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CAPITAL & REGIONAL PLC - Secondary placing of Karoo shares

Release Date: 14/10/2015 08:02
Code(s): CRP     PDF:  
Wrap Text
Secondary placing of Karoo shares

CAPITAL & REGIONAL PLC
(Incorporated in the United Kingdom)
(Company number 01399411)
RNS number: 1847S
RNS share code: CAL JSE share code:CRP
ISIN: GB0001741544
(“Capital & Regional” or“the Company”)


SECONDARY PLACING OF KAROO SHARES


On 13 October 2015 Capital & Regional plc received notification that Karoo Investment Fund
(“Karoo”) has made arrangements to dispose of or transfer in specie the entirety of its 70,040,911
holding of ordinary shares in the Company, held on the Company’s sub-register on the
Johannesburg Stock Exchange (“JSE”), representing 9.995% of the Company’s issued share
capital.

The underlying shareholders in Karoo have been given the choice of receiving their pro-rata
entitlement in shares of the Company or electing for their interest to be sold for cash. To facilitate
the latter Karoo has appointed Java Capital to manage an imminent placing in the South African
market. It is expected this will involve the sale of up to approximately half of Karoo’s holding
with the remainder being transferred in specie to the respective underlying holders.

Louis Norval and his connected parties have interests in the underlying shareholders of Karoo that
equate to approximately 40% of Karoo’s current shareholding in the Company. Wessel Hamman
is also a Director of Karoo.

14 October 2015


JSE sponsor
Java Capital


Capital & Regional holds a primary listing on the Main Market of the London Stock Exchange plc
and a secondary listing on the Main Board of the JSE.

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