ESR - Esorfranki Limited - Proposed rights offer and cautionary announcement Release Date: 25/11/2010 11:43:01 Code(s): ESR
ESR - Esorfranki Limited - Proposed rights offer and cautionary announcement
(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
("Esorfranki" or "the company")
PROPOSED RIGHTS OFFER AND CAUTIONARY ANNOUNCEMENT
The board of directors of Esorfranki propose raising approximately R200 million
by way of a fully underwritten renounceable rights offer at an issue price of
215 cents per share. The terms of the underwriting have been agreed in
principle and are in the process of being finalised.
Shareholders will be advised in due course of the salient features of the
underwriting agreement/s and the rights offer, as well as the salient dates and
documentation pertaining thereto.
Shareholders are advised to exercise caution when dealing in the company`s
securities until a further announcement relating to the proposed rights offer is
25 November 2010
Vunani Corporate Finance
Date: 25/11/2010 11:43:01 Supplied by www.sharenet.co.za
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