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Posting of combined offer circular to Torre shareholders
Stellar Capital Partners Limited Torre Industries Limited
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06) (Registration number 2012/144604/06)
Share code: SCP Share Code: TOR
ISIN: ZAE000198586 ISIN: ZAE000188629
("Stellar") (“Torre”)
POSTING OF COMBINED OFFER CIRCULAR TO TORRE SHAREHOLDERS
1 INTRODUCTION
Shareholders are referred to the joint announcement released on the Stock Exchange News
Service (“SENS”) on 23 June 2016 in which they were advised that Stellar had increased its
shareholding in Torre from 33.86% to 35.46%, pursuant to which Stellar is obliged to make a
mandatory offer to all Torre shareholders to acquire all of the ordinary shares of Torre that
Stellar does not already own (“Offer”).
2 POSTING OF COMBINED OFFER CIRCULAR
Further to the joint announcement released on SENS on 21 July 2016, regarding an extension
granted by the Takeover Regulation Panel for the posting of the combined Offer circular
(“Circular”), shareholders are advised that the Circular to Torre shareholders, containing full
details of the Offer, has been posted today, 27 July 2016.
The Circular can also be accessed on the website of Torre, www.torreindustries.com, as well as
on that of Stellar, www.stellarcapitalpartners.co.za.
3 SALIENT DATES
The salient dates pertaining to the Offer, also contained in the Circular, are set out in the table
below.
Item 2016
Opening date of the Offer Thursday, 28 July
Offer becomes wholly unconditional and announcement thereof on
SENS (in the press the following usiness day) on Friday, 30 September
Announcement of amendment of the closing date of the Offer, if
applicable Monday, 3 October
Last day to trade in Torre shares in order to be eligible to accept the
Offer Tuesday, 4 October
Torre Shares trade ex the entitlement to accept the Offer Wednesday, 5 October
Record date to determine which shareholders are eligible to accept
the Offer Friday, 7 October
Closing date of the Offer at 12:00 on Friday, 7 October
Date of discharge of the Offer consideration Monday, 10 October
Results of the Offer to be announced on SENS Monday, 10 October
Results of the Offer to be published in the press Tuesday, 11 October
Note: The above dates are subject to change in the event that approval from Competition
Authorities is required, which will be determined following determination of acceptances of the
Offer. Any changes to the salient dates will be announced on SENS.
27 July 2016
Financial adviser and sponsor to Stellar
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Sponsor to Torre
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/07/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
