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CA SALES HOLDINGS LIMITED - Results Of The Odd-Lot Offer

Release Date: 24/07/2023 14:30
Code(s): CAA     PDF:  
Wrap Text
Results Of The Odd-Lot Offer

CA SALES HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number: 2011/143100/06
Registered as an external company in the Republic of Botswana
Botswana registration number: BW00001085331
JSE Limited (“JSE”) share code: CAA
Botswana Stock Exchange (“BSE”) share code: CAS-EQO
ISIN: ZAE400000036
(“CA&S” or the “Company”)

RESULTS OF THE ODD-LOT OFFER

INTRODUCTION

Shareholders are referred to the SENS and X-News announcement that was published on
26 June 2023, confirming that the odd-lot offer (“Offer”) is unconditional and will be implemented
accordingly.

Shareholders are hereby advised of the results of the Offer, which closed on Friday,
21 July 2023.

RESULTS OF THE OFFER

                              Number of            Number of           Number of          Total CA&S
                          CA&S ordinary        CA&S ordinary       CA&S ordinary            ordinary
                                 shares       shares sold by      shares sold by         shares sold
                            retained by             election            default*
                               election

Certificated                          0                    0                  89                  89

Dematerialised                   22 994               67 686              32 250              99 936

Total                            22 994               67 686              32 339             100 025

* Odd-lot Holders who did not make an election were automatically regarded as having chosen to dispose
  of their odd-lot holdings.

Accordingly, the Company repurchased a total of 100 025 CA&S ordinary shares from qualifying
shareholders, representing 0.02% of the total issued share capital of the Company for a total
consideration of R706 283.02. The Offer has enabled the Company to reduce the number of CA&S
shareholders by approximately 35% (4 131 shareholders), which will result in an administration cost
saving for the Company in future.

The CA&S ordinary shares repurchased in terms of the Offer will be delisted on or about Thursday, 27
July 2023, and accordingly the total issued ordinary share capital of the Company will be reduced from
474 970 082 to 474 870 057 CA&S ordinary shares, of which zero are treasury shares.

The requisite payments to qualifying shareholders as a result of the Offer will be made today, Monday,
24 July 2023.

Centurion
24 July 2023

Transaction Advisor and JSE Sponsor                      BSE Sponsoring Broker
PSG Capital                                              Imara Capital Securities

Date: 24-07-2023 02:30:00
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