RAINBOW ANNOUNCE RESULTS OF RIGHTS OFFER
Rainbow shareholders are referred to the announcements released on SENS on 6 December 2012 and 25 January 2013, as well as the circular to RCL shareholders issued on 11 February 2013, detailing Rainbow”s intention to raise ZAR3.9 billion in new equity capital by way of a renounceable rights offer of 276 964 802 new RCL ordinary shares (“Rights Offer Shares”) in the ratio of 80 Rights Offer Shares for every 100 RCL ordinary shares held on Friday, 8 February 2013 (the “Record Date”), at a subscription price of R14.20 per Rights Offer Share (the “Rights Offer”). The Rights Offer was fully underwritten by Remgro Ltd., through its wholly-owned subsidiary, Industrial Partnership Investments (Pty) Ltd. (the “Underwriter”).
Results of the Rights Offer
The Rights Offer closed at 12h00 on Friday, 1 March 2013 and RCL has successfully raised the full ZAR3.9 billion. The results of the Rights Offer are contained in the table below:
Number of Rights Offer Shares & % of Rights Offer Shares
* Rights Offer Shares available for subscription: 276 964 802 & 100
* Rights Offer Shares subscribed for: 230 503 830 & 83.2
* Rights Offer Shares allocated to the Underwriter pursuant to the underwriting: 46 460 972 & 16.8
Issue of Rights Offer Shares
Certificated Rainbow shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have new share certificates in respect of the Rights Offer Shares to which they are entitled posted to them, at their own risk, on Monday, 4 March 2013. Dematerialised Rainbow shareholders registered as such on the Record Date (or their renouncees), who validly subscribed for Rights Offer Shares, will have their accounts at their CSDP or broker updated with the Rights Offer Shares to which they are entitled on Monday, 4 March 2013.