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The purpose of the placement and the listing are to:
- enhance investor and general public awareness of the O-line group, its activities and
specialised skills;
- raise additional working capital for the improvement of manufacturing and associated
processes;
- raise capital to grow its existing business;
- provide the Group with capital to expand the On-line brand into Africa alongside existing
partners in Angola, Namibia and Mozambique and possibly the Democratic Republic of Congo
in the future;
- have the flexibility of listed shares in order to allow the company to take advantage of potential
acquisition opportunities;
- broaden O-line’s shareholder base and to obtain the spread of shareholders required for the
listing of O-line’s ordinary shares on the Altx; and
- afford members of the investing public, clients and business associates of O-line the opportunity
to participate directly in the income stream derived by O-line, as well as in the future capital
growth of its assets.
An amount of R48 139 531, based on an offer price of 100 cents per O-line ordinary share, respectively, before share issue and listing expenses, will be raised by the company by the issue of 48 139 531 ordinary shares for cash to selected private individuals, corporations and institutions.
The proceeds of the issue will be used to grow its existing business and to fund strategic acquisitions.
Private individuals, corporations and institutions that have been invited to apply should do so by
completing the attached private placement application form in accordance with the provisions of this
Pre-listing statement and the instructions contained in the private placement form.
No offer will be made to the general public in terms of the private placement. The private placement will be made to selected applicants only.
Subject to the achievement of the required spread of public shareholders, the JSE has formally
approved the listing of 150 000 000 ordinary shares in the share capital of O-line on Altx with effect from the commencement of business on Monday, 26 November 2007. The shares will trade under the
abbreviated name “O-line Holdings”, with the share code “OLI” and ISIN ZAE000110730.
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