CIG shareholders (“Shareholders”) are referred to the circular (“Circular”) dated Tuesday, 8 November 2016 relating to the fully-underwritten renounceable rights offer of R750 million (“Rights Offer”).
The Rights Offer consisted of an offer of 38 860 102 CIG shares (“Rights Offer Shares”) in the ratio of 23.80682 Rights Offer Shares for every 100 ordinary shares held on the record date of the Rights Offer, at a subscription price of R19.30 per Rights Offer Share. The excess applications applied for will be allocated equitably, taking cognisance of the number of CIG shares and rights held by each Shareholder immediately prior to such allocation, including those taken up as a result of the Rights Offer, and the number of excess shares applied for by such Shareholder.
Share certificates will be posted to certificated Shareholders, who followed their rights, on Monday, 28 November 2016. Dematerialised Shareholders who have subscribed for Rights Offer Shares will have their accounts debited and updated by their CSDP or broker on Monday, 28 November 2016. Share certificates will be posted to certificated Shareholders who have applied for excess Rights Offer Shares on Wednesday, 30 November 2016, and Dematerialised Shareholders who applied for excess Rights Offer Shares will have the excess Shares allocated to them and credited to their accounts by their CSDP or broker on Wednesday, 30 November 2016.
Refund payments in respect of unsuccessful applications will be made to the relevant applicants on or about Wednesday, 30 November 2016. No interest will be paid on monies received in respect of unsuccessful applications. Following the conclusion of the Rights Offer, the total issued Share capital of the Company will increase to 202 091 069 Shares. The 38 860 102 new Shares were listed on the JSE on Wednesday, 23 November 2016. Financial Advisor, Transaction Sponsor and Underwriter to the Rights Offer Investec Bank Ltd.