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STELLAR CAPITAL PARTNERS LIMITED - Redemption of cumulative convertible redeemable preference shares on 31 May 2019

Release Date: 03/05/2019 11:40
Code(s): SCP     PDF:  
Wrap Text
Redemption of cumulative convertible redeemable preference shares on 31 May 2019

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06)
Share code: SCP     ISIN: ZAE000198586
("Stellar Capital")

REDEMPTION OF CUMULATIVE CONVERTIBLE REDEEMABLE PREFERENCE
SHARES ON 31 MAY 2019

Stellar Capital issued 600 Cumulative Convertible Redeemable
Preference Shares ("Preference Shares") at R1 million each on
30 November 2015 to raise R600 million in funding. The
redemption date of the Preference Shares is 31 May 2019.

Shareholders are referred to the finalisation announcements
released by Stellar Capital on the Stock Exchange News Service
on 1 April 2019 and 8 April 2019 relating to the dilution and
disposal of the investments in Prescient and Torre Industries
respectively.

Stellar Capital is pleased to inform shareholders that the
cash proceeds relating to these transactions have been
received and that Stellar Capital now has sufficient cash
resources to fully redeem the Preference Shares by the
scheduled redemption date of 31 May 2019.

Cape Town

3 May 2019

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

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