Rights Offer”).
The terms of the Rights Offer have now been finalised.
2. Rights Offer Circular
The Rights Offer circular containing full particulars of the Rights Offer and accompanying form of
instruction (“the Circular”) for use by certificated Shareholders will be available on the Company’s
website from Tuesday, 25 July 2017 and posted to certificated Shareholders on 27 July 2017.
Certificated Shareholders must complete the form of instruction and lodge it with the transfer
secretaries indicating how they wish to participate in the Rights Offer.
The Circular will be distributed on Tuesday, 1 August 2017 to dematerialised Shareholders (who
have elected to receive such documents) recorded in the share register on Friday, 28 July 2017.
Dematerialised Shareholders will not receive a printed form of instruction, but will have their
accounts updated with their Rights Offer entitlement by their Central Securities Depository
Participant (“CSDP”) or broker. Holders of dematerialised Ordinary Shares are required to notify
their CSDP or broker of the action they wish to take in respect of the Rights Offer in the manner
and by the time stipulated in the agreement governing the relationship between the dematerialised
Shareholder and their CSDP or broker.
3. Important dates and times
Last day to trade in Ordinary Shares in order to settle trades by the
record date for the Rights Offer and to qualify to participate in the
Rights Offer Tuesday, 25 July 2017
Circular together with the form of instruction published on the Sygnia
website Tuesday, 25 July 2017
Listing of and trading in the letters of allocation under the JSE Code
SYGN and ISIN ZAE000242681 on the JSE and Ordinary Shares
Wednesday, 26 July 2017
commence trading ex-rights at 09:00 on
Circular posted to certificated Shareholders together with a form of
instruction Thursday, 27 July 2017
Record date for the Rights Offer Friday, 28 July 2017
Rights Offer opens at 09:00 on Monday, 31 July 2017
Certificated Shareholders will have their letters of allocation credited
to an electronic account held at the transfer secretaries at 09:00 on Monday, 31 July 2017
Qualifying Shareholders who hold dematerialised Ordinary Shares
will have their accounts at their CSDP or broker credited with their
entitlement at 9:00 on Monday, 31 July 2017
Circular posted to dematerialised Shareholders, where applicable Tuesday, 1 August 2017
Last day for trading letters of allocation on the JSE Monday, 7 August 2017
Form of instruction by certificated Shareholders wishing to sell all or
part of their entitlement to be lodged at the Transfer Secretaries by
12:00 on Monday, 7 August 2017
Listing of Rights Offer Shares and trading therein on the JSE
commences on Tuesday, 8 August 2017
Rights Offer closes at 12:00. Payment to be made and form of
instruction by certificated Shareholders wishing to renounce or
subscribe for all or part of the entitlement to be lodged at the transfer
secretaries1 by 12:00 on Friday, 11 August 2017
Record date for the letters of allocation Friday, 11 August 2017
Rights Offer Shares issued and Ordinary Share certificates posted to
certificated Shareholders on or about Monday, 14 August 2017
CSDP or broker accounts in respect of dematerialised Shareholders
will be updated with Rights Offer Shares and debited with any
payments due on Monday, 14 August 2017
Results of Rights Offer announced on SENS Monday, 14 August 2017
Results of Rights Offer announced in the South African press on Tuesday, 15 August 2017
Refunds (if any) to certificated Shareholders in respect of
unsuccessful excess applications made and share certificates posted
to certificated Shareholders in respect of successful excess applications Wednesday, 16 August 2017
Dematerialised Shareholders' accounts updated and debited by their
CSDP or broker (in respect of successful excess applications) Wednesday, 16 August 2017
Notes
1. CSDPs effect payment in respect of dematerialised Shareholders on a delivery versus payment method.
2. Shareholders may not dematerialise or rematerialise their Ordinary Shares between Wednesday, 26 July 2017, and Friday, 28 July 2017,
both dates inclusive.
3. All times are South African times.
19 July 2017
Transaction Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Legal Advisers
Webber Wentzel
Sponsor
Nedbank Corporate and Investment Banking
Date: 19/07/2017 10:00:00 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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