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CORONATION FUND MANAGERS LIMITED - Results of the odd-lot offer and specific offer

Release Date: 22/04/2024 17:49
Code(s): CML     PDF:  
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Results of the odd-lot offer and specific offer

(Incorporated in the Republic of South Africa)
(Registration number: 1973/009318/06)
Share code: CML
ISIN: ZAE000047353
LEI: 3789001BC9A294E6FF77
("Coronation" or "the Company")


1.     Introduction

1.1.      Shareholders are referred to the circular distributed to shareholders on Tuesday, 27 February
          2024, as supplemented on Wednesday, 28 February 2024 ("Circular"), containing the details of
          the odd-lot offer to all shareholders holding less than 100 (one hundred) ordinary shares in the
          Company ("Odd-lot Offer") and the specific offer to all shareholders holding 100 (one hundred)
          shares or more but equal to or less than 500 (five hundred) shares in the Company ("Specific
          Offer"), collectively referred to as "the Offers".

1.2.      Shareholders are further referred to the finalisation announcement released on Tuesday, 9 April
          2024, which advised shareholders of the Offer price and confirmed that the Offers had become
          unconditional and that the Company would accordingly proceed with the implementation of the

1.3.      Unless otherwise defined herein, capitalised words and terms contained in this announcement
          shall bear the meanings ascribed thereto in the Circular.

2.     Results of the Offers

2.1.      Shareholders are hereby advised that the Offers closed at 12:00 on Friday, 19 April 2024.

2.2.      The results of the Odd-lot Offer are as follows:

                                 Number of           Number of         Number of                 Total number
                                 Coronation          Coronation        Coronation               of Coronation
                                 Shares              Shares sold by    Shares sold by                  Shares
                                 retained by         election          default ¹                  repurchased
                                 election                                                              by the
                                                                                              pursuant to the
                                                                                                Odd-lot Offer

           Certificated                     -                    -               1 010                 1 010

           Dematerialised               13 496                5 323             59 366                64 689

           Total                        13 496                5 323             60 376                65 699

          1. In terms of the Odd-lot Offer, Odd-lot Holders who did not make an election were
             automatically deemed to have agreed to dispose of their Odd-lot Holdings to Coronation
             and to receive the Offer Consideration in respect thereof.

2.3.      The results of the Specific Offer are as follows:

                                Number of           Total number
                                Coronation          of Coronation
                                Shares sold by      Shares
                                election            repurchased
                                                    by the
                                                    pursuant to the
                                                    Specific Offer

          Certificated                        -                  -

          Dematerialised                141 105             141 105

          Total                         141 105             141 105

2.4.     In terms of the Offers, Coronation repurchased a total of 206 804 Coronation Shares, representing
         0.05% of the total issued ordinary share capital of Coronation for a total Offer Consideration of
         R6 952 570.16.

2.5.     The Coronation Shares repurchased by the Company in terms of the Offers will be cancelled and
         delisted on or about Friday, 26 April 2024, and accordingly, the total issued ordinary share capital
         of Coronation will be reduced from 349 799 102 to 349 592 298 Coronation Shares.

Cape Town
22 April 2024

Corporate Advisor and Sponsor
Valeo Capital (Pty) Limited

Date: 22-04-2024 05:49:00
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