ANNOUNCEMENT
CAPESTAR GROWTH INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1951/004039/06)
("CapeStar")
INTERIM DISTRIBUTION AND CAUTIONARY ANNOUNCEMENT
On 13 March 2001 shareholders were advised that it was the intention of
CapeStar's board of directors ("the board") to make an interim cash
distribution to CapeStar shareholders during the second quarter of 2001.
Shareholders are advised that the board has been and will continue to
consider further alternatives in order to maximise value for CapeStar's
shareholders. In view of the lack of finality of any such alternative and in
the light of the undertaking by the board to make an interim distribution,
the board has decided to effect a distribution of R2,05 per CapeStar share
to shareholders. Friday, 20 July 2001 will be the last day to trade in order
to qualify for the entitlement and Monday, 23 July 2001 will be the first
day to trade excluding the entitlement. Friday, 27 July 2001 will be the
record date and the interim distribution will be payable on Friday, 3 August
2001.
The only remaining unrealised asset still being held by CapeStar, being
Amalda Trading (Proprietary) Limited (trading as Peoples Furniture)
("Peoples Furniture"), is subject to discussions regarding its disposal.
The successful conclusion of any negotiations to implement a better
alternative or the disposal of Peoples Furniture may have an impact on the
price at which the CapeStar shares trade on the JSE Securities Exchange
South Africa ("JSE"). Accordingly, shareholders are advised to exercise
caution in dealing in their CapeStar shares on the JSE until a further
announcement is made.
Cape Town
21 June 2001
Corporate advisor and sponsor
Brait
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
