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Shareholders' analysis
Preference share redemption
Each preference shareholder has exercised their call option to have their preference shares redeemed either through the issue of ordinary shares subject to the following terms and conditions:
| • |
Options had to have been exercised, no later than 31 December 2013, by providing written notice. |
| • |
The number of ordinary shares to which the preference shareholders was entitled to on redemption was calculated by pre-defined formulae. |
| • |
All options could have been exercised in whole or in part and any options not exercised by 31 December 2013 have automatically lapsed and the preference shares were redeemed in cash at the original subscription price. |
AfroCentric preference shareholders holding 99.68% preference shares have exercised their call options in respect of the redeemable preference shares held by them. AfroCentric has redeemed the redeemable preference shares in respect of which the call options have been exercised by issuing 69 981 412 new ordinary shares in aggregate to such preference shareholders on 3 January 2014.
There are no preference shares in issue at the end of June 2014 and these have been delisted and cancelled.
ORDINARY SHAREHOLDERS
| Shareholder spread |
Number of shareholders |
|
% |
|
Number of shares |
|
% |
|
| 1 – 10 000 shares |
4 051 |
|
67.74 |
|
15 305 093 |
|
3.27 |
|
| 10 001 – 25 000 shares |
1 135 |
|
18.98 |
|
18 940 653 |
|
4.05 |
|
| 25 001 – 50 000 shares |
437 |
|
7.31 |
|
15 511 057 |
|
3.32 |
|
| 50 001 – 100 000 shares |
171 |
|
2.86 |
|
12 988 445 |
|
2.78 |
|
| 100 001 – 500 000 shares |
134 |
|
2.24 |
|
28 464 970 |
|
6.08 |
|
| 500 001 – 1 000 000 shares |
10 |
|
0.17 |
|
6 747 068 |
|
1.44 |
|
| 1 000 001 shares and over |
42 |
|
0.70 |
|
369 897 815 |
|
79.06 |
|
| |
5 980 |
|
100.00 |
|
467 855 101 |
|
100.00 |
|
| Distribution of shareholders |
Number of shareholders |
|
% |
|
Number of shares |
|
% |
|
| Individuals |
5 479 |
|
91.62 |
|
133 976 008 |
|
28.64 |
|
| Nominees and trusts |
265 |
|
4.43 |
|
63 633 252 |
|
13.60 |
|
| Other corporate bodies |
98 |
|
1.64 |
|
39 049 070 |
|
8.35 |
|
| Private companies |
92 |
|
1.54 |
|
230 315 264 |
|
49.22 |
|
| Close corporations |
46 |
|
0.77 |
|
881 507 |
|
0.19 |
|
| |
5 980 |
|
100.00 |
|
467 855 101 |
|
100.00 |
|
| Public/non-public shareholder spread |
Number of shareholders |
|
Number of shares |
|
% |
|
| 2014 |
|
|
|
|
|
|
| Non-public shareholders |
|
|
|
|
|
|
| Directors |
19 |
|
191 428 085 |
|
40.92 |
|
| Associate of Directors |
3 |
|
24 307 111 |
|
5.20 |
|
Shareholders owning 10% or more of the securities
(excluding Directors' indirect beneficial holdings) |
5 958 |
|
52 119 905 |
|
53.88 |
|
| Public shareholders |
4 825 |
|
467 855 101 |
|
100.00 |
|
| Public/non-public shareholder spread |
Number of shareholders |
|
Number of shares |
|
% |
|
| 2013 |
|
|
|
|
|
|
| Non-public shareholders |
|
|
|
|
|
|
| Directors |
6 |
|
115 442 621 |
|
42.76 |
|
| Associate of Directors |
2 |
|
7 360 000 |
|
2.73 |
|
Shareholders owning 10% or more of the securities
(excluding Directors' indirect beneficial holdings) |
2 |
|
70 998 327 |
|
26.29 |
|
| Public shareholders |
4 815 |
|
76 209 691 |
|
28.22 |
|
| |
4 825 |
|
270 010 639 |
|
100.00 |
|
| Major shareholders holding more than 5% of the issued share capital |
Number of shares |
|
% |
|
| 2014 |
|
|
|
|
| Community Investment Holdings |
61 283 522 |
|
13.10 |
|
| Golden Pond 175 (Pty) Ltd |
67 519 752 |
|
14.43 |
|
| AfroCentric Empowerment Trust |
34 427 200 |
|
7.36 |
|
| Community Healthcare Holdings (Pty) Ltd |
61 826 667 |
|
13.21 |
|
| |
225 057 141 |
|
48.10 |
|
| Major shareholders holding more than 5% of the issued share capital |
Number of shares |
|
% |
|
| 2013 |
|
|
|
|
| Community Investment Holdings |
50 526 916 |
|
18.71 |
|
| Golden Pond 175 (Pty) Ltd |
36 571 127 |
|
13.54 |
|
| AfroCentric Empowerment Trust |
34 427 200 |
|
12.75 |
|
| Community Healthcare Holdings (Pty) Ltd |
30 878 043 |
|
11.44 |
|
| |
152 403 286 |
|
56.44 |
|
Background to our shareholding structure:
In 2006 AfroCentric embarked on a restructuring and recapitalisation programme.
At that time, two beneficiaries, which represented a broad base of historically disadvantaged South Africans (“HDSAs”), were invited to participate via the formation of the AfroCentric Empowerment Trust (“ACET”). As part of the recapitalisation programme, ACET acquired 51% of the AfroCentric ordinary share capital.
The two beneficiaries of ACET are the South African Council of Churches and the Fort Hare Foundation. Both of these institutions play a pivotal role in the transformation of
our country.
Our largest shareholders are Community Investment Holdings, the ACET and Golden Pond. They represent the membership of the South African Medical and Dental Practitioners Association, medical professionals who are substantial HDSAs or of HDSA parentage. |
