STELLAR CAPITAL PARTNERS LIMITED - Cautionary announcement and withdrawal of resolution to be tabled at Annual general meeting ("AGM")

Cautionary announcement and withdrawal of resolution to be tabled at Annual general meeting ("AGM")

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 AND WITHDRAWAL OF RESOLUTION TO BE
TABLED AT ANNUAL GENERAL MEETING (“AGM”)

Cautionary announcement

Shareholders are advised that the Stellar Capital board
(“Board”) is considering various proposals in order to achieve
the   Company’s  strategic   objectives   which  include   the
following:

  1) addressing the empowerment status of the Company;
  2) evaluating the Management Company structure and Stellar
     Capital’s continued listing;
  3) the optimal deployment of available cash resources and
     appropriate levels of gearing; and
  4) ultimately narrowing the discount between the reported
     NAV per share and the share price of the Company.

The advancement of any, or a combination, of the above
proposals may have a material effect on the price of Stellar
Capital’s   securities  and,   accordingly,  shareholders  are
advised to exercise caution when dealing in Stellar Capital’s
securities until either a further announcement is made or this
cautionary announcement is withdrawn.

Withdrawal of resolution to be tabled at AGM

The provisions of paragraph 5.72 of the JSE Listings
Requirements prohibit a company from requesting approval from
shareholders for, or to effect, repurchases of securities
during a closed period.

As a result of the above cautionary announcement, shareholders
are advised that special resolution number 1, which seeks a
general authority for the Company to repurchase shares, is
hereby accordingly withdrawn from consideration at the
Company’s upcoming AGM, to be held on 24 November 2020.

The withdrawal of special resolution number 1 from the AGM
does not affect any proxy form already submitted, or to be
submitted, in respect of other resolutions to be presented at
the AGM.

Cape Town
18 November 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 18-11-2020 09:30:00
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