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Department of Public Enterprises DATE - 1 November 2015 Page 1 TELKOM IPO Presenter:Dr. M.Eugene Mokeyane To : Portfolio Committee Date : 30 October 2002
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Department of Public Enterprises DATE - 1 November 2015 Page 2 OVERVIEW Purpose: To give update since last presentation with focus upon the Public Education Campaign Government objectives Outreach programme Budget Status report Plan for Q1 2003 listing Conclusion
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Department of Public Enterprises DATE - 1 November 2015 Page 3 GOVERNMENT OBJECTIVES Commercial objectives –Optimal proceeds –Government as credible vendor in capital markets –RSA as attractive investment destination
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Department of Public Enterprises DATE - 1 November 2015 Page 4 GOVERNMENT OBJECTIVES Social objectives –Maximising participation by HDI in the Offering. –Raising the general public’s awareness and interest in capital markets. –Providing an opportunity for individuals with limited financial resources to participate in the Offer. –Ensuring skills transfers to local institutions and HDIs.
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Department of Public Enterprises DATE - 1 November 2015 Page 5 Telkom IPO Total Transactionransaction Budget( 2002/03) –Actual spending for 2001/02 : R51.5 m –Rollover request for 2002/03: R95.4 m –Budget augmented for 2002/03: R102.2 m –Total : R207.6 m for the current year
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Department of Public Enterprises DATE - 1 November 2015 Page 6 Telkom IPO transaction Budget( 2002/03) Service Provider JGCs[Joint Global Coordinators] Lawyers Public Relations Printers Transfer secretary Institutional roadshow JSE & NYSE listing fees Media & International relations
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Department of Public Enterprises DATE - 1 November 2015 Page 7 Telkom IPO transaction Budget( 2002/03) Service Provider Advertising campaign Logistics Call center Mail costs
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Department of Public Enterprises DATE - 1 November 2015 Page 8 Outreach programme Purpose –To educate general public about saving and share investments in general Strategy –to identify 12 to 38 venues per Province –Schedule presentations during weekends and evenings on weekdays –Mobilisation of communities using local structures
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Department of Public Enterprises DATE - 1 November 2015 Page 9 Outreach programme Strategy –Interactive presentations –Presentations in local languages –READ and Project Literacy making presentations –JGCs to respond to technical financial questions
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Department of Public Enterprises DATE - 1 November 2015 Page 10 Status report PUBLIC EDUCATION Planning in January 2001 Waves of Opinion Surveys Education campaign launched in first week of October 2002 Educational roadshow inaugurated in Sebokeng Roadshows ongoing Townships and rural areas targeted Television and radio ads flighted
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Department of Public Enterprises DATE - 1 November 2015 Page 11 Outreach programme Gauteng schedule to date –Outreach started in Sebokeng, followed by Sharpeville, Kagiso. –Average turnout,enthusiasm in audience
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Department of Public Enterprises DATE - 1 November 2015 Page 12 Outreach programme –Outreach programme to run until mid- December –Will reach all Provinces
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Department of Public Enterprises DATE - 1 November 2015 Page 13 Status Report Deutsche Bank and JP Morgan are the JGCs JGCs lead a consortia of other institutions Four working groups formed –Legal and documentation –Retail and marketing –Institutional Offer Structuring –Valuation
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Department of Public Enterprises DATE - 1 November 2015 Page 14 Status Report Telecommunications legislation enactment and drafting of regulations brought in the clarity needed –Carrier pre-select –COACAM –Facilities sharing –Interconnection guidelines
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Department of Public Enterprises DATE - 1 November 2015 Page 15 Status report Telkom Employee Share Scheme 2% Share allocation to employees(1997) Trust registered to administer share sale Approximately 58 000 employees stand to gain Past employees as of 31 October 1999 eligible
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Department of Public Enterprises DATE - 1 November 2015 Page 16 Status report CONFIDENTIAL FILING: SEC Confidential pre-filing with Securities and Exchange Commission(SEC) begun
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Department of Public Enterprises DATE - 1 November 2015 Page 17 Status Report REGISTRATION SEC (USA)/ JSE Presentation of Business plan by Telkom management
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Department of Public Enterprises DATE - 1 November 2015 Page 18 Plan for February 2003 listing SYNDICATE FORMATION Selection of the syndicate Syndicate analysts presentation Filing of prospectus with NYSE and JSE
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Department of Public Enterprises DATE - 1 November 2015 Page 19 Conclusion Key success factors for the listing of Telkom Approval of Telkom Business plan Appointment of syndicate Prospectus filing with NYSE and JSE
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