Capitec - Preference share private placement and l
CPI
CPI
Capitec - Preference share private placement and listing
Capitec Bank Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/025903/06)
JSE share code: CPIP & ISIN: ZAE000083838
("Capitec" or "the company")
PREFERENCE SHARE PRIVATE PLACEMENT AND LISTING
1. Capitec wishes to announce that in terms of the general authority
granted to directors at the Annual General Meeting of the company
held on 24 May 2006, 1 684 211 non-cumulative, non-redeemable, non-
participating preference shares with a par value of 1 cent each in the
authorised share capital of the company ("the preference shares") have
been placed privately with select individuals and financial
institutions over the course of the last 2 weeks at a subscription
price of R95.00 per share, thereby raising R160 000 045("the private
placement").
2 The directors of Capitec have received irrevocable undertakings to
subscribe for the preference shares subject to a minimum subscription
amount of R104 500 per single addressee acting as principal.
3. Capitec wishes to raise cost-effective permanent share capital as part
of a general capital management programme so as to further optimise
the level and structure of the capital base of the group. The funding
has been earmarked for general strategic initiatives, including
possible international expansion, expansion of infrastructure and
branches locally, and to increase Capitec"s capacity for book growth.
4. In compliance with the JSE"s Listings Requirements, a pre-listing
statement will be distributed to shareholders on or about Wednesday,
30 August 2006. It is anticipated that the listing of the preference
shares will commence on Thursday, 31 August 2006.
22 August 2006
Stellenbosch
PSG Capital Limited : Corporate Adviser and Joint Sponsor
BDO Questco (Proprietary) Limited : Lead Sponsor
Jan S. de Villiers Attorneys : Legal Advisers
PricewaterhouseCoopers Chartered
Accountants (SA)
Registered Accountants and Auditors: Auditors
Date: 22/08/2006 11:13:03 AM Produced by the JSE SENS Department
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