Results of the Rights Offer
Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
(“SepHold” or "the Company")
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG, JAPAN AND ANY OTHER JURISDICTION WHERE THE EXTENSION OR MAKING OF THE RIGHTS OFFER WOULD
BE UNLAWFUL OR IN CONTRAVENTION OF APPLICABLE LAW. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF
SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.
RESULTS OF THE RIGHTS OFFER
Shareholders are referred to the circular distributed to shareholders dated 27 January 2020 and the
announcement released by the Company on SENS on 23 January 2020, wherein the Company
announced its intention to raise up to ZAR37.5 million by way of a partially underwritten, renounceable
rights offer (the “Rights Offer”).
The Rights Offer closed at 12h00 on Friday, 14 February 2020, and the board of directors of SepHold
hereby announces that 43% of the Rights Offer Shares were subscribed for.
The results of the Rights Offer are set out in the table below:
Number of Rand value % of Rights
Rights Offer Offer Shares
Total shares available for subscription in 46 270 261 R37 478 911 100%
terms of the Rights Offer (“Rights Offer
Rights Offer Shares subscribed for by 20 081 844 R16 266 294 43%
Excess applications for Rights Offer 1 858 852 R1 505 670 4%
Number of Rights Offer Shares allocated 24 329 565 R19 706 948 53%
to the underwriter in terms of the
Following the issue of the Rights Offer Shares, the number of Sephaku shares in issue will be 254 486 436.
Issue of Rights Offer Shares
The Central Securities Depository Participant (“CSDP”) or broker accounts of dematerialised
shareholders who have followed their rights and/or applied for excess Rights Offer Shares in terms of
the Rights Offer will be credited with their Rights Offer Shares and debited with any payments due on
or about Monday, 17 February 2020 or Wednesday, 19 February 2020, respectively.
Any Share certificates issued relating to the Rights Offer Shares or in respect of excess Rights Offer
Shares applied for will be posted by registered post at their own risk to certificated shareholders on or
about Monday, 17 February 2020 or Wednesday, 19 February 2020, respectively.
17 February 2020
Enquiries contact: Sakhile Ndlovu Sephaku Holdings Investor Relations 012 612 0210
Sponsor to Sephaku Holdings: Questco Corporate Advisory (Pty) Ltd
About Sephaku Holdings Limited
Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio
of investments in the cement sector in South Africa. The company’s core investments are a 36% stake
in Dangote Cement South Africa (Pty) Ltd (Sephaku Cement) and 100% in Métier Mixed Concrete (Pty)
Ltd. The strategy of SepHold is to generate growth and realise value for shareholders through the
production of cement and ready mixed concrete in Southern Africa.
Date: 17-02-2020 10:34:00
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