Derrimon Trading Company Limited – Basis of Allotment for the Additional Public Offer

• Derrimon Trading Company Limited has advised that its invitation for a subscription of 1,498,698,931 New Ordinary Shares was 2.06x oversubscribed.
• DTL previously advised of its decision to upsize by an additional 301,301,069 New Ordinary Shares (reflecting a 20.10% increase) the maximum allowable under the Prospectus.
• The Company will issue a total of 1,800,000,000 additional Ordinary Shares and take in approximately J$4.08Bn in gross proceeds to be used as described in the Prospectus to reduce indebtedness and facilitate growth through acquisitions.
• All applicants in the Key Investors Pool received the full allotment of the shares purchased. Existing shareholders or Derrimon Team members, lead broker’s clients, and the general public received a partial allotment representing 51.63%, 83.72%, and 39.15%, respectively.

(Source: JSE