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COH
COH
COH - Curro - Update to Shareholders regarding the Curro Rights Offer and
Specific Issue of Shares to Thembeka Capital Limited and Renewal of Cautionary
Announcement
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number: 1998/025801/06
Share code: COH
ISIN: ZAE000156253
("Curro" or "the Company")
UPDATE TO SHAREHOLDERS REGARDING THE CURRO RIGHTS OFFER AND SPECIFIC ISSUE OF
SHARES TO THEMBEKA CAPITAL LIMITED AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the declaration announcement released by the
Company on 28 February 2012 ("the Declaration Announcement"), in terms of which
the Company advised that it will proceed with a partially underwritten
renounceable rights offer ("the Rights Offer") and a specific issue of shares to
Thembeka Capital Limited ("the Specific Issue").
In addition to the above, shareholders are also referred to the announcement
released by the Company on 16 March 2012 relating to the results of the general
meeting at which meeting special resolutions relating to the conversion (from
par value to no par value) and increase of the Company`s share capital were
approved by shareholders ("the Special Resolutions").
Following the above, shareholders are hereby advised that the Company is still
awaiting registration of the Special Resolutions by the Companies and
Intellectual Property Commission and accordingly, the salient dates and times
applicable to the Rights Offer and Specific Issue, as set out in the Declaration
Announcement, are no longer applicable.
A further announcement setting out a revised timetable and the pro forma
financial effects of the Rights Offer and Specific Issue will be made in due
course.
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the renewal of cautionary announcement contained in
the Declaration Announcement and are advised that due to the fact that the
revised timetable and the pro forma financial effects of the Rights Offer and
the Specific Issue must still be disclosed, shareholders are advised to continue
exercising caution when dealing in the Company`s securities until a further
announcement is made
Durbanville
28 March 2012
Corporate Adviser
PSG Capital
Designated adviser
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 28/03/2012 16:03:02 Produced by the JSE SENS Department.
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