STELLAR CAPITAL PARTNERS LIMITED - Combined finalisation announcement in respect of the Cadiz acquisition - Stellar \ Cadiz

Combined finalisation announcement in respect of the Cadiz acquisition - Stellar \ Cadiz

 STELLAR CAPITAL PARTNERS LIMITED   CADIZ HOLDINGS LIMITED
 (Incorporated in the Republic of   (Incorporated in the Republic
 South Africa)                      of South Africa)
 (Registration number               (Registration number
 1998/015580/06)                    1997/007258/06)
 Share code: SCP                    Share code: CDZ
 ISIN: ZAE000198586                 ISIN: ZAE000017661
 (“Stellar Capital”)                (“Cadiz”)


COMBINED FINALISATION ANNOUNCEMENT IN RESPECT OF THE CADIZ
ACQUISITION

Shareholders are referred to the joint announcement published on
SENS on 19 June 2015, the subsequent announcements on 9 July
2015 and 6 August 2015 and the combined circular to Cadiz
shareholders dated 31 August 2015 (the “Circular”) regarding the
firm intention by Stellar Capital, acting through Bidco, to make
an offer to acquire 100% of the total issued ordinary shares in
Cadiz (excluding 12 073 989 treasury shares held by a subsidiary
of Cadiz), by way of the Scheme. Capitalised terms in this
announcement bear the same meaning as in the Circular.

Stellar Capital and Cadiz are pleased to announce that all the
Scheme Conditions, as detailed in the Circular, have been
fulfilled and accordingly the Scheme is unconditional.

Shareholders are advised of the following important dates:

                                                            2015
Application for the termination of the      Thursday, 15 October
listing of all the Cadiz Shares from the
Main Board of the JSE expected to be
lodged

Last day to trade in Cadiz Shares in          Friday, 23 October
order to be recorded on the Register on
the Scheme Record Date (Scheme Last Day
to Trade)

Date of the suspension of listing of          Monday, 26 October
Cadiz Shares on the JSE

Scheme Record Date on which Cadiz             Friday, 30 October
Shareholders must be recorded in the
Register to receive the Scheme
Consideration

Scheme Operative Date                         Monday, 2 November

Date of settlement of Scheme                  Monday, 2 November
Consideration to Scheme Participants who
hold Certificated Cadiz Shares (if the
Form of Election, Surrender and Transfer
and Documents of Title are received on or
prior to 12h00 on the Scheme Record Date)

Date of updating the accounts of Scheme       Monday, 2 November
Participants who hold Dematerialised
Cadiz Shares at their CSDP or broker

Termination of listing of Cadiz Shares at    Tuesday, 3 November
commencement of trade on the JSE

Notes
1. Cadiz Shareholders should note that as transactions in shares
   are settled in the electronic settlement system used by
   Strate, settlement of trades takes place five business days
   after such trade.
2. No share certificates may be dematerialised after Friday, 23
   October 2015.
3. All times given in the announcement are local times in South
   Africa.


Rosebank, Johannesburg
15 October 2015

Corporate Finance Adviser and Sponsor to Stellar Capital:
Stellar Advisers Proprietary Limited

Corporate Finance Adviser to Cadiz: Cadiz Corporate Solutions
Proprietary Limited

Sponsor to Cadiz: Investec Bank Limited

Legal Advisers to Cadiz: Cliffe Dekker Hofmeyr Incorporated

Independent Expert: PSG Capital Proprietary Limited

Date: 15/10/2015 01:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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