BASIL READ HOLDINGS LIMITED - Finalisation Data Announcement

Finalisation Data Announcement

BASIL READ HOLDINGS LIMITED

Incorporated in the Republic of South Africa

(Registration number 1984/007758/06)

(Basil Read or the Company)

ISIN: ZAE000029781

Share code: BSR


NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF
AMERICA OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT

FINALISATION DATA ANNOUNCEMENT OF THE BASIL READ PARTIALLY UNDERWRITTEN
RENOUNCEABLE RIGHTS OFFER

Basil Read shareholders (“Shareholders”) are referred to the declaration announcement
released on the Stock Exchange News Service (“SENS”) of the JSE Limited (“JSE”) on
Monday, 29 January 2018 wherein Shareholders were advised of Basil Read’s intention to
raise R300 million (excluding the R19 094.22 proceeds from the rights attached to Basil
Read’s treasury shares) by way of a partially underwritten renounceable rights offer (“Rights
Offer”) of approximately 1 363 636 364 Rights Offer shares (“Rights Offer Shares”) at a price
of R0.22 per Rights Offer Share (“Rights Offer Issue Price”), in the ratio of 1 035.45602 Rights
Offer Shares for every 100 existing Basil Read ordinary shares (“Basil Read Shares”) held on
the initial record date for the Rights Offer, being Friday, 9 February 2018.


Shareholders are advised that the Company has now received all necessary approvals and
the Rights Offer is unconditional and accordingly the Rights Offer may now be implemented.


The salient dates and times of the Rights Offer will be the same as those published in the
declaration announcement released on SENS on Monday, 29 January 2018. Shareholders
may commence trading the Rights Offer Shares on Thursday, 22 February 2018 and trading
the letters of allocation on the JSE on Wednesday, 7 February 2018.


Further details of the Rights Offer will be set out in a circular dealing with the Rights Offer
(“Rights Offer Circular”) which is expected to be distributed to certificated Shareholders on
Thursday, 8 February 2018 and to dematerialised shareholders on Tuesday, 13 February
2018.

The Rights Offer Circular will be made available on the Company’s website
www.basilread.co.za on Monday, 5 February 2018 and the current Rights Offer cautionary will
be withdrawn on Monday, 5 February 2018.


Johannesburg
31 January 2018


Company Secretary
A Ndoni


Corporate Advisor and Transaction Sponsor
Tamela Holdings Proprietary Limited


Legal Adviser
Tugendhaft Wapnick Banchetti & Partners

Date: 31/01/2018 07:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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