| Mon 19 Dec 2011, 16:00 | | KAP - KAP International Holdings Limited - Posting of circular and revised |
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KAP
KAP
KAP - KAP International Holdings Limited - Posting of circular and revised
listing particulars
KAP INTERNATIONAL HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1978/000181/06)
Share code: KAP
ISIN: ZAE000059564
("KAP" or "the company")
POSTING OF CIRCULAR AND REVISED LISTING PARTICULARS
Further to the announcement issued on SENS on 18 October 2011 and in the
press on 19 October 2011, KAP shareholders are advised that the company has
posted a Circular and Revised Listing Particulars by registered post, dated
9 December 2011 ("the Circular"), to its shareholders in terms of which KAP
will, subject to the fulfillment of conditions precedent, acquire from
Steinhoff Africa Holdings (Proprietary) Limited ("Steinhoff Africa") the
entire issued ordinary share capital of and all claims on loan account
against Unitrans Holdings Proprietary Limited ("Unitrans"), PG Bison
Holdings Proprietary Limited ("PG Bison"), SHF Raw Materials Proprietary
Limited, Toolplast Holdings Proprietary Limited ("Toolplast") and Roadway
Transport Proprietary Limited ("Roadway") (collectively the "Steinhoff
Industrial Assets"), in exchange for KAP shares and the crediting of a loan
account in favour of Steinhoff Africa (the "Acquisition").
The General Meeting will be held at the offices of PSG Capital Proprietary
Limited on the 1st Floor, Ou Kollege, 35 Kerk Street, Stellenbosch, at 10:00
on Monday, 16 January 2012 for the purposes of considering and, if deemed
fit, passing with or without modification, the resolutions required to give
effect to the Acquisition.
19 December 2011
Johannesburg
Sponsor to KAP: PSG Capital Proprietary Limited
Legal advisor to KAP: Werksmans Inc and Pohl & Stuhlinger Attorneys
Competition law advisor to KAP: Norton Rose
Reporting accountants and auditors: Deloitte & Touche
Independent expert: PricewaterhouseCoopers Corporate Finance
Date: 19/12/2011 16:00:01 Produced by the JSE SENS Department.
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