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STADIO HOLDINGS LIMITED - Private Placement Issue Price

Release Date: 14/11/2017 15:00
Code(s): SDO     PDF:  
Wrap Text
Private Placement Issue Price

STADIO HOLDINGS LIMITED
(Previously Embury Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa)
Registration number: 2016/371398/06
JSE share code: SDO
ISIN ZAE000248662
(“STADIO”)

PRIVATE PLACEMENT ISSUE PRICE

Shareholders are referred to the SENS announcement released by STADIO
on 30 October 2017, in which it was announced that STADIO intends to
raise up to approximately R200 million through a private placement
(“Private Placement”) by way of an offer to Brimstone Investment
Corporation Limited and Black Persons (being natural persons defined as
Black People in the B-BBEE Act and the B-BBEE Codes) that are invited
to subscribe (“Invited Investors”) for approximately 67 000 000 to
80 000 000 (but no more than 87 000 000) STADIO Shares (“Private
Placement Shares”).

Details of STADIO and the Private Placement appear in the prospectus
which was published by STADIO on 30 October 2017 (“Prospectus”), which
remains available on STADIO’s website (www.stadio.co.za).

As stated in the announcement and the Prospectus, the Private Placement
Shares will be issued at a price per Private Placement Share being the
lower of R2.96 and the volume weighted average price of a STADIO Share
for the 30 trading day period after 3 October 2017, being the date on
which STADIO was listed on the JSE, less a 20% discount (“Discounted
Trading Price”), which will be advised by PSG Capital to Invited
Investors and will be announced on SENS (“Private Placement Issue
Price”).

STADIO accordingly herewith confirms that the final Private Placement
Issue Price per Private Placement Share will be R2.96 (as it is lower
than the Discounted Trading Price).

Should you have any specific queries with regards to the Private
Placement, you are welcome to contact Willie Honeyball on
willieh@psgcapital.com or 021-887-9602 / 071-173-4729; or Johannes Human
on johannesh@psgcapital.com or 021-887-9602 / 074-894-7189.

Durbanville
14 November 2017

Transaction Advisor, Sole Bookrunner and Sponsor: PSG Capital
Proprietary Limited

Date: 14/11/2017 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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