STELLAR CAPITAL PARTNERS LIMITED - Cautionary announcement
SCP 201806180005A
Cautionary announcement
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”)
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Stellar Capital has received a
number of unsolicited expressions of interest to acquire
Amalgamated Electronic Corporation Limited (“Amecor”) and has
decided to undertake a formal disposal process to dispose of
its interest in Amecor. Amecor is the largest supplier of
security communication equipment and networks in the South
African market.
In addition, Stellar Capital is party to negotiations with an
empowered entity to invest in Prescient Holdings (Pty) Ltd
(“Prescient”) to further improve the B-BBEE status of
Prescient. The transaction, if successfully concluded, will
result in Prescient becoming black-controlled. The anticipated
transaction will result in a dilution of Stellar Capital’s
shareholding in Prescient.
These negotiations, if successfully concluded, may have a
material effect on the price at which Stellar Capital shares
trade. Accordingly, shareholders are advised to exercise
caution when dealing in the company's shares until a further
announcement is made.
Cape Town
18 June 2018
Sponsor and financial advisor to the Amecor disposal
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 18/06/2018 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
