NUTRITIONAL HOLDINGS LIMITED - Finalisation Announcement in Respect of Proposed Rights Offer to Nut Shareholders

Release Date: 16/08/2018 11:00
Code(s): NUT
 
Wrap Text
Finalisation Announcement in Respect of Proposed Rights Offer to Nut Shareholders

Nutritional Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/002282/06)
Share code: NUT
ISIN Number: ZAE000156485
(“NUT” or “the Company”)

FINALISATION   ANNOUNCEMENT   IN   RESPECT   OF   PROPOSED   RIGHTS    OFFER   TO   NUT
SHAREHOLDERS

Shareholders are referred to the announcement released by the Company on SENS
on 14 August 2018 advising shareholders that the Company intends to undertake
a renounceable rights offer to raise R10 million, before expenses (“Rights
Offer”). In terms of the Rights Offer, the Company will offer 10 billion
ordinary shares (“Rights Offer Shares”) to NUT shareholders at a subscription
price of R0.001 per Offer Share, in the ratio of 273.72002 Rights Offer
Shares for every 100 ordinary shares held, subject to shareholders being able
to apply for no less than ten Rights Offer Shares and in multiples of ten
Rights Offer Shares thereafter (“Entitlement”) on the record date of the
Rights Offer, being Friday, 24 August 2018.

Shareholders are further advised that the Company has received formal
approval for the Rights Offer circular (“Circular”) from the Issuer
Regulation Division of the JSE Limited and, accordingly, the Rights Offer
will be implemented in accordance with the salient dates and times set out
below.

                                                                               2018
Declaration announcement released on SENS                            Tuesday, 14 August
 
Finalisation announcement released on SENS                          Thursday, 16 August
 
Publication of Rights Offer Circular on the website
of NUT                                                              Thursday, 16 August
 
Last day to trade in NUT Shares in order to
participate in the Rights Offer (cum entitlement)                    Tuesday, 21 August
 
Listing of and trading in Letters of Allocation on
the JSE under the JSE code NUTN and ISIN ZAE000260279
from the commencement of trading at 9:00 on                        Wednesday, 22 August
 
NUT Shares commence trading ex-Rights on the JSE at
09:00 on                                                           Wednesday, 22 August

Circular distributed together with a Form of
Instruction distributed to Certificated Shareholders               Wednesday, 22 August

Record Date for the Rights Offer                                      Friday, 24 August

Renounceable Rights Offer opens at 09:00 on                           Monday, 27 August

Certificated Shareholders will have their Letters of
Allocation credited to an electronic account held at
the Transfer Secretaries at 09:00 on                                  Monday, 27 August

Circular, where applicable, distributed to
Qualifying Dematerialised Shareholders                                Monday, 27 August

Dematerialised Shareholders will have their accounts
at their CSDP or Broker credited with their
Entitlement at 09:00 on                                               Monday, 27 August

Last day for trading Letters of Allocation on the
JSE                                                                Tuesday, 4 September

Form of Instruction lodged by Certificated
Shareholders wishing to sell all or part of their
entitlement at the Transfer Secretaries by 12:00 on                Tuesday, 4 September

Listing of Rights Offer Shares and trading therein
on the JSE commences                                             Wednesday, 5 September
Rights Offer closes at 12:00. Payment to be made and

Form of Instruction lodged by Certificated
Shareholders wishing to subscribe for all or part of
the Entitlement at the Transfer Secretaries *by 12:00
on                                                                  Friday, 7 September

Record Date for the Letters of Allocation                           Friday, 7 September

Rights Offer Shares issued and posted to Shareholders
in certificated form (where applicable) on or about                Monday, 10 September

Rights Offer Shares not subscribed for in terms of
the Rights Offer, issued to the Subscriber on                      Monday, 10 September

CSDP or Broker accounts of Dematerialised
Shareholders updated with Rights Offer Shares and
debited with any payments due on                                   Monday, 10 September

Results of Rights Offer announced on SENS                          Monday, 10 September

Refund to the Subscriber in terms of Rights Offer
Shares taken up by Shareholders on                              Wednesday, 12 September

* CSDP effect payment in respect of Dematerialised Shareholders on a delivery versus
payment method.
Notes:
1. Unless otherwise indicated, all times indicated above and elsewhere in
   this Circular are South African times.
2. Shareholders may not dematerialise or rematerialise their Shares between
   Wednesday, 22 August 2018 and Friday, 24 August 2018, both dates
   inclusive.

RIGHTS OFFER CIRCULAR

The Circular containing full details of the Rights Offer and a Form of
Instruction in respect of a letter of allocation reflecting the Entitlement
of NUT shareholders to the Offer Shares, will be distributed to certificated
shareholders on Wednesday, 22 August 2018.

The Circular will be distributed to dematerialised shareholders on Monday,
27 August 2018.

The Circular will be available for viewing on NUT’s website at
www.nholdings.co.za from Thursday, 16 August 2018.

NUT and the Transfer Secretaries accept no responsibility and will not be
held liable for any allocation of Entitlements pursuant to payment being made
or alleged to have been made and where proof of such payment has not been
received or purported proof of such payment being insufficient or defective
for NUT together with the Transfer Secretaries, for any reason, not being
able to reconcile a payment or purported payment with a particular application
for Rights Offer Shares.

Corporate Advisor and Designated Advisor
PSG Capital

16 August 2018

Date: 16/08/2018 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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