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ITALTILE LIMITED - Results of the Italtile Partially Underwritten Rights Offer

Release Date: 27/11/2017 16:30
Code(s): ITE     PDF:  
Wrap Text
Results of the Italtile Partially Underwritten Rights Offer

ITALTILE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Company”)
_______________________________________________________________________________________

RESULTS OF THE ITALTILE PARTIALLY UNDERWRITTEN RIGHTS OFFER
_______________________________________________________________________________________

Shareholders are referred to the announcements released on SENS on 23 October 2017 and
2 November 2017 and the circular dated 6 November 2017 (and using the terms defined therein unless
otherwise stated) wherein shareholders were advised that Italtile intended to raise up to R1.59 billion from its
Shareholders by way of a partially underwritten renounceable Rights Offer, in terms of which Italtile offered a
total of 260 539 178 new Shares at a subscription price of R11.57 per Rights Offer Share in the ratio of 22
Rights Offer Shares for every 100 Shares held in Italtile at the close of business on the Record Date for the
Rights Offer, being Friday, 10 November 2017.

Shareholders are advised that following the close of the Rights Offer on Friday, 24 November 2017,
135 985 156 Rights Offer Shares were subscribed for, equivalent to 98.92% of the 137 473 296 Rights Offer
Shares that could have been subscribed for as set out in the Circular. Of the total that could have been
subscribed for, 8 643 044 Rights Offer Shares will be allocated to the Underwriters in terms of the
Underwriting Agreements.

Rights Offer Share certificates in terms of the Rights Offer will be posted to holders of Certificated Shares
on or about Monday, 27 November 2017.

The CSDP or broker accounts of holders of Dematerialised Shares will be credited with Rights Offer Shares
and debited with payments due on Monday, 27 November 2017.


Johannesburg
27 November 2017

Sponsor and Corporate Advisor
Merchantec Capital

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