CURRO HOLDINGS LIMITED - Finalisation Announcement Of The Curro Rights Offer

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 announcements published on
SENS on 18 February 2014 and 2 April 2014 (“the
Announcements”), 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.

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:

SALIENT DATES AND TIMES

Rights Offer finalisation announcement               Friday,
published in SENS                                 2 May 2014

Last day to trade in Curro shares in order           Friday,
to 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        2 June 2014
and 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                 Friday,
purposes of determining the Curro                6 June 2014
shareholders 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,
shareholders                                     9 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        9 June 2014
to an electronic register at the transfer
secretaries on

Last day to trade in letters of allocation         Thursday,
in order to settle trades by the record         12 June 2014
date for the letters of allocation and
participate in the Rights Offer at the
close of business on

Last day for form of instruction to be             Thursday,
lodged with the transfer secretaries by         12 June 2014
holders of 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               Friday,
lodged with the transfer secretaries by         20 June 2014
holders of 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           Monday,
on                                             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.

Durbanville
2 May 2014

Transaction Adviser and Sponsor: PSG Capital (Proprietary)
Limited

Independent Sponsor: Questco (Proprietary) Limited

Independent Reporting Accountants: Deloitte & Touche

Underwriter: PSG Financial Services Limited

Date: 02/05/2014 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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