Peregrine annual report 2009 » Details of principal subsidiary companies

Peregrine annual report 2009 » Financials » Details of principal subsidiary companies – Annexure A

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as at 31 March

Annexure A

Nature of business		% holding		Cost of investment		Indebtedness
		2009	2008	2009	2008	2009	2008
				R’000	R’000	R’000	R’000

Companies:
Directly held
Peregrine Financial Services Holdings Ltd	Holding company	100	100	7 195	7 195	58 730	71 864
Indirectly held
Citadel Holdings Ltd	Wealth management	100	100
Direct Securities (Pty) Ltd	Financial broking	100	100
Peregrine Capital (Pty) Ltd	Asset management	50	50
Peregrine Collective Investments (Pty) Ltd	Asset management	65	65
Peregrine Direct Limited	Financial broking	100	100
Peregrine Capital Management (BVI) Ltd	Asset management	70	70
Peregrine Derivatives (Pty) Ltd	Financial broking	100	100
Peregrine Equities (Pty) Ltd	Financial broking	100	100
Peregrine Financial Products (Pty) Ltd	Financial structuring	100	100
Peregrine Investment Managers (Pty) Ltd	Asset management	100	100
Peregrine Management Services (Pty) Ltd	Management services	100	100
Peregrine iQ (Pty) Ltd	Asset management	60	60
Peregrine Securities (Pty) Ltd	Financial services	100	100
Peregrine Strategic Investments (Pty) Ltd	Investment holding company	100	100
Peregrine Structuring (Pty) Ltd	Financial structuring	100	100
Stenham Ltd	Asset and property management and trade finance services	52.8
TWF Investments (Pty) Ltd	Investment banking	70	70


Share Trusts:
Directly held
Peregrine Share Incentive Trust		100	100			13 000	-
Indirectly held
Citadel Holdings Ltd Employee Share Participation Scheme		100	100
Deloitte Private Clients Employee	Share Trust	100	100


Partnership:
Directly held
Firefly Investments 61	Investment banking	50	50

				7 195	7 195	71 730	71 864

A comprehensive list of subsidiaries is available on request at the registered office of the company. Peregrine Capital Management (BVI) Ltd and Peregrine Direct Ltd are incorporated in the British Virgin Isles. Citadel Holdings Ltd owns 100% of the issued share capital of Citadel Offshore Holdings Ltd which company and its subsidiaries are incorporated in Guernsey. Stenham Ltd and its subsidiaries are incorporated in the UK, British Virgin Isles and Guernsey. All other subsidiary companies are incorporated in the Republic of South Africa. The amounts due by Peregrine Financial Services Holdings Ltd and the Peregrine Share Incentive Trust to Peregrine Holdings Limited are unsecured, interest free and repayable on demand. It is not anticipated that the amounts will be repaid within a period of less than one year.