RENERGEN LIMITED - Finalisation Announcement

Release Date: 08/11/2018 11:13
Code(s): REN
 
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'). 
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