The Board of Directors of Mayberry Investments Limited has announced that the Company will be making an irrevocable Rights Issue of 12% Redeemable Cumulative Preference Shares to shareholders on record as of Friday 19 October, 2007. Pursuant to the Rights Issue, the Company proposes to provisionally allot 120,114,929 12% Redeemable Cumulative Preference Shares on the basis of one Preference Share for every ten ordinary shares held by a stockholder on the Record Date. The Preference Shares will be offered for subscription at J$3.00 per share and will pay a fixed cumulative dividend of 12% per annum payable monthly on the 25th day of each month commencing on November 25, 2007.
The timetable for the Rights Issue is as follows:
The timetable for the Rights Issue is as follows:
The timetable for the Rights Issue is as follows:
Ex-Rights Date 17 October 2007
Record Date 19 October 2007
Posting of Circular to shareholders 22 October 2007
Latest date for acceptance of provisionally 6 November 2007
allotted and/or renounced Rights
Latest date for application for Preference 6 November 2007
Shares in the Excess Share Pool
Rights Issue closes 6 November 2007
Completion of allotment and dispatch of 9 November 2007
refund cheques
Preference Shares begin to trade on JSE 16 November2007
