| Mon 26 Jul 2004, 17:31 | | Capitec Bank Holdings Limited - Results Of The Odd |
|
Capitec Bank Holdings Limited - Results Of The Odd-Lot Offer
Capitec Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
(`Capitec` or `the company`)
JSE share code: CPI ISIN: ZAE000035861
RESULTS AND IMPLEMENTATION OF THE ODD-LOT OFFER
PSG Capital Limited is authorised to announce that the odd-lot offer to ordinary
shareholders who held less than 500 ordinary shares (`odd-lots`) in Capitec
(`odd-lot holders`) at the close of business on Friday, 23 July 2004, has been
duly implemented.
Results of the odd-lot offer
Shareholders are advised that in terms of the odd-lot offer :
Cash alternative : Capitec Bank Limited (`Capitec Bank` or `the bank`), duly
authorised in terms of a specific authority granted at the annual general
meeting of the company held on 26 May 2004, purchased 195 164 ordinary Capitec
shares (`shares`) at 690 cents per share from 1675 odd-lot holders electing to
sell their odd-lots as well as odd-lot holders holding less than 100 shares who
failed to make any election by 12:00 on Friday, 23 July 2004, who as a result
were deemed to have sold their odd-lots to the bank. The total consideration
paid in respect of the cash alternative was R1 346 632.
Purchase alternative : Capitec Bank sold 124 506 shares of the shares acquired
in terms of the cash alternative at 627 cents per share to 447 odd-lot holders
electing to increase their odd-lots to 500 shares at 627 cents per share. The
total consideration received in respect of the purchase alternative was R780
653.
Retention alternative : 332 odd-lot holders elected to retain 65 333 shares.
The net effect of the odd-lot offer is to decrease the number of shareholders by
approximately 35%.
Implementation of the odd-lot offer
Odd-lot holders who hold their shares in certificated format must note that :
in instances where the cash alternative has been elected, cheques representing
the proceeds of the sale of the odd-lots will be dispatched by registered post
from Monday, 26 July 2004, or within five business days after surrender of the
documents of title, whichever is the later; and
in the case of odd-lot holders holding less than 100 shares where no election
has been made, such documents of title will have no value after Monday, 26 July
2004 and cheques representing the proceeds of the deemed sale of the said odd-
lots will be dispatched by registered post from Monday, 26 July 2004.Odd-lot
holders who hold their shares in certificated format, who elected to sell, but
who have not yet submitted their documents of title to the transfer secretaries,
Computershare Limited, Ground Floor, 70 Marshall Street, Johannesburg, 2001 or
PO Box 61051, Marshalltown, 2107, are reminded to do so in order to receive
their proceeds of the odd-lot offer. These odd-lot holders are also reminded
that their documents of title ceased to be good for trade or delivery on the JSE
Securities Exchange South Africa with effect from the close of business on
Friday, 23 July 2004.
where the purchase alternative has been elected, new share certificates will be
dispatched by registered post at the risk of the odd-lot holder concerned on or
about Monday, 26 July 2004
Odd-lot holders with dematerialised shareholdings.
Any change in the number of shares held and/or any amounts payable/receivable by
an odd-lot holder will automatically be recorded and debited/credited on Monday,
26 July 2004 in the odd-lot holder`s account with the Central Securities
Depository Participant or broker selected by the odd-lot holder.
26 July 2004
Stellenbosch
Sponsor
PSG Capital Limited
Date: 26/07/2004 05:30:18 PM Produced by the JSE SENS Department
