Unbundling of Capitec Shareholding – Finalisation Announcement
(Incorporated in the Republic of South Africa)
(Registration number: 1970/008484/06)
JSE Limited (“JSE”) share code: PSG
ISIN code: ZAE000013017
LEI code: 378900CD0BEE79F35A34
(“PSG Group” or “the Company”)
Shareholders are referred to the Company’s various announcements released on SENS,
(“Announcements”) regarding the distribution by PSG Group of 32 502 856 ordinary shares
held by it in the issued ordinary share capital of Capitec Bank Holdings Limited (“Capitec”),
comprising approximately 28.11% of the total issued ordinary share capital of Capitec, to PSG
Group ordinary shareholders (“Shareholders”) by way of a pro rata distribution in specie, in
the ratio of 14 Capitec shares for every 100 PSG Group shares held (“PSG Group
Unbundling”), including the announcement confirming Shareholder approval of the PSG
Group Unbundling on 30 July 2020, as well as to the Company’s circular in this regard, dated
1 July 2020 (“Circular”).
Capitalised terms used below and that are not otherwise defined, bear the meanings ascribed
to them in the Circular. The disclaimers set out in the Announcements and the Circular apply
to this announcement.
Shareholders are hereby advised that the remaining procedural requirements to the
implementation of the PSG Group Unbundling have been fulfilled and accordingly the PSG
Group Unbundling will be implemented in accordance with the timeline below.
Finalisation announcement in respect of the PSG Group Monday, 17 August
Unbundling published on SENS on
Finalisation announcement in respect of the PSG Group Tuesday, 18 August
Unbundling published in the South African press on
Last day to trade Shares in order to be recorded in the Register Tuesday, 25 August
to participate in the PSG Group Unbundling on
Announcement in respect of the apportionment of tax costs in Wednesday, 26 August
relation to the PSG Group Unbundling for tax purposes by
Shares trade ex right to the Capitec Distribution Shares Wednesday, 26 August
Announcement in respect of the cash value of fractional Thursday, 27 August
entitlements applicable to the PSG Group Unbundling, by
11:00 on
PSG Group Unbundling Record Date Friday, 28 August
PSG Group Unbundling Completion Date on which Monday, 31 August
Shareholders will have their accounts at their CSDP or Broker
updated to reflect the Capitec Distribution Shares and
fractional entitlements
1. Share certificates may not be dematerialised or re-materialised between Wednesday,
26 August 2020 and Friday, 28 August 2020, both days inclusive.
17 August 2020
Transaction Advisor and Sponsor
PSG Capital Proprietary Limited
Independent Sponsor
UBS South Africa Proprietary Limited
Date: 17-08-2020 12:28:00
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