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Corpcapital - Results of mandatory offer by Corpcapital Investments (Pty) Ltd to
Vestacor shareholders
Corpcapital Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/011384/06)
Share code: CPA
ISIN ZAE000034260
("Corpcapital")
Vestacor Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/017285/06)
Share Code: VTR
ISIN: ZAE000018412
Results of mandatory offer by Corpcapital Investments (Pty) Ltd to Vestacor
shareholders
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. Results of Offer
Shareholders representing 94 590 741 shares in Vestacor (being 96,3% of the
shares in respect of which the offer was made), have accepted the offer. Of
these:
- Shareholders representing 88 151 205 shares in Vestacor elected to re-
purchase such shares from the Offeror;
- Shareholders representing 6 439 536 shares in Vestacor did not elect to
repurchase such shares from the Offeror;
3. Notice in terms of section 440K of the Companies Act
As detailed in the circular dated 6 January 2003, the Offeror will acquire the
remaining shareholders` shares in Vestacor pursuant to the provisions of section
440K of the Companies Act (Act 61 of 1973), as amended. Notices in this regard
will be despatched to these shareholders without delay.
4. Remaining salient dates
2003
Suspension of Vestacor`s listing on the
JSE Securities Exchange South Africa ("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
Rosebank
17 February 2003
Corporate advisor and joint sponsor
CorpCapital Corporate Finance
(a sponsir registered with the JSE Securities Exchange of South Africa)
Lead sponsor to Corpcapital
PriceWaterhouseCoopers
PricewaterhouseCoopers
Corporate Finance (Pty) Ltd
(Registration number 1970/003711/07)
Legal advisor to Corpcapital
CorpCapital Transaction Support
Legal advisor to Vestacor
Fluxmans Attorneys
Website:www.fluxmans.com
Fluxmans Inc. Registration no:2000/024775/21
Independent advisor to Vestacor Minorities
Grant Thornton Kessel Feinstein
Corporate Finance (PTY) LTD
(Registration number 2000/002649/07)
Sponsor to Vestacor
PSG Capital
Auditors to Vestacor
Charles Orbach & Company
Chatered Accountants (SA) Registered Accountants and Auditors
Date: 17/02/2003 05:59:51 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department
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