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EPE CAPITAL PARTNERS LIMITED - Confirmation of the fully committed and underwritten Ethos Capital renounceable rights offer

Release Date: 21/01/2020 11:16
Code(s): EPE     PDF:  
Wrap Text
Confirmation of the fully committed and underwritten Ethos Capital renounceable rights offer

EPE CAPITAL PARTNERS LTD
(Incorporated in the Republic of Mauritius)
(Registration number: C138883 C1/GBL)
ISIN: MU0522S00005
Share Code: EPE
(“Ethos Capital” or “the Company”)
_________________________________________________________________________________

CONFIRMATION OF THE FULLY COMMITTED AND UNDERWRITTEN ETHOS CAPITAL
RENOUNCEABLE RIGHTS OFFER
_________________________________________________________________________________

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN AND ANY OTHER
TERRITORY WHERE THE EXTENSION OR MAKING OF THE RIGHTS OFFER WOULD BE
UNLAWFUL OR IN CONTRAVENTION OF CERTAIN LAWS OR REGULATIONS. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE
UNITED STATES OR ANY OTHER JURISDICTION.

Ethos Capital shareholders are referred to the declaration and finalisation announcement released by
Brait SE (“Brait”) on the Stock Exchange News Service (“SENS”) of the JSE Limited today, Tuesday, 21
January 2020, wherein Brait shareholders were advised that Brait has received all necessary approvals
to raise up to ZAR5,600 million through an equity raise (“Brait Equity Raise”), which will be
implemented via a fully committed and underwritten, renounceable rights offer (“Brait Rights Offer”)
to raise in aggregate ZAR5,250 million and a potential non-pre-emptive specific issue of fully paid ordinary shares
of up to ZAR350 million. The Brait Rights Offer is now unconditional and will be priced at R6.60 per
Brait Rights Offer share.

Shareholders are consequently advised that the Ethos Capital rights offer will proceed and Ethos
Capital’s effective in-price from its investment in the Brait Equity Raise is R7.99 per Brait Rights Offer
share.

The salient dates and times of the Ethos Capital rights offer remain unchanged from those published
on SENS on Tuesday, 14 January 2020.

The Ethos Capital rights offer circular will be made available on Ethos Capital’s website,
https://ethoscapital.mu/investors/reports-results/, from 12:00 (SAST) today, and will be posted to
qualifying shareholders on Thursday, 23 January 2020 (to the extent applicable).

Ebène, Mauritius (with simultaneous circulation in Johannesburg)

21 January 2020

Sponsor to EPE Capital Partners Ltd
Rand Merchant Bank (A division of FirstRand
Bank Limited)

Legal advisor to EPE Capital Partners Ltd and
Ethos Fund VII as to South African law
Webber Wentzel

Legal advisor to EPE Capital Partners Ltd as to
Mauritian law
YKJ Legal

Financial advisor to EPE Capital Partners Ltd
Rothschild and Co South Africa (Pty) Ltd

Important Notice

The information contained herein is not for release, publication or distribution, directly or indirectly, in or
into the United States, its territories or possessions, Canada, Australia, Japan, Hong Kong or any other
jurisdiction in which the distribution or release would be unlawful. These materials are not and do not
contain an offer of securities for sale or a solicitation of an offer to purchase or subscribe for securities
in any jurisdiction, including the United States, Australia, Canada, Japan, Hong Kong or any other state
or jurisdiction in which such release, publication or distribution would be unlawful. The securities to
which these materials relate (the “Securities”) have not been, and will not be, registered under the U.S.
Securities Act of 1933 (the “Securities Act”), and may not be offered, sold, taken up, exercised, resold,
renounced, transferred or delivered, directly or indirectly, within the United States unless registered
under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, registration
under the Securities Act. There will be no public offer of the Securities in the United States. Subject to
certain exceptions, the Securities may not be offered or sold in Australia, Canada, Japan, Hong Kong
or any other jurisdiction in which it would be unlawful to do so or to, or for the account or benefit of, any
national, resident or citizen of such countries.

This announcement is only being distributed to and is only directed at: (i) persons who are outside the
United Kingdom; or (ii) investment professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); or (iii) high net worth
entities falling within Article 49(2)(a) to (d) of the Order; or (iv) persons to whom it may otherwise lawfully
be communicated (all such persons together being referred to as “Relevant Persons”). The Ethos
Capital Rights Offer shares are only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such Ethos Capital Rights Offer shares will be engaged in only with,
Relevant Persons. Any person who is not a Relevant Person should not act or rely on this
announcement or any of its contents.

In any member state of the European Economic Area (other than the United Kingdom) that has
implemented Regulation (EU) 2017/1129 (the “Prospectus Regulation”), this announcement is only
addressed to and is only directed at qualified investors in that member state within the meaning of the
Prospectus Regulation.

Date: 21-01-2020 11:16:00
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.

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