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COH - Curro Holdings Limited - Results of Curro Rights Offer and Specific

Release Date: 29/06/2012 16:53
Code(s): COH
Wrap Text

COH - Curro Holdings Limited - Results of Curro Rights Offer and Specific Issue Curro Holdings Limited Incorporated in the Republic of South Africa Registration Number 1998/025801/06 JSE Share Code: COH ISIN: ZAE000156253 ("Curro" or "the Company") RESULTS OF CURRO RIGHTS OFFER AND SPECIFIC ISSUE Shareholders are referred to the SENS announcements dated 28 February 2012, 28 March 2012, 2 April 2012 and 4 May 2012 ("Announcements") and the circular dated 21 May 2012 ("Circular"), relating to the Curro rights offer ("Rights Offer") and the specific issue of shares to Thembeka Capital Limited ("Thembeka" or "the Underwriter"). In terms of the Rights Offer, Curro offered 58 037 069 new Curro ordinary shares ("Rights Offer Shares") to qualifying Curro ordinary shareholders in the ratio of 36 Rights Offer Shares for every 100 Curro ordinary shares held on the Rights Offer record date. The Rights Offer was partially underwritten by Thembeka up to a maximum of 21 414 497 Curro ordinary shares. The results of the Rights Offer, which closed on Friday, 29 June 2012, are as follows: Number of rights % of rights offer offer shares shares Rights offer shares available for 58 037 069 100% subscription Rights offer shares subscribed for 57 720 549 99.5% by Curro shareholders Rights offer shares to be issued to 316 520 0.5% the Underwriter For Curro shareholders who have subscribed for the Rights Offer: i.) share certificates will be posted to the holders of certificated Curro shares on or about Monday, 2 July 2012; and ii) the Central Securities Depository Participant ("CSDP") or broker accounts of holders of dematerialised Curro shares will be credited with the Rights Offer shares and debited with any payments due on Monday, 2 July 2012. In terms of the Specific Issue, the Company agreed to issue up to a maximum of 21 414 497 ordinary shares to Thembeka at 600 cents per share, provided that the number of shares to be issued to Thembeka in terms of the Specific Issue would be reduced by the number of shares that Thembeka acquired as the underwriter of the Rights Offer. Accordingly shareholders are advised that 21 097 977 Curro shares will be issue to Thembeka in terms of the Specific Issue. Durbanville 29 June 2012 Corporate adviser: PSG Capital Designated adviser: Sasfin Capital (a division of Sasfin Bank Limited) Date: 29/06/2012 16:53:02 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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