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Change of PSG shareholding in Capitec
CAPITEC BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(JSE share code: CPI ISIN: ZAE000035861)
(“Capitec” or “the company”)
PSG Financial Services Limited
(Incorporated in the Republic of South Africa)
Registration number 1919/000478/06
JSE Share code: PGFP
ISIN code: ZAE000096079
PSG GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1970/008484/06)
(JSE share code: CPI ISIN: ZAE000013017)
(“PSG”)
CHANGE OF PSG SHAREHOLDING IN CAPITEC
Shareholders of both Capitec and PSG are notified that PSG Financial
Services Limited (“PSG Financial Services”), a wholly owned subsidiary of
PSG has, following a significant financial investment in Capitec shares
when it exercised its rights in terms of the November 2012 Capitec rights
offer (“rights offer”), disposed of a portion of its shareholding in
Capitec.
As the largest shareholder in Capitec, PSG Financial Services deemed it
important to support the rights offer by furnishing Capitec with an
irrevocable undertaking to the value of R724 million to take up its share
of the rights offer.
At the time of the rights offer, PSG Financial Services obtained funding
to enable it to exercise its Capitec rights. PSG has now sold the majority
of its Capitec rights offer shares in order to repay the debt raised in
respect thereof. Its shareholding has as a result reduced from 32.2% to
28.5%.
PSG remains positive about Capitec, its business and its management, and
believes that this investment will continue to be a significant
contributor to the future success of PSG for years to come. PSG has no
intention to sell any more shares in Capitec.
A significant portion of the shares disposed of by PSG Financial Services
was acquired by an international institutional investor. The board of
Capitec is very positive about the increased interest of international
investors in Capitec.
Stellenbosch
9 January 2013
Sponsor – PSG Capital (Pty) Limited
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