Kairos - Results Of The Pro Rata Offer
Kairos Industrial Holdings Limited
Incorporated in the Republic of South Africa
Reg no 1987/002927/06
Share code: KIR & ISIN: ZAE000011284
(`Kairos` or `the company`)
RESULTS OF THE PRO RATA OFFER
Shareholders are referred to the announcements dated 15 February 2005 and 9 May
2005, which contained details relating to a pro rata offer to all shareholders
to acquire 10% of their shareholdings (`the pro rata offer`).
The pro rata offer closed at 12:00 on Friday, 17 June 2005. Shareholders holding
17 853 804 shares (7.08%) accepted the pro rata offer. These shareholders also
tendered an additional 1 083 079 shares (0.43%) in excess of their 10%
allocation. As the total number of shares tendered by shareholders in terms of
the pro rata offer was less than 10% of Kairos` issued share capital, the total
excess shares tendered will be accepted in full by the company.
As stated in the circular to shareholders dated 9 May 2005 (`the circular`), KNJ
Industrial Holdings (Pty) Limited, a wholly-owned subsidiary of Kairos, will
repurchase the 18 936 883 (7.51%) shares tendered in terms of the pro rata offer
and will dispose of such shares to the BEE Trust on the terms and conditions set
out in the circular.
Shareholders are reminded of the odd lot offer (detailed in the circular), which
closes at 12:00 on Friday, 1 July 2005. Following completion of the odd lot
offer, as stated in the circular, Shefa Equity Holdings (Pty) Limited (a company
representing the interests of the Shefa Family Trust and indirectly that of Mr
WL van Deventer), the company`s controlling shareholder, will dispose of such
number of shares (on the same terms and conditions as the pro rata offer) so as
to ensure that the BEE Trust`s initial shareholding in the company is not less
than 10%.
Johannesburg
20 June 2005
Transaction advisor and sponsor
Bridge Capital Services (Pty) Limited
Date: 20/06/2005 01:54:10 PM
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