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NEW CORPCAPITAL LIMITED - Results of the Odd-lot Offer

Release Date: 26/11/2012 17:19
Code(s): NCA     PDF:  
Wrap Text
Results of the Odd-lot Offer

NEW CORPCAPITAL LIMITED
Registration number: 2001/006539/06
Share code: NCA ISIN: ZAE000167375
(“NCC” or “the Company”)


RESULTS OF THE ODD-LOT OFFER

Shareholders are referred to the circular and revised listing particulars dated 11 September 2012 (the “Circular”)
posted to Shareholders in respect of inter alia:

-   an amendment to the Memorandum of Incorporation of NCC to allow for odd-lot offers;
-   the Odd-lot Offer to Odd-lot Holders holding less than 100 Shares in terms of which the Company offers to
    purchase Odd-lot Holders’ Odd-lot Shares at the Offer Price, being 120 cents per Odd-lot Share payable in cash;
    and
-   a specific authority for the Company to repurchase up to 65 085 Shares in terms of the Odd-lot Offer.

Capitalised terms contained in this announcement are as defined in the Circular.

Shareholders are also referred to the announcement released on SENS on 9 November 2012 wherein the salient dates
and times in respect of the implementation of the Odd-lot Offer were announced.

The results of the Odd-lot Offer are as follows:

                      Shares retained by          Shares sold by         Shares sold by       Total shares sold
                                 election               election                default*
Certificated                           24                    286                  42 072                   42 358
Dematerialised                      2 746                 12 906                   6 814                   19 720
Total                               2 770                 13 192                  48 886                   62 078
* Odd-lot Holders who did not make an election were automatically regarded as having chosen to sell their Odd-lot
   Holdings.

Pursuant to the Odd-lot Offer, a total of 62 078 Shares have been sold by Odd-lot Holders, representing 0.16% of the
issued Share capital of the Company prior to the implementation of the Proposed Acquisition, and representing 0.03%
of the issued Share capital of the Company following the allotment and issue of 147 531 367 Shares on 23 November
2012 as part of the implementation of the Proposed Acquisition. The number of Shareholders was reduced by 3 399
Shareholders, representing 72.27% of the total number of Shareholders prior to the implementation of the Proposed
Acquisition, based on the Register as at 26 October 2012, and approximately 71.92% of the total number of
Shareholders following the allotment and issue of 147 531 367 Shares on 23 November 2012 as part of the
implementation of the Proposed Acquisition, based on the information contained in the Register as at 26 October
2012.

Dematerialised Odd-lot Holders will have their accounts at their CSDP or broker credited with the Offer
Consideration on Monday, 26 November 2012.

Electronic payments will be made or cheques posted to Certificated Odd-lot Holders who elected to sell their Odd-lot
Holdings and who have surrendered their Documents of Title to the Transfer Secretaries, for the Offer Consideration
on Monday, 26 November 2012.

Certificated Odd-lot Holders who failed to make any election timeously, and are therefore deemed to have sold their
Odd-lot Holdings, are reminded to submit their relevant Documents of Title to the Transfer Secretaries,
Computershare Investor Services (Proprietary) Limited, Ground Floor, 70 Marshall Street, Johannesburg 2001 (PO
Box 61763, Marshalltown, 2107) in order to receive payment in respect of their Odd-lot Holdings.

26 November 2012


Corporate advisor, legal advisor and sponsor
Java Capital

Date: 26/11/2012 05:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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