To view the PDF file, sign up for a MySharenet subscription.

CURRO HOLDINGS LIMITED - Important Dates And Times In Relation To The Rights Offer

Release Date: 03/08/2020 11:00
Code(s): COH     PDF:  
Wrap Text
Important Dates And Times In Relation To The Rights Offer

CURRO HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/025801/06)
JSE Share Code: COH
ISIN: ZAE000156253
(“Curro” or “the Company”)

IMPORTANT DATES AND TIMES IN RELATION TO THE RIGHTS OFFER

INTRODUCTION

Shareholders of Curro (“Shareholders”) are referred to the declaration announcement in
respect of the Curro rights offer published on SENS on 18 June 2020 (“Declaration
Announcement”), in terms of which Shareholders were advised that Curro intends to raise
up to R1 500 000 000 from its Shareholders by way of a partially underwritten non-
renounceable rights offer (“Rights Offer”) of 185 873 606 new Curro ordinary Shares (“Rights
Offer Shares”). Shareholders are hereby advised that the Declaration Announcement is
updated by the important dates and times in relation to the Rights Offer as set out below.

IMPORTANT DATES AND TIMES IN RELATION TO THE RIGHTS OFFER

The important dates and times in relation to the Rights Offer are as follows:

                                                                                         2020

Updated declaration announcement released on SENS                              Monday, 3 August

Finalisation announcement released on SENS                                     Thursday, 20 August

Circular including form of instruction published on Curro’s
website                                                                        Thursday, 20 August

Last day to trade in ordinary shares in order to participate in the
Rights Offer (cum entitlement)                                                 Tuesday, 25 August

Ordinary shares commence trading ex-rights on the JSE at
09:00 on                                                                       Wednesday, 26 August

Nil paid letters of allocation listed and suspended from trading
under code: COHN and ISIN ZAE000288601                                         Wednesday, 26 August

Circular posted/emailed to certificated Shareholders together
with a form of instruction                                                     Thursday, 27 August

Record date for the Rights Offer                                               Friday, 28 August

Rights Offer opens at 09:00 on                                                 Monday, 31 August
                                                                                       
Certificated Shareholders will have their letters of allocation
credited to an electronic account held at the transfer
secretaries of the Company, being Computershare Investor
Services Proprietary Limited (“Transfer Secretaries”) on                       Monday, 31 August

Dematerialised Shareholders will have their accounts at their
CSDP or broker credited with their letters of allocation on                    Monday, 31 August

Circular posted to dematerialised Shareholders on                              Monday, 31 August

Last day to trade in respect of the take-up (no trading permitted
in the form of instruction in respect of the letters of allocation
which is issued for processing purposes only)                                  Tuesday, 1 September

Payment made and form of instruction lodged by certificated
Shareholders wishing to exercise all or part of their entitlement
at the Transfer Secretaries by 12:00 on                                        Friday, 4 September

Rights Offer closes at 12:00 on                                                Friday, 4 September

Record date for take-up in terms of the Rights Offer                           Friday, 4 September

Listing of Rights Offer Shares at the commencement of
business on                                                                    Monday, 7 September

CSDP or Broker accounts in respect of qualifying Shareholders
holding dematerialised shares will be updated with Rights Offer
Shares and debited with any payments due on                                    Monday, 7 September

Rights Offer Shares issued and posted to qualifying
Shareholders holding certificated shares                                       Monday, 7 September

Results of Rights Offer announced on SENS                                      Monday, 7 September

In respect of successful excess applications for non-committed
Rights Offer Shares1 (if applicable), non-committed Rights Offer
Shares1 issued to qualifying Shareholders holding
dematerialised shares and / or share certificates posted to
qualifying Shareholders holding certificated shares                            Wednesday, 9 September

In respect of unsuccessful excess applications for non-
committed Rights Offer Shares1 (if applicable), refunds made to
qualifying Shareholders holding certificated shares                            Wednesday, 9 September

1.   Excess applications will only be allowed in respect the non-committed Rights Offer Shares, being those
     shares for which no commitment to subscribe has been received by the Company from the underwriter,
     namely PSG Financial Service Limited (“Underwriter”).

2.   The above dates and times are subject to change. Shareholders will be notified of any amendments to the
     important dates and times on SENS.

3.   Unless otherwise indicated, all times are South African times.

4.   Shareholders may not dematerialise or rematerialise their shares between Wednesday, 26 August 2020,
     and Friday, 28 August 2020, both dates inclusive.

5.   CSDPs effect payment on a delivery versus payment method in respect of qualifying Shareholders holding
     dematerialised shares.

6.   Curro share certificates will be posted by registered post at the risk of the qualifying Shareholder.

Shareholders are furthermore advised that, as is standard for agreements of this nature, the
Underwriter may in certain instances, terminate the Irrevocable Undertaking and
Underwriting Agreement entered into between the Underwriter and the Company in respect
of the Underwriter’s commitment to follow its rights in terms of the Rights Offer and to
underwrite the Rights Offer, prior to 16:30 on Wednesday, 19 August 2020, whereafter the
right to terminate falls away.

Durbanville
3 August 2020

Sponsor and Transaction Advisor
PSG Capital

Joint independent sponsor
UBS South Africa

Date: 03-08-2020 11:00:00
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.

Share This Story