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CAPITEC BANK HOLDINGS LIMITED - Finalisation Of The Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries

Release Date: 07/11/2019 09:20
Code(s): CPI CPIP CBL22 CBL26 CBL28 CBL27 CBL20 CBL29 CBL24     PDF:  
Wrap Text
Finalisation Of The Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries

Capitec Bank Holdings Limited
Registration number 1999/025903/06
Registered bank controlling company
Incorporated in the Republic of South Africa
JSE ordinary share code: CPI ISIN code: ZAE000035861
JSE preference share code: CPIP ISIN code: ZAE000083838
("Capitec" or "the company")

Capitec Bank Limited
Incorporated in the Republic of South Africa
Registration No. 1980/003695/06
Company code: BICAP
Stock Code: CBL20
ISIN Code: ZAG000102245
Stock Code: CBL22
ISIN Code: ZAG000105305
Stock Code: CBL24
ISIN Code: ZAG000130881
Stock Code: CBL26
ISIN Code: ZAG000136128
Stock Code: CBL27
ISIN Code: ZAG000143884
Stock Code: CBL28
ISIN Code: ZAG000151333
Stock Code: CBL29
ISIN Code: ZAG000158874
(“Capitec Bank” or “the bank”)

FINALISATION OF THE ACQUISITION OF MERCANTILE BANK HOLDINGS LIMITED AND
ITS SUBSIDIARIES (“MERCANTILE”)

Shareholders are referred to the SENS announcement dated 31 October 2019
in which the purchase price for Mercantile was confirmed.

The Boards of Capitec and Capitec Bank are pleased to advise that the
final purchase price was paid today and the acquisition of Mercantile is
therefore concluded.

The acquisition of Mercantile with its focus on established small- to
medium-sized enterprises and entrepreneurs fast tracks Capitec Bank’s
objective to expand its focus to a broader bank strategy.

Capitec Bank welcomes the Mercantile team as well as the clients of the
bank to the Capitec family. We will make every effort to ensure that we
continue to provide excellent services to our retail and business
banking clients. We remain true to our fundamentals of simplicity,
affordability, accessibility and personal service.

7 November 2019
Stellenbosch

Sponsor PSG Capital

Date: 07/11/2019 09:20:00
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