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CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED - Finalisation Announcement: Odd Lot Offer and Specific Offer ("the Offers")

Release Date: 18/02/2019 12:58
Code(s): CAT CATP     PDF:  
 
Wrap Text
Finalisation Announcement:  Odd Lot Offer and Specific Offer ("the Offers")

CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/026616/06)
Share code: CAT         ISIN: ZAE000043345
Preference share code: CATP ISIN: ZAE000043352

("Caxton" or "the company")

FINALISATION ANNOUNCEMENT: ODD LOT OFFER AND SPECIFIC OFFER ("THE OFFERS")

Shareholders are referred to the announcement released on SENS on Wednesday, 30 October 2018 and
published in the press on Thursday, 31 October 2018, which contained details of the Offers and the conditions
precedent governing them.

Shareholders are further referred to the announcement released on SENS on Friday, 7 December 2018 and in
the press on Monday, 10 December 2018 wherein they were advised that the special and ordinary resolutions
proposed at the Annual General Meeting held on 7 December 2018 were approved by the requisite majority of
Shareholders present and/or represented by proxy and entitled to vote. Inter alia, these resolutions included the
resolutions required to authorise and implement the Offers and the conditions precedent have therefore been
satisfied.

The 5-day Volume Weighted Average Price ("VWAP") for a Caxton ordinary share on Friday, 15 February
2019 was 751,92637 cents per share, and the Odd Lot Offer Price and Specific Repurchase Price is therefore
902,31164 cents per share (VWAP plus a premium of 20%).

The Circular containing the Offers was distributed to Shareholders today, Monday, 18 February 2019.

The Offers will therefore proceed in accordance with the following dates:
                                                                                                               2019   
Circular distributed to Shareholders on                                                         Monday, 18 February   
Finalisation announcement released on SENS                                                      Monday, 18 February   
Finalisation announcement published in the press                                               Tuesday, 19 February   
Offers open at 09:00 on                                                                      Wednesday, 20 February   
Last day to trade in order to participate in the Offers                                            Tuesday, 5 March   
Shares trade ex the offers                                                                       Wednesday, 6 March   
Forms of Election and Surrender (Odd Lot Offer form coloured green and                              Friday, 8 March   
Specific Offer Form coloured yellow) to be received by transfer secretaries
by 12:00                                 
Offers Record Date (Offers close at 17:00)                                                          Friday, 8 March   
Results of the Offers released on SENS                                                              Friday, 8 March   
Results of the Offers published in the press                                                       Monday, 11 March   
Payment date in respect of Certificated Shareholders who have accepted
either of the Offers                                                                               Monday, 11 March   
Accounts at CSDP or broker updated in respect of Dematerialised                                    Monday, 11 March   
Shareholders who have accepted either of the Offers                                                                   
Cancellation and termination of listing of the Offer Shares                                     Wednesday, 13 March   


To the extent that the distribution of the proceeds of the Odd Lot Offer or the Specific Offer in certain jurisdictions
outside of South Africa may be restricted or prohibited by the laws of such foreign jurisdiction, then this
announcement is deemed to have been provided for information purposes only and the Caxton board accepts
no responsibility for any failure by Odd Lot Offer Shareholders or Specific Offer Shareholders to inform
themselves, and to observe, any applicable legal requirements in any relevant foreign jurisdiction.

The repurchase of Offer Shares will be funded out of contributed tax capital as defined in the Income Tax Act,
No 58 of 1902, as amended.

Odd Lot Offer Shareholders or Specific Offer Shareholders who are in doubt as to their position should consult
their professional advisors.

Johannesburg
18 February 2019

Sponsors
Arbor Capital Sponsors Proprietary Limited



Date: 18/02/2019 12:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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