Stellar Capital / Prescient - Joint cautionary ann
PCT SCP 201604190022A
Stellar Capital / Prescient - Joint cautionary announcement
STELLAR CAPITAL PARTNERS LIMITED PRESCIENT LIMITED
(Incorporated in the Republic of South Africa) (Incorporated in the Republic of South Africa)
(Registration number 1998/015580/06) (Registration number 1936/008278/06)
(“Stellar Capital”) (“Prescient”)
Share code: SCP Share code: PCT
ISIN: ZAE000198586 ISIN: ZAE000163531
JOINT CAUTIONARY ANNOUNCEMENT
Shareholders of Stellar Capital and Prescient are advised that Stellar Capital and Prescient have
entered into exclusive discussions regarding a potential transaction (the “Proposed Transaction”) in
respect of Prescient’s financial services operations (“PFH” or the “Business”).
The Proposed Transaction will be facilitated by Stellar Capital and includes three primary, inter-
conditional steps:
1. The unbundling of PFH to Prescient’s shareholders;
2. The introduction of a significant black economic empowerment (“BEE”) shareholder to PFH;
and
3. A strategic investment by Stellar Capital in PFH via the acquisition of shares from Prescient’s
shareholders who wish to exit their PFH holding gained as a result of the unbundling.
The management team of PFH will remain invested in the Business following the Proposed
Transaction.
The Proposed Transaction, if successfully concluded, may have a material effect on the prices of
Stellar Capital’s and Prescient’s shares. Accordingly, shareholders of Stellar Capital and Prescient
are advised to exercise caution when dealing in Stellar Capital’s and Prescient’s shares, respectively,
until a further announcement is made.
Johannesburg Cape Town
19 April 2016
Merchant bank and sponsor to Stellar Capital Sponsor to Prescient
RAND MERCHANT BANK (A division of Bridge Capital Advisors Proprietary Limited
FirstRand Bank Limited)
Legal advisor to Stellar Capital
Cliffe Dekker Hofmeyr Incorporated
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