|
CPI CPIP
CPI
CPI - Capitec rights offer
CAPITEC BANK HOLDINGS LIMITED
Registration number: 1999/025903/06
Share Code: CPI
ISIN Number: ZAE000035861
Share Code: CPIP
ISIN Number: ZAE000083838
("Capitec" or "the company" or "the group")
CAPITEC RIGHTS OFFER
The board of Capitec is pleased to announce that it will proceed with a
renounceable rights offer in terms of which the company intends to raise
approximately R1.05 billion. In terms of the rights offer, ordinary
shareholders of the company will be entitled to subscribe for shares in the
ordinary share capital of the company at a ratio of 1 rights offer share for
every 10 Capitec ordinary shares ("rights offer shares") held on the rights
offer record date, which is still to be finalised and which will be disclosed
to Capitec shareholders in due course ("the rights offer"). It is anticipated
that the rights offer record date will be on or about Friday, 7 January 2011.
The rights offer amounts to 10% of the issued ordinary share capital of the
company. The price per rights offer share is R125, which represents a discount
of 14.8% to the 30 day volume weighted average traded price as at 24 November
2010.
The rights offer will give all ordinary shareholders of Capitec recorded in
the register of shareholders on the rights offer record date an opportunity to
participate in the rights offer.
The net proceeds of the rights offer will be used by the group to optimise the
capital base of the group, expand its infrastructure and branch network and
increase capacity for loan book growth.
PSG Financial Services Limited, a wholly owned subsidiary of PSG Group
Limited, and Thembeka Capital Limited holding in total 38.64% of the issued
ordinary share capital of Capitec have committed irrevocably to take up their
rights offer entitlement in terms of the proposed rights offer. Sanlam Capital
Markets Limited has committed to underwrite the balance of the rights offer.
Declaration and finalisation of the rights offer is subject to registration by
the Companies and Intellectual Property Registration Office of all documents
required to be registered in terms of the Companies Act (Act 61 of 1973), as
amended, and approval by the JSE Limited of the implementation of the rights
offer.
Shareholders are advised that a more detailed announcement will follow in due
course disclosing the pro forma financial effects and salient dates and times
of the rights offer.
Stellenbosch
25 November 2010
Sponsor
PSG Capital
Date: 25/11/2010 16:08:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
