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STELLAR CAPITAL PARTNERS LIMITED - Disclosure of changes in securities in terms of section 122 of the Companies Act

Release Date: 27/10/2015 09:55
Code(s): SCP     PDF:  
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STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 1998/015580/06
Share code: SCP     ISIN: ZAE000198586
("Stellar Capital" or the "Company")


DISCLOSURE OF CHANGES IN SECURITIES IN TERMS OF SECTION 122 OF THE COMPANIES ACT
Shareholders are referred to the SENS announcements dated 6
July 2015 and 21 July 2015 respectively in which it was
disclosed that a vendor consortium of Torre shareholders would
sell their Torre shares to the Company, in exchange for the
settlement of Stellar Capital shares such that Stellar Capital
would own 34.62% of Torre ('Torre Acquisition'). The below
disclosures are as a result of the implementation of the Torre Acquisition.
In accordance with section 122(3)(b) of the Companies Act, No.
71 of 2008, as amended (the 'Act'), and paragraph 3.83(b) of
the Listings Requirements of the JSE Limited, shareholders are
hereby advised that the Company has received formal
notification in the prescribed form of the following movement in the securities of the Company:
- Asgard Capital Assets Limited has acquired Stellar Capital
shares resulting in an increase of its interest in the
securities of the Company to 19.89% of total ordinary issued securities;
- SJP Capital Limited has acquired Stellar Capital shares
resulting in an increase of its interest in the securities
of the Company to 15.21% of total ordinary issued securities;
- VRE Investment (Pty) Ltd has decreased its interest in the
securities of the Company to 5.67% of total ordinary
issued securities by way of dilution due to the Torre Acquisition; and
- Wikalox Investment (Pty) Ltd has decreased its interest in
the securities of the Company to 2.23% of total ordinary
issued securities by way of dilution due to the Torre Acquisition.
As required in terms of section 122(3)(a) of the Act, the
Company has filed the required notice with the Takeover Regulation Panel. Rosebank, Johannesburg 27 October 2015
Corporate Finance Adviser and Sponsor: Stellar Advisers (Pty) Ltd
Date: 27/10/2015 09:55:00 Supplied by www.sharenet.co.za 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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