To view the PDF file, sign up for a MySharenet subscription.

PRESCIENT LIMITED - Prescient / Stellar Capital - Extension of posting of proposed transaction circular

Release Date: 15/09/2016 14:51
Code(s): PCT SCP     PDF:  
Wrap Text
Prescient / Stellar Capital - Extension of posting of proposed transaction circular

Prescient Limited                                        Stellar Capital Partners Limited
Incorporated in the Republic of South Africa             Incorporated in the Republic of South Africa
Registration number: 1936/008278/06                      Registration number 1998/015580/06
Share Code: PCT            ISIN: ZAE000163531            Share code: SCP          ISIN: ZAE000198586
("Prescient" or the “Company”)                           (“Stellar Capital”)

EXTENSION TO POSTING OF PROPOSED TRANSACTION CIRCULAR

1.   Introduction

Shareholders are referred to the joint announcement released on the Stock Exchange News Service on
19 July 2016 in which they were advised that Prescient and Stellar Capital had entered into an
implementation agreement and a subscription agreement in terms of which Stellar Capital will make a
strategic equity investment in Prescient Holdings Proprietary Limited (“PFH”), the holding company for
Prescient’s financial services interests, and Prescient will declare a cash distribution to Prescient
shareholders (“Prescient Distribution”) (the “Proposed Transaction”).

2.   Extension of time to post the Proposed Transaction circular

Prescient Shareholders are advised that Prescient applied to the JSE and the Takeover Regulation Panel
(“TRP”) for an extension to the posting date of the Proposed Transaction circular, from Friday 16
September 2016 to Friday, 30 September 2016. The request has been granted by the JSE and the TRP.
Accordingly, the Proposed Transaction circular will be posted to Prescient Shareholders by no later than
Friday, 30 September 2016.

Cape Town
15 September 2016

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


                                                    Legal advisor to Stellar Capital:
                                                    Cliffe Dekker Hofmeyr Incorporated

Date: 15/09/2016 02:51:00 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.

Share This Story