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Extension of 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: ZAE000034260 ISIN: ZAE000018412
Share Code: CPA Share Code: VTR
Extension of mandatory offer by Corpcapital Investments (Pty) Ltd for the shares
in Vestacor
1 Introduction
Shareholders are referred to the announcement dated 6 January 2003 and the
circular to shareholders dated 6 January 2003 containing details of the
mandatory offer to Vestacor`s remaining shareholders to acquire their shares on
equivalent terms of 86.9 cents per Vestacor ordinary share ("the offer")
following Corpcapital Investments (Pty) Ltd ("Corpcapital Investments")
acquisition of 87 836 674 ordinary shares in Vestacor from PSG Investment Bank
Holdings Limited.
2 Extension of closing date of the offer
The closing date of the offer has been extended from Friday, 31 January 2003
until Friday, 14 February 2003.
Notwithstanding the extension of the closing date of the offer, those
shareholders who have already accepted the offer will receive payment within 7
days of acceptance.
3 Revised salient dates
The following revised 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, 7 February
Shares trade ex the offer Monday, 10 February
Closing date of the offer (16h00)* Friday, 14 February
Record date Friday, 14 February
Results of offer to be announced on SENS Monday, 17 February
Results of offer to be announced in the press Tuesday, 18 February
Payment will be made to shareholders who have
accepted the offer and submitted their documents
of title before the closing date, but who have not
elected to repurchase the offer shares sold by them
from the offeror within 7 days of
valid acceptance
of the offer
Notice in terms of Section 440K of the Act to
be posted to shareholders who have not accepted
the offer (if applicable) Monday, 17 February
Suspension of Vestacor`s listing on the JSE
(with effect from commencement of trading on) Tuesday, 18 February
Termination of Vestacor`s listing on the JSE
(with effect from commencement of trading on) Thursday, 3 April
* 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,
10 February 2003 and Friday, 14 February 2003, both days inclusive.
Rosebank
31 January 2003
COPY LOGOS FROM CORPCAPITAL AD 6/01/03
Corporate advisor and joint sponsor Lead sponsor to Corpcapital
Corpcapital Corporate Finance PricewaterhouseCoopers Corporate Finance
(Proprietary) Limited
Legal advisor to Corpcapital Legal advisor to Vestacor
Corpcapital Transaction Support Fluxmans Attorneys
Independent advisor Sponsor to Vestacor
to Vestacor Minoritoes PSG Capital
Grant Thornton Kessel Feinstein
Corporate Finance (Pty) Ltd
Auditors to Vestacor
Charles Orbach & Company
Date: 31/01/2003 03:43:40 PM Produced by the JSE SENS Department
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