Director’s dealings in securities and notice of change of beneficial interest
Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“Transaction Capital” or “the company”)
DEALINGS IN SECURITIES BY ASSOCIATES OF A DIRECTOR AND NOTICE OF
CHANGE OF BENEFICIAL INTEREST
In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information is disclosed by the company:
Name of director: Jonathan Jawno
Name of company: Transaction Capital
Date of transactions: 22 November 2018
Nature: Indirect; non-beneficial
Nature and class of securities: Off market sale and acquisition of ordinary
shares
Interest of associates: The family of Mr Jonathan Jawno, one of the
founders of Transaction Capital, has
commenced a process to rearrange the
ownership of its interests in Transaction
Capital but with no change in its absolute
holdings in that company.
The family’s look through interest of 59 333
333 Transaction Capital shares, held by
Everglen Capital (Pty) Ltd (“Everglen”), has
been sold to the Kimberley Investment Trust
(“KIT”).
The KIT, of which Jonathan Jawno is a
trustee and contingent discretionary
beneficiary, held one third of the issued
shares of Everglen, which the KIT has
disposed of.
The shareholders of Everglen now comprise
the family trusts of Michael Mendelowitz and
Roberto Rossi in equal proportions. Michael
Mendelowitz and Roberto Rossi are trustees
and contingent discretionary beneficiaries of
their respective family trusts.
Total number of securities: 59 333 333
Price per share: R17.78
Value of transaction: R1 054 946 661
Clearance obtained Yes
Change of beneficial interest in Transaction Capital:
As a result of the above, and in accordance with section 122(3)(b) of the Companies Act, no.
71 of 2008 (as amended) (“the Act”), and paragraph 3.83(b) of the JSE Limited Listings
Requirements, shareholders are hereby advised that the company received formal notification
of the following changes of beneficial interest in the company:
- Everglen has disposed of a beneficial interest in the company such that it now owns
19.45% of the issued ordinary share capital of the company;
- KIT has acquired a beneficial interest in the company such that it now owns 9.72% of
the issued ordinary share capital of the company.
As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice
with the Takeover Regulation Panel.
Dunkeld West
23 November 2018
Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
2
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