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COH - Curro - Update to Shareholders regarding the Curro Rights Offer and

Release Date: 28/03/2012 16:03
Code(s): COH
Wrap Text

COH - Curro - Update to Shareholders regarding the Curro Rights Offer and Specific Issue of Shares to Thembeka Capital Limited and Renewal of Cautionary Announcement Curro Holdings Limited Incorporated in the Republic of South Africa Registration Number: 1998/025801/06 Share code: COH ISIN: ZAE000156253 ("Curro" or "the Company") UPDATE TO SHAREHOLDERS REGARDING THE CURRO RIGHTS OFFER AND SPECIFIC ISSUE OF SHARES TO THEMBEKA CAPITAL LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the declaration announcement released by the Company on 28 February 2012 ("the Declaration Announcement"), in terms of which the Company advised that it will proceed with a partially underwritten renounceable rights offer ("the Rights Offer") and a specific issue of shares to Thembeka Capital Limited ("the Specific Issue"). In addition to the above, shareholders are also referred to the announcement released by the Company on 16 March 2012 relating to the results of the general meeting at which meeting special resolutions relating to the conversion (from par value to no par value) and increase of the Company`s share capital were approved by shareholders ("the Special Resolutions"). Following the above, shareholders are hereby advised that the Company is still awaiting registration of the Special Resolutions by the Companies and Intellectual Property Commission and accordingly, the salient dates and times applicable to the Rights Offer and Specific Issue, as set out in the Declaration Announcement, are no longer applicable. A further announcement setting out a revised timetable and the pro forma financial effects of the Rights Offer and Specific Issue will be made in due course. RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the renewal of cautionary announcement contained in the Declaration Announcement and are advised that due to the fact that the revised timetable and the pro forma financial effects of the Rights Offer and the Specific Issue must still be disclosed, shareholders are advised to continue exercising caution when dealing in the Company`s securities until a further announcement is made Durbanville 28 March 2012 Corporate Adviser PSG Capital Designated adviser Sasfin Capital (a division of Sasfin Bank Limited) Date: 28/03/2012 16:03:02 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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