STADIO HOLDINGS LIMITED - Results Of Black Economic Empowerment Private Placement By Stadio

Results Of Black Economic Empowerment Private Placement By Stadio

STADIO HOLDINGS LIMITED
(Previously known as Embury Holdings Proprietary Limited)
(Incorporated in the Republic of South Africa
Registration number 2016/371398/06)
Share Code: SDO, ISIN ZAE000248662
("STADIO")

RESULTS OF BLACK ECONOMIC EMPOWERMENT (“BEE”) PRIVATE PLACEMENT BY
STADIO

STADIO is pleased to announce that it has received very strong demand
in its capital raise, with the book being well oversubscribed. STADIO
successfully raised R200 million, being the maximum amount sought to
be raised in terms of the private placement (“Private Placement”),
which closed on Monday, 27 November 2017, from new black investors
and from Brimstone. The new black investors (collectively) and
Brimstone each contributed R100 million in terms of the Private
Placement.

In terms of the Private Placement, a total of 67 567 568 new shares
will be issued at a price of R2.96 per share (“Private Placement
Shares”). The capital raised in terms of the Private Placement will
be used to fund the acquisition of land and the development of existing
campuses to facilitate growth, for working capital purposes and to
build up the capital resources for future opportunities.

Subject to the approval of the JSE being obtained, the Private
Placement Shares will be issued and listed at 09:00 on Monday, 4
December 2017. Following the issue of the Private Placement Shares,
STADIO will have a total of 785 930 219 ordinary shares in issue.

STADIO wishes to welcome and thank the hundreds of new BEE shareholders
for participating in this STADIO BEE initiative. STADIO appreciates
your support.

29 November 2017
Cape Town

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

Date: 29/11/2017 05:00:00 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.