StratCorp - ANNOUNCEMENT OF A RIGHTS OFFER
STRATCORP LIMITED
(Registration number 2000/031842/06)
(JSE Code: STA & ISIN: ZAE000034294)
("StratCorp" or "the Company")
ANNOUNCEMENT OF A RIGHTS OFFER
1. INTRODUCTION
Shareholders are advised that the board of directors of StratCorp has
resolved to raise additional capital by way of a rights offer of the ordinary
shares to shareholders of StratCorp ("the rights offer").
2. THE PURPOSE OF THE RIGHTS OFFER
The purpose of the rights offer is to raise approximately R2 534 248
(before expenses) which will be utilised to further pursue business
opportunities in the private equity, investment instruments and property
management businesses.
3. SALIENT DATES RELATING TO THE RIGHTS OFFER
3.1 Last day to trade:
The last day to trade in order to participate in the rights offer
will be Friday, 15 November 2002.
3.2 Record date:
Shareholders who are recorded as such in the books of the company at
the close of business on Friday, 22 November 2002, will be entitled to
participate in the rights offer.
3.3 Terms of the rights offer:
Number of shares offered 5 068 497
Ratio of entitlement 29.41176
Rights offer price per share 50 cents
Maximum amount to be raised R2 534 248
Maximum number of shares to be issued and listed
on the JSE Securities Exchange South Africa ("the JSE")
after the rights offer 5 068 497
4. CONDITIONS PRECEDENT
The rights offer is conditional upon, inter alia:
The granting by the JSE of listings for the letters of allocation pertaining to
the shares and the shares to be issued pursuant to the rights offer;
The registration by the Registrar of Companies of all documents required in
respect of the rights offer.
5. FURTHER ANNOUNCEMENT
A further announcement setting out the finalisation information relating to
the rights offer will be published on or about Friday, 8 November 2002.
Pretoria
1 November 2002
MERCHANT BANK SPONSOR
Marriott Merchant Bank Exchange Sponsors
Limited (Proprietary) Limited
Date: 31/10/2002 05:15:00 PM Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
