STELLAR CAPITAL PARTNERS LIMITED - Cautionary announcement

Release Date: 18/06/2018 08:00
Code(s): SCP
 
Wrap Text
Cautionary announcement

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06) 
Share code: SCP     ISIN: ZAE000198586
(“Stellar Capital” or “the company”)


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that Stellar Capital has received a
number of unsolicited expressions of interest to acquire
Amalgamated Electronic Corporation Limited (“Amecor”) and has
decided to undertake a formal disposal process to dispose of
its interest in Amecor. Amecor is the largest supplier of
security communication equipment and networks in the South
African market.

In addition, Stellar Capital is party to negotiations with an
empowered entity to invest in Prescient Holdings (Pty) Ltd
(“Prescient”) to further improve the B-BBEE status of
Prescient. The transaction, if successfully concluded, will
result in Prescient becoming black-controlled. The anticipated
transaction will result in a dilution of Stellar Capital’s
shareholding in Prescient.

These negotiations, if successfully concluded, may have a
material effect on the price at which Stellar Capital shares
trade. Accordingly, shareholders are advised to exercise
caution when dealing in the company's shares until a further
announcement is made.

Cape Town

18 June 2018

Sponsor and financial advisor to the Amecor disposal
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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