CURRO HOLDINGS LIMITED - Results Of The Rights Offer

Results Of The Rights Offer

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

RESULTS OF THE RIGHTS OFFER

INTRODUCTION

Shareholders of Curro (“Shareholders”) are referred to the announcements released by the
Company on 18 June 2020, 3 August 2020 and 20 August 2020 and the circular dated
20 August 2020 relating to the partially underwritten non-renounceable rights offer to raise up
to R1 500 000 000 from its Shareholders (“Circular”). In terms of the Rights Offer, Curro
offered up to 185 873 606 new Curro ordinary shares (“Rights Offer Shares”) to qualifying
shareholders at a subscription price of R8.07 per Rights Offer Share, in the ratio of 45.10532
Rights Offer Shares for every 100 Curro ordinary shares held.

The Rights Offer was partially underwritten by PSG Financial Services Limited (or its
nominated wholly-owned subsidiary) (“Underwriter”).

Capitalised terms used below and that are not otherwise defined, bear the meanings ascribed
to them in the Circular.

RESULTS OF THE RIGHTS OFFER

The Rights Offer closed at 12:00 South African time on Friday, 4 September 2020 and Curro
is pleased to advise that the full R1 500 000 000 was raised as set out below:


                                                    Number of Rights   % of Rights Offer
                                                    Offer Shares       Shares
 Rights Offer Shares available for                  185 873 606        100%
 subscription
 Rights Offer Shares subscribed for                 158 666 406        85.36%
 by Shareholders
 Rights Offer Shares to be                          27 207 200         14.64%
 subscribed for by the Underwriter
 Total                                              185 873 606        100%

ISSUE OF RIGHTS OFFER SHARES

Share certificates are to be posted to holders of certificated Curro ordinary shares who have
followed their rights, on Monday, 7 September 2020.

The CSDP or broker accounts of holders of dematerialised Curro ordinary shares who have
followed their rights, will be credited with the Rights Offer Shares and debited with the
payments due on Monday, 7 September 2020.
EXCESS APPLICATIONS

Excess applications were only allowed in respect of the Non-Committed Rights Offer Shares,
being those shares for which no commitment to subscribe had been received by the
Underwriter. As the Committed Rights Offer Shares were not exceeded, there were no
Non-Committed Rights Offer Shares to be allocated in respect of excess applications received.

Refund payments in respect of applications for excess Non-Committed Rights Offer Shares
will be made to the relevant applicants on or about Wednesday, 9 September 2020.

Durbanville
7 September 2020

Sponsor and Transaction Advisor
PSG Capital

Joint independent sponsor
UBS South Africa

Date: 07-09-2020 09:00:00
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