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Finalisation Announcement: Odd Lot Offer and Specific Offer ("the Offers")
CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/026616/06)
Share code: CAT ISIN: ZAE000043345
Preference share code: CATP ISIN: ZAE000043352
("Caxton" or "the company")
FINALISATION ANNOUNCEMENT: ODD LOT OFFER AND SPECIFIC OFFER ("THE OFFERS")
Shareholders are referred to the announcement released on SENS on Wednesday, 30 October 2018 and
published in the press on Thursday, 31 October 2018, which contained details of the Offers and the conditions
precedent governing them.
Shareholders are further referred to the announcement released on SENS on Friday, 7 December 2018 and in
the press on Monday, 10 December 2018 wherein they were advised that the special and ordinary resolutions
proposed at the Annual General Meeting held on 7 December 2018 were approved by the requisite majority of
Shareholders present and/or represented by proxy and entitled to vote. Inter alia, these resolutions included the
resolutions required to authorise and implement the Offers and the conditions precedent have therefore been
satisfied.
The 5-day Volume Weighted Average Price ("VWAP") for a Caxton ordinary share on Friday, 15 February
2019 was 751,92637 cents per share, and the Odd Lot Offer Price and Specific Repurchase Price is therefore
902,31164 cents per share (VWAP plus a premium of 20%).
The Circular containing the Offers was distributed to Shareholders today, Monday, 18 February 2019.
The Offers will therefore proceed in accordance with the following dates:
2019
Circular distributed to Shareholders on Monday, 18 February
Finalisation announcement released on SENS Monday, 18 February
Finalisation announcement published in the press Tuesday, 19 February
Offers open at 09:00 on Wednesday, 20 February
Last day to trade in order to participate in the Offers Tuesday, 5 March
Shares trade ex the offers Wednesday, 6 March
Forms of Election and Surrender (Odd Lot Offer form coloured green and Friday, 8 March
Specific Offer Form coloured yellow) to be received by transfer secretaries
by 12:00
Offers Record Date (Offers close at 17:00) Friday, 8 March
Results of the Offers released on SENS Friday, 8 March
Results of the Offers published in the press Monday, 11 March
Payment date in respect of Certificated Shareholders who have accepted
either of the Offers Monday, 11 March
Accounts at CSDP or broker updated in respect of Dematerialised Monday, 11 March
Shareholders who have accepted either of the Offers
Cancellation and termination of listing of the Offer Shares Wednesday, 13 March
To the extent that the distribution of the proceeds of the Odd Lot Offer or the Specific Offer in certain jurisdictions
outside of South Africa may be restricted or prohibited by the laws of such foreign jurisdiction, then this
announcement is deemed to have been provided for information purposes only and the Caxton board accepts
no responsibility for any failure by Odd Lot Offer Shareholders or Specific Offer Shareholders to inform
themselves, and to observe, any applicable legal requirements in any relevant foreign jurisdiction.
The repurchase of Offer Shares will be funded out of contributed tax capital as defined in the Income Tax Act,
No 58 of 1902, as amended.
Odd Lot Offer Shareholders or Specific Offer Shareholders who are in doubt as to their position should consult
their professional advisors.
Johannesburg
18 February 2019
Sponsors
Arbor Capital Sponsors Proprietary Limited
Date: 18/02/2019 12:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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