This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Southern View Finance Ltd – Market Announcement
Hamilton, Bermuda – 14 February, 2014 – In a filing with the Bermuda Stock Exchange (“BSX”), Southern View Finance Ltd. (the “Company” or “SVF”; Ticker: SVF.BH) filed the results of the private placement of Common Class B shares. The filing stated:
“RESULTS OF THE PRIVATE PLACEMENT OF COMMON CLASS B SHARES HAVING A PAR VALUE OF USD 0.0001 PER SHARE (“THE CLASS B SHARES”)
Reference is made to the pre-listing statement dated 12 February 2014, and the abridged pre-listing statement released on 12 February 2014, relating to the private placement by SVF to invited investors ("Private Placement"), of approximately 14,000,000 Class B Shares at a subscription price of ZAR8.79 per Class B Share, being the ZAR equivalent of USD0.8373 per Class B Share determined at an exchange rate of USD 1.00 : R 10.499.
Shareholders are advised that the Private Placement of Class B Shares closed at 17h00 on Thursday, 13 February 2014 and the directors of SVF are pleased to announce that the Private Placement was fully subscribed, with the Company successfully placing 14,000,000 Class B Shares for an aggregate subscription price of ZAR123,060,000, which at the exchange rate referred to above amounts to USD11,721,116.29.
Subject to the JSE’s approval, the allocated Class B Shares will be transferred to successful applicants on a “delivery-versus-payment” basis on the date of listing, being Wednesday, 19 February 2014.
The number of Class B Shares in issue subsequent to the Private Placement and listing on the JSE’s Alternative Exchange (“AltX”) are as follows:
Class B Shares in issue prior to the Private Placement 0
Class B Shares allocated in terms of the Private Placement 14,000,000
Total Class B Shares in issue subsequent to the Private
Placement and listing on AltX 14,000,000
Accordingly and subject to the JSE’s approval, 14,000,000 Class B Shares in the Company will be listed on the JSE’s AltX with abbreviated name "SVFB", JSE share code SVFB and ISIN code BMG 829251195, with effect from commencement of trade on Wednesday, 19 February 2014.
SVF has a primary listing on the BSX and a secondary listing on AltX. The Company’s Class B shares were listed on the Bermuda Stock Exchange on 22 January 2014."
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Bermuda Listing Sponsor:
Global Custody & Clearing Ltd.
Mr. Grant Hopkins
Tel: (441) 294-7039
JSE Sponsor: Bravura Equity Services (Proprietary) Limited