Capital Alliance: Renounceable Rights Offer, Notic
Record Date
Capital Alliance Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1952/000756/06)
Share code: CPT ISIN Code: ZAE000011904
("CAH")
A RENOUNCEABLE RIGHTS OFFER, NOTICE OF LAST DAY TO TRADE AND RECORD DATE
ANNOUNCEMENT
1. INTRODUCTION
Further to the announcement dated 27 August 2001, Investec Bank Limited
("Investec") is authorised to announce that CAH will raise R517,5 million,
before expenses, by way of a renounceable rights offer of 45 million
ordinary shares in the capital of CAH ("the rights shares") at a price of 1
150 cents per rights share ("rights offer"). Ordinary shareholders of CAH
who are registered as such on Thursday, 20 September 2001 ("the last day to
trade") will have the right to subscribe for 32,76724 new rights shares for
every 100 ordinary shares held by them on the last day to trade. Upon their
issue, the rights shares that are allotted in terms of the rights offer will
rank pari passu with the previously issued ordinary shares of CAH.
Application has been made to the JSE Securities Exchange South Africa
("JSE") for the listing of the renounceable (nil paid) letters of allocation
("letters of allocation") and the listing of the rights shares.
2. CONDITIONS PRECEDENT
The rights offer is conditional upon:
* CAH shareholders passing an ordinary resolution authorising the directors
to issue the unissued ordinary shares for the rights offer; and
* the registration by the Registrar of Companies of all documents required
for the rights offer.
3. DECLARATION DATA 2001
Last day to trade for purposes of determining
the ordinary shareholders of CAH entitled to
participate in the rights offer on Thursday, 20 September
Ordinary shares trade ex-rights on the JSE on Friday, 21 September
Listing of and dealing in the letters of allocation
commences on the JSE on Friday, 21 September
Record date for purposes of determining the ordinary
shareholders of CAH entitled to participate in the
rights offer on Friday, 28 September
CAH shareholders should note that CAH is now trading in the STRATE
environment in terms of which settlement takes place five business days
after the trade. Therefore, CAH shareholders who acquire CAH shares after
the last day to trade (Thursday, 20 September 2001) will not be registered
in the register on the record date (Friday, 28 September 2001) and will not
be entitled to participate in the rights offer.
4. STRATE
CAH shareholders may not de/rematerialise their CAH shares between Thursday,
13 September 2001 and Friday, 28 September 2001. If CAH shareholders have
not yet dematerialised their CAH shares, they will not be able to trade
their letters of allocation, but may still participate in the rights offer.
Shareholders are further reminded that it takes between 24 hours and 10 days
to de/rematerialise, depending on the volumes being processed by STRATE at
that time.
Johannesburg
6 September 2001
Merchant bank
Investec Corporate Finance
Investec Bank Limited
(Registration number 1969/004763/06)
Corpoate adviser
HR Levin
Joint sponsor
Investec Bank Limited
(Registration number 1969/004763/06)
Lead Sponsor to the transaction
PricewaterhouseCoopers
Corporate Finance (Pty) Ltd
(Registration number 1970/003711/07)
Independent reporting accountants
PricewaterhouseCoopers Inc.
Chartered Accountants (SA)
Registered Accountants & Auditors
(Registration no. 1998/012055/21)
Legal adviser
Jowell, Glyn & Marais Inc
(Registration number 1990/000849/21)
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.
