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CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED - Results of Odd Lot Offer and Specific Offer

Release Date: 08/03/2019 16:53
Code(s): CAT CATP     PDF:  
 
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Results of Odd Lot Offer and Specific Offer

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 Code: ZAE0000043352

("the Company")


RESULTS OF ODD LOT OFFER AND SPECIFIC OFFER

1. Shareholders are advised that
-   in terms of the Odd Lot Offer, 670 Odd Lot Shareholders elected, in terms of the cash
    alternative or in terms of a failure to make an election, to sell 21 136 Shares. The
    Company has repurchased these Shares in terms of a specific authority granted to it at the 
    Annual General Meeting held on Friday, 7 December 2018 ("the AGM") for a total
    consideration of R190 713;
-   in terms of the Specific Offer, Specific Offer Shareholders elected to sell 1 774 601
    Shares. The Company has repurchased these Shares in terms of a specific authority
    granted to it at the AGM for a total consideration of R16 012 431.


    The net effect of the Offers is to reduce the to the issued share capital of the Company 
    from 388 777 344 ordinary shares to 386 981 607 ordinary shares. The Shares repurchased have 
    been cancelled and reinstated as unissued share capital and will be delisted from the 
    Johannesburg Stock Exchange with effect from Wednesday, 13 March 2019.


    The ordinary share capital of the Company as a result of the Offers will therefore be:
    Authorised
    1 200 000 000 ordinary shares of 2,5 cents each
    Issued
    386 981 607 ordinary shares of 2,5 cents each
    Unissued
    813 018 393 ordinary shares of 2,5 cents each

2.  Implementation of the Offers
    Offers Shareholders with Certificated Shareholdings

    Cheques/ electronic transfers in respect of the consideration due will be posted/ effected at
    the risk of the Offers Shareholders concerned on Monday, 11 March 2019, or within five
    business days of the surrender of Documents of Title, whichever is the later.

    Offers Shareholders with Certificated Shareholdings who have not yet submitted their
    Documents of Title to the Transfer Secretaries are reminded to do so in order to receive the
    proceeds of the Offers.

    These Offers Shareholders are reminded that their Documents of Title ceased to be good
    for trade or delivery on the JSE with effect from Friday, 8 March 2019.

    Offers Shareholders with Dematerialised Shareholdings

    Any amounts payable/ receivable by Offers Shareholders will automatically be recorded
    and debited/ credited on Monday, 11 March 2019 in the Offers Shareholder's account with 
    the Central Securities Depository Participant or stockbroker selected by the Offers
    Shareholder.

By order of the board.

Johannesburg
8 March 2019

Sponsor                  Auditors                  Attorneys
Arbor Capital Sponsors   BDO South Africa Inc.     Fluxmans Inc.
Proprietary Limited



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