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TASTE HOLDINGS LIMITED - Finalisation Announcement in Respect of the Taste Fully Committed Rights Offer

Release Date: 04/01/2018 15:10
Code(s): TAS     PDF:  
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Finalisation Announcement in Respect of the Taste Fully Committed Rights 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”)

FINALISATION ANNOUNCEMENT IN RESPECT OF THE TASTE FULLY COMMITTED RIGHTS
OFFER

1.   INTRODUCTION

     Shareholders are referred to the announcement released on SENS on 19 December 2017 (“Declaration
     Announcement”) wherein shareholders were advised that Taste intends to raise up to R398 000 000.70
     by way of a fully committed renounceable rights offer (“Rights Offer”), in terms of which Taste will offer a
     total of 442 222 223 authorised but unissued ordinary shares of no par value (“Rights Offer Shares”) at
     a subscription price of 90 cents per Rights Offer Share in the ratio of 96.28624 Rights Offer Shares for
     every 100 Taste shares held by shareholders at the close of business on the record date for the Rights
     Offer, being Friday, 12 January 2018.

2.   RIGHTS OFFER CIRCULAR

     Shareholders are advised that Taste has received formal approval of the Rights Offer circular from the
     Issuer Regulation Division of the JSE Limited and accordingly, the Rights Offer can now be
     implemented in accordance with the salient dates and times as set out in the Rights Offer circular and
     the Declaration Announcement.

     The Rights Offer circular and accompanying Form of Instruction for use by certificated shareholders
     only, containing full particulars of the Rights Offer, will be posted on Tuesday, 9 January 2018 to
     certificated shareholders recorded in the share register on Friday, 29 December 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 Rights Offer circular, containing full particulars of the Rights Offer, will be distributed on Tuesday,
     16 January 2018 to dematerialised shareholders (who have elected to receive such documents)
     recorded in the share register on Friday, 5 January 2018. 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 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 his/her CSDP or broker.

     The Rights Offer circular will be made available on the Company’s website, www.tasteholdings.co.za,
     by close of business on Tuesday, 9 January 2018.


Johannesburg
4 January 2018

Sponsor and Corporate Advisor
Merchantec Capital

Legal Advisor to Taste
PricewaterhouseCoopers Legal Proprietary Limited

Legal Advisor to RVF
Bowman Gilfillan Inc.

Date: 04/01/2018 03:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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