| Mon 31 Jan 2011, 13:41 | | CPI - Capitec Bank Holdings Limited - Capitec Rights Offer Results Announcement |
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CPI
CPI
CPI - Capitec Bank Holdings Limited - Capitec Rights Offer Results 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 RESULTS ANNOUNCEMENT
Shareholders are referred to the announcements of the Capitec rights offer
published on the JSE Limited ("JSE") Stock Exchange News Service ("SENS") on 25
November 2010, 9 December 2010 and 17 December 2010 and the circular dated 10
January 2011 detailing the terms of the said offer. In terms hereof Capitec
announced the raising of 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 qualifying Capitec ordinary shareholders ("rights
offer").
The rights offer shares were issued in the ratio of 1 rights offer share for
every 10 Capitec ordinary shares held on the record date, being Friday, 7
January 2011 ("record date") at a subscription price of R125.00 per rights offer
share.
The results of the rights offer, which closed on Friday, 28 January 2011, are as
follows:
Number of rights % of rights offer
offer shares shares
Rights offer shares available for 8 420 462 100%
subscription
Rights offer shares subscribed for 8 394 469 99.69%
by Capitec shareholders
Rights offer shares to be issued to 25 993 0.31%
the underwriter
Sanlam Capital Markets Limited ("SCM" or "the underwriter") agreed to underwrite
the rights offer up to a maximum amount of R646 million, represented by 5 166
992 rights offer shares. SCM will settle the issue price of the rights offer
shares to be issued to them, which they subscribed for pursuant to their
underwriting obligations, in cash.
For Capitec shareholders who have subscribed for the rights offer:
i) share certificates will be posted to the holders of certificated Capitec
shares on or about Monday, 31 January 2011; and
ii) the Central Securities Depository Participant ("CSDP") or broker accounts
of holders of dematerialised Capitec shares will be credited with the
rights offer shares and debited with any payments due on Monday, 31 January
2011.
31 January 2011
Corporate adviser and sponsor
PSG Capital (Pty) Limited
Lead independent sponsor
Questco Sponsors (Pty) Limited
Reporting accountants
PricewaterhouseCoopers Inc
Underwriter
Sanlam Capital Markets Limited
Date: 31/01/2011 13:41:08 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.
