Connection Group Holdings Limited - Results Of The
Release Date: 12/11/2002 17:56:01 Code(s): CCT
Connection Group Holdings Limited - Results of the odd lot offer and pro-rata
share buyback
Connection Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/005390/06)
Share Code: CCT
ISIN: ZAE000016630
("Connection")
Results of the odd lot offer and pro-rata share buyback
1. Introduction
On Friday 20 September 2002 it was announced that the directors of
Connection had proposed an odd lot offer, a pro-rata share buyback and a
consolidation of the share capital.
Shareholders are advised that the odd lot offer, the share buyback and the
consolidation have been implemented.
2. Results of the odd lot offer
The total number of shares made available by those odd lot holders who
elected to sell their odd lot holdings and by those who failed to make an
election and who were therefore deemed to have sold their odd lot holdings,
is 142 652 shares. 30 576 shares were sold to those odd lot holders who
elected to increase their holdings to 1 000 shares and the balance of
112 076 shares were purchased by Connection at 40 cents per share for a
total consideration of R44 830.40.
3. Results of the pro-rata share buy back
A total of 73 840 shares were purchased under the pro-rata and excess pro-
rata offers at 40 cents per share for a total consideration of R29 536.00.
4. JSE Securities Exchange South Africa ("JSE") listing
As all of the shares repurchased were purchased by Connection`s wholly-
owned subsidiary, Software Connection (Proprietary) Limited, none of the
shares will be cancelled nor will the JSE listing in terms of those shares
be terminated
Sandton
12 November 2002
Merchant bank and Legal adviser Reporting
sponsor Paul Botha Inc. accountants
Rand Merchant Bank Deloitte & Touche
Corporate Finance
FOR FURTHER INFORMATION PLEASE CONTACT:
Connection Group Holdings Limited
Grattan Kirk, Group Financial Director
Telephone: (011) 258 8016
Date: 12/11/2002 05:55:45 PM Produced by the JSE SENS Department
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