Wrap Text
Finalisation Announcement of the Curro Rights Offer
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1998/025801/06
JSE Alpha Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company” or “the Group”)
FINALISATION ANNOUNCEMENT OF THE CURRO RIGHTS OFFER
Shareholders are referred to the announcement published on
SENS on 22 February 2013, whereby Curro announced its
intention to raise approximately R605 879 376 by way of a
partially underwritten renounceable rights offer (“the
Rights Offer”) of 50 489 948 new Curro ordinary shares
(“Rights Offer Shares”) to qualifying shareholders at a
subscription price of 1200 cents per Rights Offer Share, in
the ratio of 21 Rights Offer Shares for every 100 Curro
ordinary shares held on the Rights Offer record date, being
Friday, 12 April 2013 (“Record Date”).
Shareholders are advised that the Company has received
formal approval of the Rights Offer circular from the
Issuer Regulation Division of the JSE Limited and
accordingly, the Rights Offer 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,
settle trades by the Record Date for the Rights 5 April 2013
Offer and to qualify to participate in the
Rights Offer (cum entitlement) on
Curro shares commence trading ex-rights on the Monday,
JSE at 09:00 on 8 April 2013
Listing of and trading in the letters of Monday,
allocation commences at 09:00 on 8 April 2013
Record Date for purposes of determining the Friday,
Curro shareholders entitled to participate in 12 April 2013
the Rights Offer at the close of business on
Circular and form of instruction posted to Monday,
shareholders on 15 April 2013
Rights Offer opens at 09:00 on Monday,
15 April 2013
Holders of dematerialised Curro shares will have Monday,
their accounts at their CSDP or broker 15 April 2013
automatically credited with their letters of
allocation on
Holders of certificated Curro shares will have Monday,
their letters of allocation credited to an 15 April 2013
electronic register at the transfer secretaries
on
Last day to trade in letters of allocation in Friday,
order to settle trades by the Record Date for 3 May 2013
the Rights Offer and participate in the Rights
Offer at the close of business on
Last day for form of instruction to be lodged Friday,
with the transfer secretaries by holders of 3 May 2013
certificated Curro shares wishing to sell all or
part of their Rights Offer Entitlement by 12:00
on
Listing and trading of Rights Offer Shares Monday,
commences on the JSE at 09:00 on 6 May 2013
Last day for form of instruction to be lodged Friday,
with the transfer secretaries by holders of 10 May 2013
certificated Curro shares wishing to subscribe
for or renounce all or part of their Rights
Offer Entitlement by 12:00 on
Rights Offer closes at 12:00 and payment to be Friday,
made on 10 May 2013
Record date for letters of allocation on Friday,
10 May 2013
Payment to be made by certificated shareholders Friday,
10 May 2013
CSDP/broker accounts credited with Rights Offer Monday,
Shares and debited with the payments due in 13 May 2013
respect of holders of dematerialised Curro
shares on
Rights Offer Share certificates in terms of the Monday,
Rights Offer posted to holders of certificated 13 May 2013
Curro shares on or about
Results of Rights Offer announced on SENS on Monday,
13 May 2013
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,
8 April 2013, and Friday, 12 April 2013, both
days inclusive.
- CSDPs effect payment in respect of holders of
dematerialised Rights Offer Shares on a delivery
versus payment basis.
- 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.
RIGHTS OFFER CIRCULAR
A circular containing full details of the terms of the
Rights Offer and a form of instruction in respect of a
letter of allocation will be posted, on or about Monday,
15 April 2013, to all shareholders recorded in the register
as such on the Record Date.
Durbanville
26 March 2013
Independent Sponsor: Questco (Proprietary) Limited
Sponsor and Corporate adviser: PSG Capital (Proprietary)
Limited
Independent reporting accountants: Deloitte & Touche
Underwriter: PSG Financial Services Limited
Date: 26/03/2013 12:47:00 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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