ESOR LIMITED - Results of the Esor Rights OfferRelease Date: 20/02/2017 10:00:00 Code(s): ESR PDF(s):
Results of the Esor Rights Offer
(Incorporated in the Republic of South Africa)
(Registration number 1994/000732/06)
JSE code: ESR
RESULTS OF THE ESOR RIGHTS OFFER
Shareholders are referred to the announcements released on SENS on Friday,
20 January 2017 (“Declaration Announcement”) and Thursday, 26 January 2017
(“Finalisation Announcement”) as well as the circular dated Thursday, 2
February 2017 in respect of a fully-underwritten renounceable rights offer
of R37.54 million (“Rights Offer”) in terms of which Esor offered a total of
98 796 357 rights offer shares (“Rights Offer Shares”) at a price of 38 cents
per Rights Offer Share in the ratio of 25 Rights Offer Shares for every 100
Esor shares held on the record date for the Rights Offer, being Friday, 3
The Rights Offer closed on Friday, 17 February 2017 and was fully subscribed.
1. Results of the Rights Offer
The results of the Rights Offer, is as follows:
Number of Rand value % of Rights
Rights Offer Offer Shares
Total shares available for 98 796 357 R37 542 616 100.0%
subscription in terms of the
Rights Offer Shares subscribed 63 132 603 R23 990 389 63.9%
Rights Offer Shares taken up by 35 663 754 R13 552 227 36.1%
2. Issue and payment for Rights Offer Shares
The CSDP or broker accounts of holders of dematerialised Esor shares will be
credited with Rights Offer Shares and debited with payments due on Monday,
20 February 2017.
Rights Offer Share certificates in terms of the Rights Offer will be posted
to holders of Certificated Esor shares on or about Monday, 20 February 2017,
at their own risk.
20 February 2017
Sponsor and corporate advisor
Vunani Corporate Finance
Date: 20/02/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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