Sharenet Sites 
Sharenet Sites
General Issue Of Shares For Cash
AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000223194
(“Afdawn” or “the Company”)
GENERAL ISSUE OF SHARES FOR CASH
Shareholders are referred to the announcement published on SENS on 9 June 2020, advising
the market that the Company entered into a binding term sheet with Caleo Private Equity
Proprietary Limited (“Caleo”), in terms of which Caleo will provide long-term funding to Elite
Group Proprietary Limited, Afdawn’s subsidiary that provides personal loans to the mass
market (“Term Sheet”).
Pursuant to the Term Sheet, on 17 July 2020, Afdawn duly issued 4 936 924 ordinary shares
to Caleo, at an issue price of 14 cents per share (“the Issued Shares”), being a 10% discount
to the 30-day volume weighted average traded price of Afdawn shares at the close of business
on 4 June 2020, the day before the issue was agreed to in writing (“the Issue”), in settlement
of the capital raising fees due to Caleo. The Issued Shares comprise 9.69% of the issued
share capital of Afdawn post the Issue.
The Issue was made in accordance with the general authority to issue shares obtained from
shareholders at the Company’s annual general meeting held on 7 August 2019.
Johannesburg
3 September 2020
Designated Adviser
PSG Capital
Date: 03-09-2020 10:00:00
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.
