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Mandatory offer by Corpcapital Investments (Pty) Ltd for the shares in Vestacor
CORPCAPITAL LIMITED VESTACOR LIMITED
("Corpcapital") ("Vestacor")
Reg. no.1983/011384/06 Reg. no. 1996/0017285/06
Isin Code: ZAE000034260 ISIN CODE: ZAE000018412
SHARE CODE: CPA SHARE CODE: VTR
Mandatory offer by Corpcapital Investments (Pty) Ltd for the shares in Vestacor
Introduction
On 29 November 2002 Corpcapital announced that its wholly-owned subsidiary,
namely Corpcapital Investments (Pty) Ltd ("Corpcapital Investments") had
acquired 87 836 674 ordinary shares in Vestacor from PSG Investment Bank
Holdings Limited, and that Corpcapital Investments intended thereafter to comply
with its SRP obligations to make a mandatory offer to Vestacor`s remaining
shareholders to acquire their shares on equivalent terms of 86.9 cents per
Vestacor ordinary share ("the offer"). The terms of the offer include provision
for the termination of Vestacor`s listing on the JSE. The circular containing
details of the offer has now been finalised and is ready for mailing to Vestacor
shareholders.
Conditions precedent
The offer is unconditional.
Salient dates
The following dates and times are important, and accordingly are brought to the
attention of shareholders of Vestacor, in accordance with the requirements of
the JSE`s Listing Requirements for Corporate Actions:
2003
Opening date of the offer (09h00) Monday, 6
January
Last date to trade to accept the offer Friday, 24
January
Shares trade ex the offer Monday, 27
January
Closing date of the offer (16h00)* Friday, 31
January
Record date Friday, 31
January
Results of offer to be announced on Monday, 3
SENS February
Results of offer to be announced in the Tuesday, 4
press February
Payment will be made to shareholders
who have accepted the offer and
submitted their documents of title within 7 days of
before the closing date, but who have valid acceptance
not elected to repurchase the offer of the offer
shares sold by them from the offeror
Notice in terms of Section 440K of the
Act to be posted to shareholders who Monday, 3
have not accepted the offer (if February
applicable)
Suspension of Vestacor`s listing on the Tuesday, 4
JSE (with effect from commencement of February
trading on)
Termination of Vestacor`s listing on Thursday, 20
the JSE (with effect from commencement March
of trading on)
* Dematerialised shareholders are required to notify their duly appointed CSDP
or broker of their acceptance of the offer in the manner and time stipulated in
the agreement governing the relationship between the shareholder and his/her
CSDP or broker.
Share certificates may not be dematerialised or rematerialised between Monday,
27 January 2003 and Friday, 31 January 2003, both days inclusive.
Rosebank
6 January 2003
Corporate advisor and joint sponsor Lead sponsor to
Corpcapital
Corpcapital Corporate Finance PricewaterhouseCoopers Corporate Finance
(Proprietary) Limited
Legal advisor to Corpcapital Legal advisors to Vestacor
Corpcapital Transaction Support Fluxmans Attorneys
Independent advisor to Vestacor Minorities Sponsor to Vestacor
Grant Thornton Kessel Feinstein PSG Capital
Corporate Finance (Pty) Ltd
Auditors to Vestacor
Charles Orbach & Company
Date: 06/01/2003 05:08:22 PM Produced by the JSE SENS Department
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