STELLAR CAPITAL PARTNERS LIMITED - Disclosure of changes in securities in terms of section 122 of the Companies Act
SCP 201510270008A
Disclosure of changes in securities in terms of section 122 of the Companies Act
STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 1998/015580/06
Share code: SCP ISIN: ZAE000198586
("Stellar Capital" or the "Company")
DISCLOSURE OF CHANGES IN SECURITIES IN TERMS OF SECTION 122 OF
THE COMPANIES ACT
Shareholders are referred to the SENS announcements dated 6
July 2015 and 21 July 2015 respectively in which it was
disclosed that a vendor consortium of Torre shareholders would
sell their Torre shares to the Company, in exchange for the
settlement of Stellar Capital shares such that Stellar Capital
would own 34.62% of Torre (“Torre Acquisition”). The below
disclosures are as a result of the implementation of the Torre
Acquisition.
In accordance with section 122(3)(b) of the Companies Act, No.
71 of 2008, as amended (the “Act”), and paragraph 3.83(b) of
the Listings Requirements of the JSE Limited, shareholders are
hereby advised that the Company has received formal
notification in the prescribed form of the following movement
in the securities of the Company:
- Asgard Capital Assets Limited has acquired Stellar Capital
shares resulting in an increase of its interest in the
securities of the Company to 19.89% of total ordinary
issued securities;
- SJP Capital Limited has acquired Stellar Capital shares
resulting in an increase of its interest in the securities
of the Company to 15.21% of total ordinary issued
securities;
- VRE Investment (Pty) Ltd has decreased its interest in the
securities of the Company to 5.67% of total ordinary
issued securities by way of dilution due to the Torre
Acquisition; and
- Wikalox Investment (Pty) Ltd has decreased its interest in
the securities of the Company to 2.23% of total ordinary
issued securities by way of dilution due to the Torre
Acquisition.
As required in terms of section 122(3)(a) of the Act, the
Company has filed the required notice with the Takeover
Regulation Panel.
Rosebank, Johannesburg
27 October 2015
Corporate Finance Adviser and Sponsor: Stellar Advisers (Pty)
Ltd
Date: 27/10/2015 09:55:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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