| Fri 29 Jun 2012, 16:53 | | COH - Curro Holdings Limited - Results of Curro Rights Offer and Specific |
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COH
COH
COH - Curro Holdings Limited - Results of Curro Rights Offer and Specific
Issue
Curro Holdings Limited
Incorporated in the Republic of South Africa
Registration Number 1998/025801/06
JSE Share Code: COH
ISIN: ZAE000156253
("Curro" or "the Company")
RESULTS OF CURRO RIGHTS OFFER AND SPECIFIC ISSUE
Shareholders are referred to the SENS announcements dated 28 February 2012,
28 March 2012, 2 April 2012 and 4 May 2012 ("Announcements") and the circular
dated 21 May 2012 ("Circular"), relating to the Curro rights offer ("Rights
Offer") and the specific issue of shares to Thembeka Capital Limited
("Thembeka" or "the Underwriter").
In terms of the Rights Offer, Curro offered 58 037 069 new Curro ordinary
shares ("Rights Offer Shares") to qualifying Curro ordinary shareholders in
the ratio of 36 Rights Offer Shares for every 100 Curro ordinary shares held
on the Rights Offer record date. The Rights Offer was partially underwritten
by Thembeka up to a maximum of 21 414 497 Curro ordinary shares.
The results of the Rights Offer, which closed on Friday, 29 June 2012, are as
follows:
Number of rights % of rights offer
offer shares shares
Rights offer shares available for 58 037 069 100%
subscription
Rights offer shares subscribed for 57 720 549 99.5%
by Curro shareholders
Rights offer shares to be issued to 316 520 0.5%
the Underwriter
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, 2 July 2012; 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, 2
July 2012.
In terms of the Specific Issue, the Company agreed to issue up to a maximum
of 21 414 497 ordinary shares to Thembeka at 600 cents per share, provided
that the number of shares to be issued to Thembeka in terms of the Specific
Issue would be reduced by the number of shares that Thembeka acquired as the
underwriter of the Rights Offer. Accordingly shareholders are advised that 21
097 977 Curro shares will be issue to Thembeka in terms of the Specific
Issue.
Durbanville
29 June 2012
Corporate adviser: PSG Capital
Designated adviser: Sasfin Capital (a division of Sasfin Bank Limited)
Date: 29/06/2012 16:53:02 Produced by the JSE SENS Department.
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