STELLAR/AMALGAMATED - Results of Shareholders’ Election for Cash and/or Share Consideration in Terms of the Scheme
Stellar Capital Partners Limited Amalgamated Electronic Corporation Limited
(Incorporated in the Republic of South (Incorporated in the Republic of South
(Registration number 1998/015580/06) (Registration number 1997/010036/06)
Share code: SCP Share Code: AER
ISIN: ZAE000198586 ISIN: ZAE000070587
(“Stellar Capital”) (“Amecor”)
RESULTS OF SHAREHOLDERS’ ELECTION FOR CASH AND/OR SHARE CONSIDERATION IN TERMS OF THE SCHEME
Shareholders are referred to the Circular issued on 14 September 2016. Terms defined therein
shall, unless otherwise stated, bear the same meaning in this announcement.
Amecor Shareholders are advised that Scheme Participants holding a total of 67 432 638 Amecor
Shares elected to receive the Cash Consideration and Scheme Participants holding a total of
2 997 763 Amecor Shares elected to receive the Share Consideration.
In terms of the Scheme, Stellar Capital will issue a total number of 5 995 526 Stellar Capital
shares to Amecor Shareholders in respect of the Share Consideration and will pay R256 244 024
to Amecor Shareholders in respect of the Cash Consideration. In addition, Stellar Capital will
pay R1 000 111.69 interest to Scheme Participants in cash in respect of the Upward Cash
Cape Town and Johannesburg
31 October 2016
Financial adviser and sponsor to Stellar Capital
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Corporate adviser and sponsor to Amecor
Date: 31/10/2016 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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