When the share offer was launched in September 2006, it was three times subscribed with approximately 107 000 applications received for 14,6 million Welkom Yizani ordinary shares. As a general rule, applicants who applied for more than 430 Welkom Yizani ordinary shares received at least 430 Welkom Yizani ordinary shares, with 85% of the applicants receiving the full number of shares they applied for. These South Africans are now Welkom Yizani shareholders who own a 15% stake in Media24 Holdings.
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