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4SIGHT HOLDINGS LIMITED - Announcement of final offer price in relation to the private placement

Release Date: 17/10/2017 13:59
Code(s): 4SI     PDF:  
 
Wrap Text
Announcement of final offer price in relation to the private placement

4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of Mauritius)
(Registration number: C148335 C1/GBL)
(“4Sight Holdings” or “the Company”)
ISIN Code: MU0557S00001          JSE Code: 4SI


ANNOUNCEMENT OF FINAL OFFER PRICE IN RELATION TO THE PRIVATE PLACEMENT CONTAINED IN THE
PROSPECTUS RELATING TO THE LISTING OF 4SIGHT HOLDINGS LIMITED AND CAUTIONARY ANNOUNCEMENT


The board of directors of 4Sight Holdings is pleased to announce that following the book building process
as detailed in the Company’s Prospectus issued on 21 September 2017, applications were received
between R1.80 and R2.05 and the final issue price has been set at R2.00 per share. Shareholders will be
advised of their share allocations during the course of today, Tuesday, 17 October 2017.

The Company will be issuing 56 439 475 shares at R2.00 per share, amounting to R112 878 950, taking the
issued share capital of 4Sight Holdings to 393 306 476 shares of no par value.

As a result, the Company will be immediately proceeding with the acquisitions of the following
companies, details of which will be separately announced:

-    BluESP Holdings Proprietary Limited, a long established expert in optimisation of plants for large
     mining and manufacturing entities, using intelligent algorithms and machine learning, with over 200
     reference sites of large corporates;
-    AGE Technologies Jhb Proprietary Limited, one of the largest and last remaining systems integrators
     in South Africa, with over 1 000 customers and presence in 15 countries in Africa;
-    Foursight Proprietary Limited, which holds 87% in Visualitics Proprietary Limited, 100% in Fleek
     Consulting Proprietary Limited and 100% in Casewise Proprietary Limited, all of which provide data
     analytic consulting and solutions, which will support the larger telecommunications, media and
     property solutions (Digitata) and the above mining and manufacturing group solutions.

4Sight Holdings is a public company, newly incorporated in accordance with the laws of the Republic of
Mauritius specifically for the listing.

4Sight Holdings was established as a diversified holding company with a core focus on providing decision
support technology solutions that enable, inter alia, intelligent pricing and decisions across various
industries.

During June 2017, 4Sight Holdings concluded the acquisition of the entire issued share capital of Digitata
Limited (“Digitata Mauritius”), which became the Company’s first wholly-owned subsidiary ahead of the
listing with effect from 1 July 2017. Digitata Mauritius operates mainly in the telecommunications industry,
specialising in the “Internet-of-Things”, Big Data, Machine Learning (“ML”), Artificial Intelligence (“AI”),
block-chain technology, and data science.
The growth strategy focuses on leveraging existing technology capabilities across new business vertical
applications within the group. The group currently delivers real-time dynamic pricing solutions to the
telecommunications sector, with real-time processing optimization services for the basic materials,
energy, and utilities business sectors to follow.

The above acquisitions provide the group with deep skills in data science and real-time decision-making
solutions, with large customer bases internationally and in South Africa, and the ability to enhance
solutions across customers and industries.

The Company will be listing on Thursday, 19 October 2017.

Cautionary announcement
Shareholders are advised to exercise caution in dealing in their shares until separate announcements on
the acquisitions of BluESP, AGE and Foursight have been made.

BY ORDER OF THE BOARD
Johannesburg
17 October 2017

Designated Advisor 
Arbor Capital         

Auditor and Reporting Accountants 
Nexia SAB&T             

Attorney
CDH

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