Casey - RESULTS OF THE CLAW-BACK RIGHTS OFFER
Casey Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration No: 1998/016433/06)
("Casey"
JSE Code: CSY - ISIN CODE: ZAE000016127
RESULTS OF THE CLAW-BACK RIGHTS OFFER
The Janus Corporation (Pty) Limited is authorised to announce that in terms of
the claw-back rights offer, Black Information Technology Empowerment Company
Limited ("Blitec"), the holding company of Casey subscribed for 66 666 667
ordinary shares at 30 cents per share (equivalent to R20 000 000) by converting
its loan and claims to ordinary shares. These shares were in turn offered to
Casey shareholders. Applications for a total of 9 624 new shares were received
from Casey shareholders (or their renounces), in terms of the claw-back rights
offer.
As a result of the claw-back rights offer, the number of Casey shares in issue
will increase from 8 312 960 shares to 74 979 627
Dematerialised shareholders will have their safe custody accounts credited with
the new Casey shares subscribed for in terms of the claw-back rights offer
today, 17 December 2002 and share certificates in respect of the new Casey
shares subscribed for by certificated shareholders will be mailed to
certificated shareholders on Wednesday, 18 December 2002.
Blitec have renounced 6 922 545 of their ordinary shares in Casey to its
shareholders. This renounciation will result in Blitec holding 87,26% of Casey
and the public holding the balance of 12,74%.
Midrand
17 December 2002
Corporate adviser & Attorney
sponsor Auditor and reporting
accountants
The Janus Corporation SAB&T Incorporated Botha Willemse and
(Pty) Ltd Registered Accountants Wilkinson
and Auditors
Date: 17/12/2002 04:50:00 PM Produced by the JSE SENS Department
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