Wrap Text
Finalisation Announcement
RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
Share code: REN
ISIN: ZAE000202610
(“Renergen” or “the Company”)
FINALISATION ANNOUNCEMENT IN RESPECT OF A FULLY UNDERWRITTEN RIGHTS OFFER
TO RENERGEN SHAREHOLDERS
Shareholders are referred to the announcement released by the Company on SENS on 6 November
2018 advising shareholders that the Company intends to undertake a fully underwritten renounceable
rights offer to raise R125 million, before expenses (“Rights Offer”). In terms of the Rights Offer, the
Company will offer 16 666 667 ordinary shares (“Rights Offer Shares”) to Renergen shareholders at a
subscription price of R7.50 per Offer Share, in the ratio of 19.96747 Rights Offer Shares for every 100
ordinary shares held, on the record date of the Rights Offer, being Friday, 16 November 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
Tuesday, 6 November
Declaration announcement released on SENS
Thursday, 8 November
Finalisation announcement released on SENS
Publication of the Rights Offer Circular on the website of
Monday, 12 November
Renergen
Last day to trade in Ordinary Shares in order to participate in
Tuesday, 13 November
the Rights Offer (cum entitlement)
Listing of and trading in the Letters of Allocation under the
JSE Code RENN and ISIN ZAE000264503 on the JSE
Wednesday, 14 November
commences at 09:00 on
Ordinary Shares commence trading ex-Rights on the JSE at
Wednesday, 14 November
09:00 on
Rights Offer Circular and Form of Instruction distributed to
Thursday, 15 November
Certificated Shareholders
Record Date for determination of Shareholders entitled to
Friday, 16 November
participate in the Rights Offer (Initial Record Date)
Monday, 19 November
Rights Offer opens at 09:00 on
Certificated Shareholders will have their Letters of Allocation
credited to an electronic account held at the Transfer
Monday, 19 November
Secretaries at 9:00
Dematerialised Shareholders will have their accounts at
Monday, 19 November
their CSDP or Broker credited with their entitlement at 9:00
Circular, where applicable, distributed to Qualifying
Tuesday, 20 November
Dematerialised Shareholders
Tuesday, 27 November
Last day for trading Letters of Allocation on the JSE
Form of Instruction lodged by Certificated Shareholders
wishing to sell all or part of their entitlement at the Transfer
Tuesday, 27 November
Secretaries by 12:00
Listing of Rights Offer Shares and trading therein on the
Wednesday, 28 November
JSE commences
Rights Offer closes at 12:00. Payment to be made and Form
of Instruction lodged by Certificated Shareholders wishing to
renounce or subscribe for all or part of the entitlement at the
Friday, 30 November
Transfer Secretaries* on
Friday, 30 November
Record Date for the Letters of Allocation (Final Record Date)
Rights Offer Shares issued and posted to Shareholders in
Monday, 3 December
certificated form (where applicable) on or about
CSDP or Broker accounts in respect of Dematerialised
Shareholders will be updated with Rights Offer shares and
Monday, 3 December
debited with any payments due on
In respect of Qualifying Certificated shareholders (or their
renounces), Share certificates in respect of Rights Offer
Monday, 3 December
Shares posted on or about
Monday, 3 December
Results of Rights Offer announced on SENS
* CSDPs effect payment in respect of Dematerialised Shareholders on a delivery versus payment
method.
Notes:
1. Unless otherwise indicated, all times are South African times.
2. Shareholders may not dematerialise or rematerialise their Ordinary Shares between Wednesday,
14 November 2018 and Friday, 16 November 2018, both dates inclusive.
3. Any amendments to the above dates and times will be announced on SENS.
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 Renergen shareholders to the Offer Shares, will be distributed to
certificated shareholders on Thursday, 15 November 2018.
The Circular will be distributed to dematerialised shareholders on Tuesday, 20 November 2018.
The Circular will be available for viewing on Renergen’s website at www.renergen.co.za from Monday,
12 November 2018.
Renergen 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 Renergen 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.
FRACTIONAL ENTITLEMENT
The whole number of Rights to subscribe for Rights Offer Shares to which Qualifying Shareholders will
become entitled will be determined by the Ratio of Entitlement. Only whole numbers of Ordinary Shares
will be issued and Shareholders will be entitled to subscribe for rounded numbers of Ordinary Shares
once the Ratio of Entitlement has been applied. Fractional entitlements of 0.5 or greater will be rounded
up and less than 0.5 will be rounded down.
Johannesburg
8 November 2018
Corporate and Designated Adviser
PSG Capital
Date: 08/11/2018 11:13:00 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
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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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