AMALGAMATED ELECTRONIC CORP LIMITED - Stellar Capital \Amalgamated Electronic - Details Relating to Payment of Upward Cash Adjustment

Release Date: 21/10/2016 10:44
Code(s): AER SCP
 
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Stellar Capital \Amalgamated Electronic - Details Relating to Payment of Upward Cash Adjustment

Stellar Capital Partners Limited                Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South          (Incorporated in the Republic of South
Africa)                                         Africa)
(Registration number 1998/015580/06)            (Registration number 1997/010036/06)
Share code: SCP                                 Share Code: AER
ISIN: ZAE000198586                              ISIN: ZAE000070587
(“Stellar Capital”)                             (“Amecor”)


DETAILS RELATING TO PAYMENT OF UPWARD CASH ADJUSTMENT


Shareholders are referred to the Circular released on 14 September 2016 and the Finalisation
Announcement released on the Stock Exchange News Service (“SENS”) on 13 October 2016. Terms
defined therein shall, unless otherwise stated, bear the same meaning in this announcement.

Amecor shareholders are reminded that an Upward Cash Adjustment, being the interest payable on
the Scheme Consideration calculated at the Prime Rate per annum from 1 October 2016 to 14 October
2016 as recorded in the Circular, is payable to Scheme Participants.

The Upward Cash Adjustment will be paid on 31 October 2016 to Scheme Participants recorded in
the Register on the Scheme Record Date (being Friday 28 October 2016) and not within
five Business Days of the date on which the Scheme becomes unconditional as stated in the
Circular, as Scheme Participants will not yet be recorded on the Register as at that date.


Johannesburg and Cape Town
21 October 2016

Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Corporate adviser and sponsor to Amecor
Merchantec Capital

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