STELLAR CAPITAL PARTNERS LIMITED - Stellar / Prescient - Joint renewal of cautionary announcement

Stellar / Prescient - Joint renewal of cautionary announcement

STELLAR CAPITAL PARTNERS LIMITED                    PRESCIENT LIMITED
(Incorporated in the Republic of South Africa)      (Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06)                (Registration number 1936/008278/06)
(“Stellar Capital”)                                 (“Prescient”)
Share code: SCP                                     Share code: PCT
ISIN: ZAE000198586                                  ISIN: ZAE000163531

JOINT RENEWAL OF CAUTIONARY ANNOUNCEMENT

Further to the cautionary announcement released on the Stock Exchange News Service on 19 April
2016, shareholders of Stellar Capital and Prescient are advised that Stellar Capital and Prescient are
continuing their exclusive discussions regarding a potential transaction (the “Proposed Transaction”)
in respect of Prescient’s financial services operations.

The parties are currently in the process of formulating the transaction steps required to achieve their
respective commercial objectives. It should be noted that, pursuant to the Proposed Transaction,
Prescient’s information management services operations (consisting of the PBT Group of companies)
will remain listed on the JSE Limited (“JSE”).

The Proposed Transaction, if successfully concluded, may have a material effect on the prices of
Stellar Capital’s and Prescient’s shares. Accordingly, shareholders of Stellar Capital and Prescient
are advised to continue to exercise caution when dealing in Stellar Capital’s and Prescient’s shares,
respectively, until a further announcement is made.

Johannesburg                                        Cape Town
2 June 2016

Merchant bank and sponsor to Stellar Capital        Sponsor to Prescient
RAND MERCHANT BANK (A division of                   Bridge Capital Advisors Proprietary Limited
FirstRand Bank Limited)

Legal advisor to Stellar Capital
Cliffe Dekker Hofmeyr Incorporated


 




 

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