Casey - Claw-Back Rights Offer: Notice Of Last Day
Casey - Claw-Back Rights Offer: Notice Of Last Day To Trade And Record Date; And
Cautionary Announcement
CASEY INVESTMENT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration No: 1998/016433/06)
("Casey" or "the company")
JSE Code: CSY - ISIN CODE: ZAE000016127
CLAW-BACK RIGHTS OFFER: NOTICE OF LAST DAY TO TRADE AND RECORD DATE; AND
CAUTIONARY ANNOUNCEMENT
The Janus Corporation (Pty) Ltd is authorised to announce that, subject to the
required approval of the JSE Securities Exchange South Africa and the Registrar
of Companies, the board of directors of Casey has resolved to raise R 20 000 000
by way of a claw-back rights offer of Casey shares.
The purpose of the claw-back rights offer is to:
- recapitalise Casey by converting a loan from Black Information Technology
Empowerment Company Limited ("Blitec") to Casey,
- increase the capital base which in turn will increase the size of the company
which will meet the expanding needs and future growth of Casey;
- enable shareholders or their renouncees to apply for their pro rata shares at
an issue price of 30 cents per share; and
- enable shareholders or their renouncees to apply for excess applications up to
a maximum of 15 000 000 new ordinary shares at an issue price of 30 cents per
share.
Notice of last day to trade and record date
Casey ordinary shareholders are advised that the last expected day to trade in
Casey shares so as to be entitled to participate in the claw-back offer is the
close of business on Friday, 15 November 2002
The expected record date in order to be entitled as a shareholder to participate
in the claw-back offer is Friday, 22 November 2002.
A further announcement, giving the terms and salient dates of the claw-back
offer, will be published on Friday, 8 November 2002.
CAUTIONARY ANNOUNCEMENT
The board of directors of Casey wishes to inform shareholders that discussions
are taking place with a view to Casey acquiring an information technology
business solutions business that is partially owned by Blitec. A further
announcement in this regard is likely to be made during December 2002.
Shareholders are accordingly advised to exercise caution when dealing in their
Casey shares.
Johannesburg
1 November 2002
Corporate adviser & sponsor
The Janus Corporation (Pty) Ltd
Auditor and reporting accountants
SAB&T Incorporated
Attorney
Botha Willemse and Wilkinson
Date: 31/10/2002 02:26:32 PM Produced by the JSE SENS Department
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