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COH - Curro - Finalisation Announcement of the Curro Rights Offer and Specific
Issue of Shares to Thembeka Capital Limited
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 1998/025801/06
Share code: COH
ISIN: ZAE000156253
("Curro" or "the Company")
FINALISATION ANNOUNCEMENT OF THE CURRO RIGHTS OFFER AND SPECIFIC ISSUE OF SHARES
TO THEMBEKA CAPITAL LIMITED
Shareholders are referred to the announcements published on SENS on 28 February
2012, 28 March 2012 and 2 April 2012, whereby Curro announced its intention to
raise approximately R476 709 396 by way of a partially underwritten renounceable
rights offer of 58 037 069 new Curro ordinary shares to Curro shareholders ("the
Rights Offer") and a specific issue of 21 414 497 Curro shares to Thembeka
Capital Limited ("the Specific Issue").
Further to the above, shareholders are hereby advised that the Company has now
received confirmation from the Companies and Intellectual Property Commission of
the registration of the special resolutions relating to the conversion of the
share capital of the Company from par value to no par value and the increase of
the authorised share capital of the Company.
Accordingly, the Rights Offer and Specific Issue can now be implemented in
accordance with the salient dates and times set out below:
Last day to trade in Curro shares in order to Friday, 11 May 2012
settle trades by the record date for the Rights
Offer and to qualify to participate in the
Rights Offer (cum entitlement) on
Curro shares commence trading ex-rights on the Monday, 14 May 2012
JSE at 09:00 on
Listing of and trading in the letters of Monday, 14 May 2012
allocation commences at 09:00 on
Record date for purposes of determining the Friday, 18 May 2012
Curro shareholders entitled to participate in
the Rights Offer at the close of business on
Circular, notice of general meeting and, where Monday, 21 May 2012
applicable, form of instruction posted to
shareholders on
Rights Offer opens at 09:00 on Monday, 21 May 2012
Holders of dematerialised Curro shares will Monday, 21 May 2012
have their accounts at their CSDP or broker
automatically credited with their letters of
allocation on
Holders of certificated Curro shares will have Monday, 21 May 2012
their letters of allocation credited to an
electronic register at the transfer secretaries
on
Last day to trade in order to be eligible to Friday, 1 June 2012
vote at the general meeting
Record date in order to be eligible to vote at Friday, 8 June 2012
the general meeting
General meeting held at 09:30 on Tuesday, 19 June 2012
Last day to trade in letters of allocation in Friday, 22 June 2012
order to settle trades by the record date for
the Rights Offer and participate in the Rights
Offer at the close of business on
Listing and trading of Rights Offer shares Monday, 25 June 2012
commences on the JSE at 09:00 on
Last day for form of instruction to be lodged Friday, 29 June 2012
with the transfer secretaries by holders of
certificated Curro shares wishing to sell all
or part of their entitlement by 12:00 on
Rights Offer closes at 12:00 and payment to be
made and form of instruction lodged by holders Friday, 29 June 2012
of certificated Curro shares with the transfer
secretaries by that time on (see note 2)
Record date for letters of allocation on Friday, 29 June 2012
CSDP/broker accounts credited with Rights Offer Monday, 2 July 2012
shares and specific issue shares and debited
with any payments due in respect of holders of
dematerialised Rights Offer shares on
Rights Offer shares certificates in terms of Monday, 2 July 2012
the Rights Offer posted to holders of
certificated Rights Offer shares on or about
Results of Rights Offer and general meeting Monday, 2 July 2012
announced on SENS on
Notes:
All times referred to in the announcement are local times in South Africa.
Holders of dematerialised Curro shares are required to notify their CSDP or
broker of the action they wish to take in respect of the Rights Offer in the
manner and by the time stipulated in the agreement governing the relationship
between the Curro shareholder and his CSDP or broker.
Curro share certificates may not be dematerialised or rematerialised between
Monday, 14 May 2012, and Friday, 18 May 2012, both days inclusive.
CSDPs effect payment in respect of holders of dematerialised Rights Offer shares
on a delivery versus payment method.
To the extent that the rights are accepted dematerialised, shareholders will
have their accounts at their CSDP automatically credited with their rights and
certificated shareholders will have their rights credited to an account at
Computershare Investor Services.
POSTING OF THE CIRCULAR AND NOTICE OF GENERAL MEETING
Shareholders are further advised that a circular containing full details of the
terms of the Rights Offer, the Specific Issue and a notice convening a general
meeting will be mailed to all shareholders recorded in the register on the
record date, on Monday, 21 May 2012.
Notice is hereby given that a general meeting of Curro shareholders will be held
at 09:30 on Tuesday, 19 June 2012, at 8 Monaco Square, 14 Church Street,
Durbanville to consider the resolutions tabled in the notice of general meeting.
The date on which shareholders must be recorded in the share register maintained
by the transfer secretaries of the Company for purposes of being entitled to
attend and vote at the general meeting is Friday, 8 June 2012, with the last day
to trade being Friday, 1 June 2012.
Durbanville
4 May 2012
Corporate Adviser
PSG Capital
Designated adviser
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 04/05/2012 10:37:11 Supplied by www.sharenet.co.za
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