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ZED - Zeder Investments Limited - Results of the cash offer by Zeder to all

Release Date: 12/09/2011 17:30
Code(s): ZED
Wrap Text

ZED - Zeder Investments Limited - Results of the cash offer by Zeder to all shareholders of Capespan Group Limited Zeder Investments Limited Incorporated in the Republic of South Africa (Registration number: 2006/019240/06) Share code: ZED ISIN: ZAE000088431 ("Zeder" or "the company") RESULTS OF THE CASH OFFER BY ZEDER TO ALL SHAREHOLDERS OF CAPESPAN GROUP LIMITED ("Capespan") Shareholders are referred to the Zeder cash offer to all Capespan shareholders to acquire all Capespan ordinary shares not already held by Zeder for an offer consideration of 225 cents for each Capespan share disposed of in terms of the offer ("the Cash Offer") the details of which were announced on SENS on Tuesday, 14 June 2011, contained in the offer circular posted to all Capespan shareholders on Tuesday, 12 July 2011 and amended as announced on SENS on Wednesday, 24 August 2011. In addition during the Cash Offer period, Zeder advised Capespan shareholders that it would continue to acquire Capespan shares in the market at 225 cents per Capespan share until such time as Zeder increased its shareholding in Capespan to 49% or the Cash Offer closed ("Market Purchases"). The aforementioned Cash Offer closed at 12h00 on Friday, 9 September 2011 and shareholders are hereby advised that in terms of the Cash Offer, Zeder received acceptances from Capespan shareholders holding 2 880 679 Capespan ordinary shares, constituting approximately 1.0% of the issued ordinary shares in Capespan. Shareholders are hereby further advised that Zeder has acquired an additional 34 231 353 ordinary shares, constituting approximately 11.5% of the issued ordinary shares in Capespan through the Market Purchases. Prior to the Cash Offer and Market Purchases, Zeder held, directly and indirectly, approximately 27.7% of the shareholding in Capespan and as a result of the Cash Offer and Market Purchases has increased their shareholding in Capespan to approximately 40.2% of the issued ordinary shares in Capespan. Cheques will be posted to Cash Offer participants or the Cash Offer consideration will be credited to the offer participants` account at his Central Security Depository Participant ("CSDP") or broker within six business days of valid acceptance of the Cash Offer. Stellenbosch 12 September 2011 Corporate Advisor and Sponsor PSG Capital Date: 12/09/2011 17:30:01 Supplied by www.sharenet.co.za 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.

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