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Update In Respect 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”)
UPDATE IN RESPECT OF THE CURRO RIGHTS OFFER
Shareholders are referred to the SENS announcement dated 18
February 2014 (“the Announcement”), wherein shareholders
were advised that Curro intends to raise R589 588 780 by
way of an underwritten renounceable rights offer (“the
Rights Offer”) of 29 479 439 new Curro ordinary shares
(“Rights Offer Shares”) to qualifying shareholders at a
subscription price of 2000 cents per Rights Offer Share, in
the ratio of 1 Rights Offer Share for every 10 Curro
ordinary shares held on the Rights Offer record date being
Friday, 6 June 2014.
In accordance with the Announcement, the outstanding
salient dates and times relating to the Rights Offer are
disclosed below.
SALIENT DATES AND TIMES
The salient dates and times relating to the Rights Offer
are as follows:
Rights Offer finalisation announcement Friday,
published in SENS 2 May 2014
Last day to trade in Curro shares in order to Friday,
settle trades by the record date for the 30 May 2014
Rights Offer and to qualify to participate in
the Rights Offer (cum entitlement) on
Listing of and trading in the letters of Monday,
allocation on the JSE under JSE code COHN and 2 June 2014
ISIN ZAE000190153 commences at 09:00 on
Curro shares commence trading ex-rights on Monday,
the JSE at 09:00 on 2 June 2014
Circular and form of instruction posted to Tuesday,
certificated shareholders on 3 June 2014
Record date for the Rights Offer for purposes Friday,
of determining the Curro shareholders 6 June 2014
entitled to participate in the Rights Offer
at the close of business on
Rights Offer opens at 09:00 on Monday,
9 June 2014
Circular posted to dematerialised Monday, 9
shareholders June 2014
Holders of dematerialised Curro shares will Monday,
have their accounts at their CSDP or broker 9 June 2014
automatically credited with their letters of
allocation on
Holders of certificated Curro shares will Monday,
have their letters of allocation credited to 9 June 2014
an electronic register at the transfer
secretaries on
Last day to trade in letters of allocation in Thursday,
order to settle trades by the record date for 12 June 2014
the letters of allocation and participate in
the Rights Offer at the close of business on
Last day for form of instruction to be lodged Thursday,
with the transfer secretaries by holders of 12 June 2014
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 Friday,
commences on the JSE at 09:00 on 13 June 2014
Last day for form of instruction to be lodged Friday,
with the transfer secretaries by holders of 20 June 2014
certificated Curro shares wishing to
subscribe for or renounce all or part of
their Rights Offer entitlement by 12:00 on
(see note 2)
Rights Offer closes at 12:00 and payment to Friday,
be made on 20 June 2014
Record date for letters of allocation on Friday,
20 June 2014
CSDP/Broker accounts credited with Rights Monday,
Offer Shares and debited with the payments 23 June 2014
due in respect of holders of dematerialised
Curro shares on
Rights Offer share certificates in terms of Monday,
the Rights Offer posted to holders of 23 June 2014
certificated Curro shares via registered post
on or about
Results of Rights Offer announced on SENS on Monday,
23 June 2014
Notes:
1. All times referred to in the announcement are local times
in South Africa.
2. 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 dematerialised shareholder and
his CSDP or broker.
3. Curro share certificates may not be dematerialised or
rematerialised between Monday, 2 June 2014 and Friday,
6 June 2014, both days inclusive.
4. CSDPs effect payment in respect of holders of
dematerialised Rights Offer shares on a delivery versus
payment basis.
5. 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 Investor Services.
6. Rights Offer share certificates to be issued in terms of
the Rights Offer will be posted to persons entitled
thereto, by registered post, at the risk of the
certificated shareholders concerned.
7. Any changes to the above salient dates and times will be
announced on SENS.
RIGHTS OFFER CIRCULAR
A circular, containing full details of the terms of the
Rights Offer and a form of instruction in respect of
letters of allocation will be posted on Tuesday,
3 June 2014 to certificated shareholders recorded in the
register as such on the record date.
A circular, containing full details of the terms of the
Rights Offer will be posted on Monday, 9 June 2014 to
dematerialised shareholders recorded in the register as
such on the record date.
Cape Town
2 April 2014
Sponsor and Transaction Adviser: PSG Capital (Proprietary)
Limited
Date: 02/04/2014 09:00:00 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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