Acquisition Of Mercantile Bank Holdings Limited And Its Subsidiaries Capitec Bank Holdings Limited Registration number 1999/025903/06 Registered bank controlling company Incorporated in the Republic of South Africa JSE ordinary share code: CPI ISIN code: ZAE000035861 JSE preference share code: CPIP ISIN code: ZAE000083838 ("Capitec" or "the company") Capitec Bank Limited Incorporated in the Republic of South Africa Registration No. 1980/003695/06 Company code: BICAP Stock Code: CBL20 ISIN Code: ZAG000102245 Stock Code: CBL22 ISIN Code: ZAG000105305 Stock Code: CBL24 ISIN Code: ZAG000130881 Stock Code: CBL26 ISIN Code: ZAG000136128 Stock Code: CBL27 ISIN Code: ZAG000143884 Stock Code: CBL28 ISIN Code: ZAG000151333 Stock Code: CBL29 ISIN Code: ZAG000158874 (“Capitec Bank” or “the bank”) ACQUISITION OF MERCANTILE BANK HOLDINGS LIMITED AND ITS SUBSIDIARIES (“MERCANTILE”) Shareholders are referred to the SENS announcements dated 18 June 2018 regarding Capitec Bank’s offer to purchase Mercantile and announcement dated 22 November 2018 that the offer had been accepted. The offer to purchase Mercantile was subject to the requisite regulatory approvals being received. The Boards of Capitec and Capitec Bank are pleased to advise that all the required regulatory approvals have been received and all contractual conditions have been met. The purchase price, to be determined and payable by 6 November 2019, will amount to R3.2 billion, adjusted for the change in the net asset value of Mercantile from 30 April 2018 to 31 August 2019. We will communicate the purchase price during October 2019 after a final review has been conducted of the net asset value. The take-on balances and purchase price allocation will be finalised in December 2019 and communicated thereafter. 9 October 2019 Stellenbosch Sponsor PSG Capital Date: 09/10/2019 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
Email this JSE Sens Item to a Friend.