Further to the pre-listing statement dated 5 October 2015, interested investors are advised that Waco has decided to postpone its proposed private placement and listing on the JSE.
Following the investor roadshow, Waco attracted significant interest and positive feedback on the Company, its equity story and management, and the placement raised demand from a number of high quality institutional investors. However, in light of market uncertainty and industry concerns arising from the tragic collapse of the M1 bridge in Sandton yesterday, the Company has decided that it is at this time no longer appropriate to continue with the placement and listing.
The Company wishes to offer its condolences to all those who have been injured and to the relatives of the deceased.
Waco remains committed to bringing the Company to market at the appropriate time and will continue to evaluate the timing for the proposed placement and listing.
The Company and management team would like to express their gratitude to all investors who participated in the process and look forward to remaining engaged with potential investors.
Johannesburg
15 October 2015
Transaction sponsor
Rand Merchant Bank, a division of FirstRand Bank Limited
