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Odd-lot offer price and finalisation announcement
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028320
("Cashbuild" or the "Company")
ODD-LOT OFFER PRICE AND FINALISATION ANNOUNCEMENT
1. Results of General Meeting
Unless otherwise defined, the definitions and interpretations contained in the circular issued by Cashbuild on
Monday, 6 February 2023 (“Circular”) apply, mutatis mutandis, to terms used in this announcement.
On Monday, 6 February 2023, Cashbuild distributed the Circular to Cashbuild Shareholders relating to, inter
alia, the Odd-lot Offer which will result in the repurchase by the Company of the Odd-lot Holdings from the
Odd-lot Holders at the Odd-lot Offer Price, being a 5% premium to the 30-day volume weighted average price
of a Cashbuild Share at the close of business on Friday, 17 March 2023, which Odd-lot Offer Price is equal to
19728.75450 cents.
Further to the results of General Meeting of Cashbuild Shareholders released on SENS on Monday, 6 March
2023, Cashbuild Shareholders are advised that all conditions precedent to the Odd-lot Offer have now been
fulfilled and that the Odd-lot Offer is accordingly unconditional, and Cashbuild will proceed with implementing
the Odd-lot Offer. The repurchased Odd-lot Holdings will be delisted with effect from the commencement of
trading on or about Monday, 3 April 2023 and will thereafter be cancelled.
2. Salient dates and times
Cashbuild Shareholders are reminded of the following salient dates and times in relation to the Odd-lot Offer:
2023
Last day to trade to participate in the Odd-lot Offer Tuesday, 28 March
Shares commence trading ex Odd-lot Offer Wednesday, 29 March
Forms of Election and Surrender (blue) to be received by the Transfer Friday, 31 March
Secretaries by 12:00
Odd-lot Offer closes at 12:00 Friday, 31 March
Record date for the Odd-lot Offer Friday, 31 March
Payment of Odd-lot Offer Consideration to Certificated Odd-lot Holders Monday, 3 April
who have accepted the Odd-lot Offer or who have made no election
Dematerialised Odd-lot Holders who have accepted the Odd-lot Offer or Monday, 3 April
who have made no election will have their accounts at their CSDP or
broker credited with the Odd-lot Consideration
Results of Odd-lot Offer released on SENS Monday, 3 April
Delisting and cancellation of Cashbuild Shares repurchased in terms of Monday, 3 April
the Odd-lot Offer on or about
Notes:
1. All dates and times indicated above are South African Standard Time.
2. The above dates and times are subject to amendment at the discretion of the Company. Any such
amendment will be released on SENS.
3. Shareholders are reminded that Cashbuild Shares can only be traded in dematerialised form.
4. Odd-lot Offer:
4.1 Dematerialised Odd-lot Holders are requested to notify their duly appointed CSDP or broker of their
election by the cut off time stipulated by their CSDP or broker. This will be before the closing date of
the Odd-lot Offer.
4.2 In the case of Certificated Odd-lot Holders who decide to sell their Odd-lot Holdings for the Odd-lot
Consideration, payment will be made on or about Monday, 3 April 2023 by electronic funds transfer
into the bank accounts of the Odd-lot Holders, which are provided by the Odd-lot Holders on the Form
of Election and Surrender (blue).
4.3 Odd-lot Holders who are non-residents of the Common Monetary Area and who have never resided
in the Common Monetary Area, whose registered address is outside the Common Monetary Area and
whose Documents of Title have been restrictively endorsed under the Exchange Control Regulations,
and who decide to sell their Odd-lot Holdings for the Odd-lot Consideration, are referred to paragraph
3.10 of the Circular regarding processing and payment of the Odd-lot Consideration.
4.4 Those Odd-lot Holders who do not make an election or do not return their Form of Election and
Surrender (blue) timeously to the Transfer Secretaries will automatically be deemed to have
accepted the Odd-lot Offer and shall be deemed to have agreed to dispose of their Odd-lot
Holdings to Cashbuild at the Odd-lot Offer Price and to receive the Odd-lot Consideration.
4.5 Shareholders may not dematerialise or rematerialise their Cashbuild Shares between the last day to
trade to participate in the Odd-lot Offer and the record date for the Odd-lot Offer.
20 March 2023
Investment Bank, Corporate Advisor and Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 20-03-2023 08:15:00
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