STELLAR/AMALGAMATED - Results of Shareholders’ Election for Cash and/or Share Consideration in Terms of the Scheme Stellar Capital Partners Limited Amalgamated Electronic Corporation Limited (Incorporated in the Republic of South (Incorporated in the Republic of South Africa) Africa) (Registration number 1998/015580/06) (Registration number 1997/010036/06) Share code: SCP Share Code: AER ISIN: ZAE000198586 ISIN: ZAE000070587 (“Stellar Capital”) (“Amecor”) RESULTS OF SHAREHOLDERS’ ELECTION FOR CASH AND/OR SHARE CONSIDERATION IN TERMS OF THE SCHEME Shareholders are referred to the Circular issued on 14 September 2016. Terms defined therein shall, unless otherwise stated, bear the same meaning in this announcement. Amecor Shareholders are advised that Scheme Participants holding a total of 67 432 638 Amecor Shares elected to receive the Cash Consideration and Scheme Participants holding a total of 2 997 763 Amecor Shares elected to receive the Share Consideration. In terms of the Scheme, Stellar Capital will issue a total number of 5 995 526 Stellar Capital shares to Amecor Shareholders in respect of the Share Consideration and will pay R256 244 024 to Amecor Shareholders in respect of the Cash Consideration. In addition, Stellar Capital will pay R1 000 111.69 interest to Scheme Participants in cash in respect of the Upward Cash Adjustment. Cape Town and Johannesburg 31 October 2016 Financial adviser and sponsor to Stellar Capital RAND MERCHANT BANK (A division of FirstRand Bank Limited) Corporate adviser and sponsor to Amecor Merchantec Capital Date: 31/10/2016 04:30:00 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, information disseminated through SENS.
Email this JSE Sens Item to a Friend.