| Thu 2 Jun 2011, 13:10 | | COH - Curro Holdings Limited - Curro Rights Offer Finalisation Announcement |
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COH
COH
COH - Curro Holdings Limited - Curro Rights Offer Finalisation Announcement
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1998/025801/06
JSE Alpha Code:COH
ISIN: ZAE000156253
("Curro" or "the Company")
CURRO RIGHTS OFFER FINALISATION ANNOUNCEMENT
Shareholders are referred to the announcement published on SENS on Thursday, 26
May 2011 and Friday, 27 May 2011 in the press announcing Curro`s intention to
list and raise R322.4 million, by way of a partially underwritten renounceable
rights offer of 80 607 040 new Curro ordinary shares with a par value of
R0.00001 each ("Rights Offer Shares") to qualifying Curro shareholders recorded
in the share register at the close of business on Friday, 17 June 2011 ("record
date").
Shareholders are hereby advised that Curro listed on the Altx of the JSE Limited
today and that the terms of the Rights Offer are now finalised. The Rights Offer
Shares will be issued at a share price of 400 cents per Rights Offer Share, in
the ratio of 1 Rights Offer Share for every 1 Curro share held on the record
date.
Shareholders are additionally advised that there has been no change to the
timetable as previously published.
SALIENT DATES AND TIMES
The salient dates and times relating to the Rights Offer are set out below.
2011
Curro lists on Altx Thursday, 2 June
Last day to trade in Curro ordinary shares in Thursday,9 June
order to participate in the Rights Offer (cum
entitlement) on
Curro shares commence trading ex-rights on the Friday, 10 June
JSE at 09:00 on
Listing of and trading in the letters of Friday, 10 June
allocation commences at 09:00 on
Record date for determining the Curro Friday, 17 June
shareholders entitled to participate in the
Rights Offer at close of business on
Curro posts circular to its shareholders and, Monday, 20 June
where applicable, form of instruction on
Rights Offer opens at 09:00 on Monday, 20 June
Dematerialised Curro shareholders will have Monday, 20 June
their accounts at their CSDP or broker credited
with their letters of allocation on
Certificated Curro shareholders will have their Monday, 20 June
letters of allocation credited to an electronic
register at the transfer secretaries
Last day to trade in letters of allocation on Friday, 1 July
the JSE in order to participate in the Rights
Offer
Last day for form of instruction to be lodged Friday, 1 July
with the transfer secretaries by holders of
certificated Curro shares wishing to sell all
or part of their entitlement by 12:00 on
Listing of Rights Offer Shares and trading Monday, 4 July
therein on the JSE commences at 09:00 on
Record date for the letters of allocation on Friday, 8 July
Rights Offer closes at 12:00 and payment to be Friday, 8 July
made and form of instruction lodged by
certificated shareholders at the transfer
secretaries on
CSDP/broker accounts credited with Rights Offer Monday, 11 July
Shares and debited with any payments due in
respect of the holders of dematerialised Rights
Offer Shares on
Rights Offer Shares certificates in terms of Monday, 11 July
the Rights Offer posted to holders of
certificated Rights Offer Shares on or about
Results of Rights Offer announced on SENS on Monday, 11 July
Notes:
- All times referred to in the announcement are local times in South Africa.
- Holders of dematerialised Curro 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 Curro shareholder and his CSDP or broker.
- Curro share certificates may not be dematerialised or rematerialised
between, Friday, 10 June 2011, and Friday, 17 June 2011, both days
inclusive.
- CSDPs effect payment in respect of holders of dematerialised Rights Offer
Shares on a delivery versus payment basis.
- 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.
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
will be posted, on or about 20 June 2011, to all shareholders recorded in the
register on the record date.
Cape Town
2 June 2011
Corporate adviser: PSG Capital (Proprietary) Limited
Designated adviser: QuestCo Sponsors (Proprietary) Limited
Independent reporting accountants: Deloitte & Touche
Underwriter: PSG Financial Services Limited
Date: 02/06/2011 13:10:01 Produced by the JSE SENS Department.
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