R&E shareholders are hereby advised of the results of the odd-lot and specific offers, both of which closed on Friday, 30 September 2011.
The results of the odd-lot offer are as follows:
|
Shares sold by election |
Shares sold by default |
Total |
|
| Certificated |
63 |
13 943 |
14 006 |
| Dematerialised |
14 964 |
2 001 |
16 965 |
| Total |
15 027 |
15 944 |
30 971 |
Odd-lot shareholders who did not elect to retain their ordinary shares were automatically regarded as having chosen and accepted the odd-lot offer.
The results of the specific offer are as follows:
| Number of shares accepting the offer: | |
| Certificated | 1 688 |
| Dematerialised | 195 404 |
| Total | 197 092 |
Accordingly, R&E repurchased a total of 228 063 ordinary shares, representing 0.30% of the issued capital of the Company for a total consideration of R604 366.95. These ordinary shares will be cancelled and de-listed from the JSE Limited with effect from the commencement of trade on Friday, 07 October 2011.
Johannesburg
03 October 2011
Sponsor
PSG Capital (Pty) Limited