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STELLAR CAPITAL PARTNERS LIMITED - Prescient/Stellar Capital - Results of Prescient shareholders elections

Release Date: 03/03/2017 17:45
Code(s): SCP PCT     PDF:  
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Prescient/Stellar Capital - Results of Prescient shareholders elections

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”)

RESULTS OF PRESCIENT SHAREHOLDERS ELECTIONS

1.   Introduction

Further to the announcements released on SENS on 28 October 2016 (and using the terms defined
therein and the Circular posted to Prescient Shareholders) and 21 February 2017, Prescient
Shareholders are advised of the results of the two elections made by the Prescient Shareholders included
below in paragraph 2.

2.   Elections made by the Prescient Shareholders

2.1. Election regarding the declaration of the Prescient Distribution

Scheme Participants holding an aggregate of 1 119 950 475 Prescient Shares elected that the Prescient
directors resolve that their Prescient Distribution be distributed as a dividend declared from sources other
than Prescient CTC and Scheme Participants holding an aggregate of 549 300 475 Prescient Shares
elected that the Prescient directors resolve that their Prescient Distribution be distributed as a pro rata
return of Prescient CTC.

2.2. Election regarding the Application of the Prescient Distribution

Scheme Participants holding an aggregate of 966 397 326 Prescient Shares instructed Prescient to settle
and make payment of the Prescient Distribution in cash, net of DWT (if applicable) on or about Monday, 6
March 2017.

Scheme Participants holding an aggregate of 691 272 723 Prescient Shares instructed Prescient to apply
on their behalf, the whole or part of the Prescient Distribution, net of DWT (if applicable), to acquire PFH
Consideration Shares from Stellar Capital. 687 452 833 PFH Consideration Shares will be acquired from
Stellar Capital on or about Tuesday, 7 March 2017.

Scheme Participants holding an aggregate of 11 580 901 Prescient Shares instructed Prescient to apply
on their behalf, the whole or part of the Prescient Distribution, net of DWT (if applicable), to subscribe for
newly issued Stellar Capital Consideration Shares. 5 425 111 Stellar Capital Consideration Shares will be
issued by Stellar Capital on or about Tuesday, 7 March 2017.

Cape Town
3 March 2017

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

Date: 03/03/2017 05:45:00 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,
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