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Finalisation Announcement in Respect of the SOH Non-Renounceable Rights Offer
SOUTH OCEAN HOLDINGS LIMITED
(“SOH” of the “Company”)
(Incorporated in the Republic of South Africa)
(Registration number: 2007/002381/06)
Share Code: SOH
ISIN: ZAE0000092748
FINALISATION ANNOUNCEMENT IN RESPECT OF THE SOH NON-RENOUNCEABLE RIGHTS OFFER
INTRODUCTION
SOH Shareholders (“Shareholders”) are referred to the announcement released on the Stock
Exchange News Services (“SENS”) of the JSE Limited on 10 April 2018, wherein Shareholders
were advised that SOH has resolved to pursue a non-renounceable, underwritten rights offer
of 46 898 000 ordinary shares (“Rights Offer Shares”) at a price of R0.42 per share, in the ratio
of 29.99000 Rights Offer Shares for every 100 ordinary shares. The Company intends to raise
R19 697 160 from existing shareholders (the “Rights Offer”).
RIGHTS OFFER CIRCULAR
The Rights Offer circular containing full particulars of the Rights Offer and accompanying
form of instruction (“the Circular”) for use by certificated Shareholders will be available on
the Company’s website from Friday, 13 April 2018 and e-mailed or posted to certificated
Shareholders on Thursday, 19 April 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.
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 Ordinary 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 their CSDP or broker.
IMPORTANT DATES AND TIMES
2018
Declaration announcement released on SENS on
Tuesday, 10 April
Finalisation announcement released on SENS on
Thursday, 12 April
Circular together with the Form of Instruction published on the
South Ocean website Friday, 13 April
Last day to trade in South Ocean Holdings ordinary shares in order
to qualify to participate in the Rights Offer (cum Rights) on Tuesday, 17 April
Listing of Letters of Allocation on the JSE under the JSE code SOHN
and ISIN ZAE000257143 and immediate suspension thereof from the Wednesday, 18 April
commencement of trading at 9:00 on
2018
South Ocean Holdings shares commence trading ex- Rights on the
JSE at the commencement of trading on Wednesday, 18 April
Rights Offer circular and Form of Instruction e-mailed or posted to
Thursday, 19 April
certificated shareholders on
Record date for participation in the Rights Offer at the close of trade Friday, 20 April
on
Non-Renounceable Rights Offer opens at the commencement of
Monday, 23 April
trading at 09:00 on
Qualifying certificated and dematerialised shareholders, letters of
Monday, 23 April
allocation credited at 09h00 on
Last day to trade* in respect of take-up (*no trading is permitted in
LA, processing purposes only) Monday, 23 April
Record date for take-up, Rights offer closes – payment to be made
by certificated shareholders by 12:00 (see note 1) Thursday, 26 April
Dematerialised shareholders’ accounts updated with Rights Offer
Shares to the extent accepted and debited with the relevant costs
by their CSDP or broker and new SOH share certificates posted to Monday, 30 April
certificated shareholders (see note 1) on
Listing of shares at commencement of business on
Monday, 30 April
Results of Rights Offer announcement released on SENS on or about
Monday, 30 April
Notes:
1. All dates and times are local dates and times in South Africa. The above dates and times
are subject to change. Any changes will be released on SENS and published in the Press.
2. Share certificates may not be Dematerialised or re-materialised between Wednesday,
18 April 2018 and Friday, 20 April 2018, both days inclusive.
3. Dematerialised Shareholders will have their accounts at their CSDP or Broker credited with
the Rights Offer Shares to the extent to which they have accepted the Rights Offer. Share
certificates will be posted, by registered post at the Shareholder’s risk, to Certificated
Shareholders to the extent to which they have accepted the Rights Offer.
4. CSDPs effect payment in respect of Dematerialised Shareholders on a delivery-versus-
payment method.
By order of the Board
Johannesburg
12 April 2018
Sponsor
Arbor Capital Sponsors Proprietary Limited
Date: 12/04/2018 11:06:00 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.
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