| Mon 12 Sep 2011, 17:30 | | ZED - Zeder Investments Limited - Results of the cash offer by Zeder to all |
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ZED
ZED
ZED - Zeder Investments Limited - Results of the cash offer by Zeder to all
shareholders of Capespan Group Limited
Zeder Investments Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
("Zeder" or "the company")
RESULTS OF THE CASH OFFER BY ZEDER TO ALL SHAREHOLDERS OF CAPESPAN GROUP
LIMITED ("Capespan")
Shareholders are referred to the Zeder cash offer to all Capespan shareholders
to acquire all Capespan ordinary shares not already held by Zeder for an offer
consideration of 225 cents for each Capespan share disposed of in terms of the
offer ("the Cash Offer") the details of which were announced on SENS on
Tuesday, 14 June 2011, contained in the offer circular posted to all Capespan
shareholders on Tuesday, 12 July 2011 and amended as announced on SENS on
Wednesday, 24 August 2011. In addition during the Cash Offer period, Zeder
advised Capespan shareholders that it would continue to acquire Capespan
shares in the market at 225 cents per Capespan share until such time as Zeder
increased its shareholding in Capespan to 49% or the Cash Offer closed
("Market Purchases").
The aforementioned Cash Offer closed at 12h00 on Friday, 9 September 2011 and
shareholders are hereby advised that in terms of the Cash Offer, Zeder
received acceptances from Capespan shareholders holding 2 880 679 Capespan
ordinary shares, constituting approximately 1.0% of the issued ordinary shares
in Capespan.
Shareholders are hereby further advised that Zeder has acquired an additional
34 231 353 ordinary shares, constituting approximately 11.5% of the issued
ordinary shares in Capespan through the Market Purchases.
Prior to the Cash Offer and Market Purchases, Zeder held, directly and
indirectly, approximately 27.7% of the shareholding in Capespan and as a
result of the Cash Offer and Market Purchases has increased their shareholding
in Capespan to approximately 40.2% of the issued ordinary shares in Capespan.
Cheques will be posted to Cash Offer participants or the Cash Offer
consideration will be credited to the offer participants` account at his
Central Security Depository Participant ("CSDP") or broker within six business
days of valid acceptance of the Cash Offer.
Stellenbosch
12 September 2011
Corporate Advisor and Sponsor
PSG Capital
Date: 12/09/2011 17:30:01 Produced by the JSE SENS Department.
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