STRATCORP LIMITED
(Registration number 2000/031842/06)
(JSE Code : STA
ISIN Code : ZAE000034294)
("StratCorp")
ISSUE OF SHARES FOR CASH
The board of directors wishes to inform shareholders that it has completed a
general issue of shares for cash whereby 1 527 679 ordinary shares have been
placed with a number of independent public shareholders at a price of 34
cents each. The price for the issue was determined by the directors on 28
February 2002 based on the weighted average price of 37 cents for the period
from 6 December 2001 to that date. The issue increases the number of shares
in issue from 15 702 213 ordinary shares to 17 229 892 ordinary shares. The
capital raised, amounting to R519 411 will strengthen StratCorp's working
capital base. The cash issue was made in terms of the general authority to
issue shares for cash granted to the board by shareholders at the annual
general meeting held on 5 October 2001.
The financial effects of the issue on the earnings per share and net asset
value of StratCorp based on the audited balance sheet of StratCorp as at 31
August 2001 and for purposes of the earnings per share calculation assuring
that interest of 10% per annum before tax was earned for the six month
period ended 31 August 2001.
Before Pro forma % increase /
After (decrease)
Net asset value per ordinary 42,9 42,0 (2,1)
share (cents)
Net asset value per total
number of shares in issue 9,1 9,7 6,3
(cents)
Earnings per ordinary share 7,6 6,9 (10,1)
(cents)
Headline earnings per ordinary 7,6 6,9 (10,1)
share (cents)
Centurion
4 March 2002
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