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Renewal of cautionary, posting of circular and amendment to proforma information on previous announcement
MORVEST BUSINESS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: MOR ISIN code: ZAE000152567
(“Morvest” or “the Company”)
POSTING OF THE CIRCULAR
RENEWAL OF CAUTIONARY ANNOUNCEMENT
AMENDMENT TO PRO FORMA FINANCIAL INFORMATION ANNOUNCED ON 30 JULY 2013
Shareholders are referred to the announcement dated 30 July 2013 regarding the implementation of a
BEE transaction in terms of which certain executive directors, non-executive directors and group
executives of Morvest will obtain a shareholding in Morvest.
Shareholders are now advised that the circular has been posted today, 22 August 2013.
A copy of the circular will also be made available on the company’s website www.morvest.co.za.
SALIENT DATES AND TIMES
2013
Record date to determine which shareholders are entitled to Friday, 16 August
receive the circular containing the notice of general meeting
Last day to trade in order to be eligible to attend and vote at Friday, 13 September
the general meeting
Record date to determine which shareholders are entitled to Friday, 20 September
attend and vote at the general meeting
Forms of proxy to be lodged by 08:00 on Wednesday, 25 September
General meeting of Morvest to be held at 08:00 on Friday, 27 September
Results of general meeting announced on SENS Friday, 27 September
Results of general meeting announced in the press Monday, 30 September
List new Morvest shares and receive payment of subscription Subscription date, estimated to be
consideration on or about on or about Friday, 4 October
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 30 July 2013 and are advised that
as Morvest has entered into new discussions that may have an impact of the trading price of the
Morvest shares, shareholders are advised to continue exercising caution when dealing in Morvest’
securities until a further announcement is made.
AMENDMENT TO PRO FORMA FINANCIAL INFORMATION
Shareholders are further referred to the announcement dated 30 July 2013, specifically to paragraph
8.1 of the said announcement, disclosing the pro forma financial effects and are informed that the pro
forma financial effects as disclosed in said announcement were revised and the amended pro forma
financial effects are included below:
As at 30
November
Pro forma
2012
Pro forma After the BEE
after the transaction
Per Morvest BEE and
share (cents) Before transaction Change % consolidation Change %
Basic earnings -0.62 -0.40 36.1% -1.18 (90.3%)
Fully diluted
-0.49 -0.34 30.6% -0.89 (81.4%)
earnings
Headline earnings 5.20 3.27 (37.1%) 4.63 (10.8%)
Fully diluted
4.08 2.79 (31.7%) 3.47 (15%)
Headline earnings
Net asset value 34.71 28.57 (17.7%) 23.46 (32.4%)
Net tangible asset
5.77 8.88 54.0% 3.77 (34.7%)
value
Weighted average
493,140,984 783,140,984 493,140,984
shares
Diluted weighted
628,140,984 918,140,984 659,212,412
average shares
Number of shares 617,850,000 907,850,000 907,850,000
Note: The total number of shares in issue post the BEE transaction will be 880 000 000.
All other information relating to the financial effects in the announcement of 30 July 2013 remains the
same
22 August 2013
Corporate Advisor and Sponsor
Sasfin Capital
A division of Sasfin Bank Limited
Date: 22/08/2013 04:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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