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Update on acquisition of a viable asset
Capital Appreciation Limited
Incorporated in the Republic of South Africa
(Registration number 2014/253277/06)
Share code: CTA
ISIN: ZAE000208245
(‘CAPPREC”,"CTA" or "the Company")
UPDATE ON ACQUISITION OF A VIABLE ASSET
CAPPREC is a Special Purpose Acquisition Company (“SPAC”) constituted in terms of Section 4 of the
JSE Listings Requirements (paragraph 4.34 - 4.40), the purpose of such a company being to pursue the
acquisition of a viable asset.
Shareholders are referred to the announcement released on the Stock Exchange News Service on 16
February 2017 relating to the acquisition of viable assets (“the Transactions”) by the Company. The
acquisition by a SPAC of a viable asset requires that a circular be prepared, setting out inter alia, full
details of the Transactions, the financial history of the target/s, in this case, the three separate
companies.
A Notice of General Meeting of CAPPREC Shareholders forms part of the circular for purposes of
considering and obtaining the approval of shareholders of the Transactions.
The circular, subject to the approval of the JSE and considering 60 days are afforded to distribute such
a circular in terms of paragraph 9.20(b), is presently being prepared in terms of the JSE Listings
Requirements and is expected to be distributed to CAPPREC Shareholders on or about 31 March 2017.
17 March 2017
Johannesburg
DIRECTORS
M. Sacks* (Non-Executive Chairman), M. Pimstein (Joint Chief Executive), B. Sacks (Joint Chief
Executive), A. Salomon (Chief Financial Officer), Ms. B. Bulo*, J.M. Kahn*, Dr. D. Matjila*, R. Morar*, V.
Sekese*, C. Valkin*
* Non-Executive Directors
Sponsor: Investec Bank Limited
Legal advisors to Capital Appreciation: Webber Wentzel
Legal advisors to African Resonance and Rinwell: Hogan Lovells
Legal advisors to Synthesis: Werksmans Attorneys
Auditors to Capital Appreciation: Ernst and Young
Auditors to African Resonance and Rinwell: Grant Thornton
Auditors to Synthesis: BDO South Africa
Date: 17/03/2017 02:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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