| Fri 11 May 2007, 15:00 | | PSG - PSG - voluntary offer by PSG Group Limited t |
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PSG
PSG
PSG - PSG - voluntary offer by PSG Group Limited to all Capitec
Bank Holdings Limited shareholders
PSG Group Limited
Incorporated in the Republic of South Africa
Registration number 1970/008484/06
JSE share code: PSG & ISIN: ZAE000013017
("PSG")
VOLUNTARY OFFER BY PSG GROUP LIMITED ("PSG") TO ALL CAPITEC BANK HOLDINGS
LIMITED ("CAPITEC") SHAREHOLDERS
DETAILS OF THE OFFER
Shareholders are referred to the PSG announcement on SENS on Thursday, 26
April 2007 and in the press on Monday, 30 April 2007 in which
shareholders were advised that the directors of PSG will make a voluntary
offer to all Capitec shareholders to acquire up to a maximum of 34,9% of
the ordinary issued share capital in Capitec, by means of a share for
share issue in which PSG will issue 1,4545 PSG shares for each Capitec
offer share accepted ("the offer"). The offer is still subject to the
approval of the South African Reserve Bank.
EXTENSION OF THE CLOSING DATE OF THE OFFER
Capitec shareholders should take note of the fact that the offer closing
date has been extended, for the avoidance of doubt, to ensure that those
Capitec ordinary shareholders who accept the offer and are recorded on
the Capitec shareholders register on the Friday, 15 June 2007, being the
record date of the Capitec dividend, are entitled to receive the Capitec
final dividend of 60 cents per Capitec ordinary share. The closing date
of the offer has now been extended to 09h00 on Monday, 18 June 2007.
Important dates and times relating to the offer are as follows:
Last day for Capitec shareholders to trade Friday, 4 May 2007
in order to be eligible to participate in
the offer on
Shares trade ex the right to participate in Monday, 7 May 2007
the offer from the commencement of business
on
Record date on which Capitec shareholders Friday, 11 May 2007
must be recorded in the register of Capitec
shareholders in order to be eligible to
participate in the offer on
Offer document posted to Capitec Monday, 14 May 2007
shareholders and opening date of the offer
on
Closing date of the offer and deemed Monday, 18 June 2007
effective date of disposal of shares by
Capitec shareholders accepting the offer at
09h00 on
Results of offer published on SENS on Monday, 18 June 2007
PSG offer shares posted to certificated Tuesday, 19 June 2007
Capitec shareholders accepting the
offer(subject to receipt by PSG of
documents of title on or prior to the
closing date)on or about
PSG offer shares credited to the CSDP or Tuesday, 19 June 2007
broker, as the case may be, of those
Capitec shareholders who have
dematerialised their Capitec shares and who
have accepted the offer on
Results of offer published in the press on Tuesday, 19 June 2007
Notes:
1. Any further change to the above dates and times will be announced on
SENS and in the press.
2. Certificated Capitec shareholders are required to complete and
return the form of acceptance, surrender and transfer in accordance
with the instructions contained therein to be received by not later
than 09:00 on the closing date of the offer.
3. Capitec shares held by Capitec shareholders accepting the offer may
not be dematerialised or rematerialised between Monday, 7 May 2007
and Monday, 18 June 2007, both days inclusive.
4. Dematerialised Capitec shareholders accepting the offer must notify
their duly appointed CSDP or broker of their acceptance of the offer
in the manner and time stipulated in the agreement governing the
relationship between such Capitec shareholder and his CSDP or
broker.
An offer document containing details of the voluntary offer to Capitec
shareholders, including a form of acceptance, surrender and transfer,
will be posted to Capitec shareholders on Monday, 14 May 2007.
Stellenbosch
11 May 2007
Sponsor
PSG Capital (Pty) Ltd
Date: 11/05/2007 15:00:04 Produced by the JSE SENS Department.
