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COH COHN
COH
COH/COHN - Curro - Curro Rights Offer Results Announcement
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1998/025801/06
JSE Share Code: COH
JSE Share Code: NPL`s - COHN
ISIN: ZAE000156253
ISIN: NPL`s - ZAE000156717
("Curro" or "the Company")
CURRO RIGHTS OFFER RESULTS ANNOUNCEMENT
Shareholders are referred to the announcements of the Curro rights offer
published on the JSE Limited ("JSE") Stock Exchange News Service ("SENS") on 26
May 2011 and 2 June 2011 and the circular dated 20 June 2011 detailing the terms
of the said offer. In terms hereof Curro announced the raising of approximately
R322.4 million by way of a partially underwritten renounceable rights offer of
80 607 040 new Curro ordinary shares of R0.00001 each ("rights offer shares") to
qualifying Curro ordinary shareholders ("rights offer").
The rights offer shares were issued in the ratio of 1 rights offer share for
every 1 Curro ordinary shares held on the record date, being Friday, 17 June
2011 ("record date") at a subscription price of 400 cents per rights offer
share.
The results of the rights offer, which closed on Friday, 8 July 2011, are as
follows:
Number of rights % of rights offer
offer shares shares
Rights offer shares available for 80 607 040 100%
subscription
Rights offer shares subscribed for 80 567 351 99.95%
by Curro shareholders
Rights offer shares to be issued to 39 689 0.05%
the underwriter
PSG Financial Services Limited ("PSG Financial Services" or "the underwriter")
agreed to partially underwrite the rights offer up to a maximum of 24.32% of the
rights offer shares offered, represented by 19 603 520 rights offer shares. PSG
Financial Services 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 Curro shareholders who have subscribed for the rights offer:
i) share certificates will be posted to the holders of certificated Curro
shares on or about Monday, 11 July 2011; and
ii) the Central Securities Depository Participant ("CSDP") or broker accounts
of holders of dematerialised Curro shares will be credited with the rights
offer shares and debited with any payments due on Monday, 11 July 2011.
Cape Town
11 July 2011
Corporate adviser: PSG Capital (Proprietary) Limited
Designated adviser: QuestCo Sponsors (Proprietary) Limited
Independent reporting accountants: Deloitte & Touche
Underwriter: PSG Financial Services Limited
Date: 11/07/2011 09:00:01 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.
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