| Fri 17 Dec 2010, 8:00 | | CPI - Capitec Bank Holdings Limited - Capitec Rights Offer Finalisation |
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CPI
CPI
CPI - Capitec Bank Holdings Limited - Capitec Rights Offer Finalisation
Announcement
CAPITEC BANK HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 1999/025903/06
Share Code: CPI
ISIN Number: ZAE000035861
("Capitec" or "the Company")
CAPITEC RIGHTS OFFER FINALISATION ANNOUNCEMENT
1 INTRODUCTION
Shareholders are referred to the announcements published on the Stock
Exchange News Service ("SENS") on Thursday, 25 November 2010 and on
Thursday, 9 December 2010, whereby Capitec announced its intention to raise
approximately R1.05 billion by way of an underwritten renounceable rights
offer of 8 420 462 new Capitec ordinary shares of R0.01 each ("rights offer
shares") to Capitec ordinary shareholders recorded in the register at the
close of business on Friday, 7 January 2011 ("record date"). The
subscription price is R125.00 per rights offer share. The ratio of the
rights offer is 1 rights offer share for every 10 Capitec ordinary shares
held on the record date.
2 CONDITIONS PRECEDENT
Shareholders are advised that the rights offer is now unconditional as the
circular and related relevant documentation have been lodged with and
registered by the Registrar of Companies in accordance with the Companies
Act (No 61 of 1973), as amended.
The rights offer can thus be implemented in accordance with the timetable
set out in paragraph 3 below. There has been no change to the timetable as
previously published.
3 SALIENT DATES AND TIMES
Last day to trade in Capitec shares in Friday, 31 December 2010
order to settle trades by the record date
for the rights offer and to qualify to
participate in the rights offer on
Capitec shares commence trading ex-rights Monday, 3 January 2011
on the JSE at 09:00 on
Listing of and trading in the letters of Monday, 3 January 2011
allocation commences at 09:00 on
Record date for purposes of determining Friday, 7 January 2011
the Capitec shareholders entitled to
participate in the rights offer at the
close of business on
Circular and, where applicable, form of Monday, 10 January 2011
instruction posted to shareholders on
Rights offer opens at 09:00 on Monday, 10 January 2011
Holders of dematerialised Capitec shares Monday, 10 January 2011
will have their accounts at their Central
Securities Depository Participant ("CSDP")
or broker automatically credited with
their letters of allocation on
Holders of certificated Capitec shares Monday, 10 January 2011
will have their letters of allocation
credited to an electronic register at the
transfer secretaries on
Last day to trade ("LDT") in letters of Friday, 21 January 2011
allocation in order to settle trades by
the record date for the rights offer and
participate in the rights offer at the
close of business on
Last day for form of instruction to be Friday, 21 January 2011
lodged with the transfer secretaries by
holders of certificated Capitec shares
wishing to sell all or part of their
entitlement by 12:00 on
Listing and trading of rights offer shares Monday, 24 January 2011
commences on the JSE at 09:00 on
Record date for letters of allocation on Friday, 28 January 2011
Rights offer closes at 12:00 and payment Friday, 28 January 2011
to be made and form of instruction lodged
by holders of certificated Capitec shares
with the transfer secretaries by that time
on (see note 2)
CSDP/broker accounts credited with rights Monday, 31 January 2011
offer shares and debited with any payments
due in respect of holders of
dematerialised rights offer shares on (see
note 4)
Rights offer share certificates in terms Monday, 31 January 2011
of the rights offer posted to holders of
certificated rights offer shares on or
about
Results of rights offer announced on SENS Monday, 31 January 2011
on
Results of rights offer published in the Tuesday, 1 February 2011
press on
Notes:
1 All times referred to in the announcement are local times in South
Africa.
2 Holders of dematerialised Capitec shares are required to notify their
CSDP or broker of the action they wish to take in respect of the
rights offer in the manner and by the time stipulated in the agreement
governing the relationship between the Capitec shareholder and his
CSDP or broker.
3 Capitec share certificates may not be dematerialised or rematerialised
between Monday, 3 January 2011 and Friday, 7 January 2011, both days
inclusive.
4 CSDPs effect payment in respect of holders of dematerialised rights
offer shares on a delivery versus payment method.
5 To the extent that the rights are accepted, dematerialised
shareholders will have their accounts at their CSDP automatically
credited with their rights and certificated shareholders will have
their rights credited to an account at Computershare Investor
Services.
4 POSTING OF THE RIGHTS OFFER CIRCULAR
Shareholders are advised that a circular containing full details of the
terms of the rights offer and a form of instruction in respect of a letter
of allocation, where applicable, will be mailed to all shareholders
recorded in the register on the record date, on Monday, 10 January 2011.
17 December 2010
Corporate adviser and Sponsor
PSG Capital
Reporting accountants
PricewaterhouseCoopers Inc
Lead independent sponsor
Questco
Underwriter
Sanlam Capital Markets Limited
Date: 17/12/2010 08:00:02 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.
