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KAAP AGRI LIMITED - Shares Received Pursuant To PSG Group Limiteds Unbundling Of Kaap Agri Shares

Release Date: 13/09/2022 09:00
Code(s): KAL     PDF:  
Wrap Text
Shares Received Pursuant To PSG Group Limited’s Unbundling Of Kaap Agri Shares

KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“Kaap Agri” or the “Company”)

SHARES RECEIVED PURSUANT TO PSG GROUP LIMITED’S UNBUNDLING OF KAAP AGRI SHARES

Shareholders are referred to the finalisation announcement published on the JSE Limited’s
(“JSE”) Stock Exchange News Service on 25 August 2022 by PSG Group Limited
(“PSG Group”), regarding the restructure of PSG Group, including the pro rata distribution in
specie of PSG Group’s shareholding in Kaap Agri to PSG Group shareholders
(“Unbundling”). Certain directors of Kaap Agri (and/or their associates) hold PSG Group
shares and, accordingly, upon implementation of the Unbundling on 12 September 2022,
received Kaap Agri shares in the same ratio and on the same basis applicable to all PSG
Group shareholders. Applicable details regarding the directors (and/or their associates) in
question and the Kaap Agri shares unbundled to them, appear below.

1.
NAME OF DIRECTOR                                Sean Walsh

COMPANY OF WHICH A DIRECTOR                     Kaap Agri Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

TYPE AND CLASS OF SECURITIES                    Ordinary shares

DATE OF TRANSACTION                             12 September 2022

PRICE PER SECURITY (CENTS)                      3 700*

NUMBER OF SECURITIES                            1 105

TOTAL RAND VALUE OF SECURITIES                  R40 885.00

NATURE OF TRANSACTION                           Off-market receipt of Kaap Agri
                                                shares pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

CLEARANCE                                       Not applicable

2.
NAME OF DIRECTOR                                CA Otto

COMPANY OF WHICH A DIRECTOR                     Kaap Agri Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-Executive

TYPE AND CLASS OF SECURITIES                    Ordinary shares

DATE OF TRANSACTION                             12 September 2022

PRICE PER SECURITY (CENTS)                      3 700*

NUMBER OF SECURITIES                            24

TOTAL RAND VALUE OF SECURITIES                  R888.00
 
NATURE OF TRANSACTION                           Off-market receipt of Kaap Agri
                                                shares pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

CLEARANCE                                       Not applicable

3.
NAME OF DIRECTOR                                GM Steyn

COMPANY OF WHICH A DIRECTOR                     Kaap Agri Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-Executive

TYPE AND CLASS OF SECURITIES                    Ordinary shares

DATE OF TRANSACTIONS                            12 September 2022

PRICE PER SECURITY (CENTS)                      3 700*

NUMBER OF SECURITIES                            3 547                                (1)

                                                38 359                               (2)

TOTAL RAND VALUE OF SECURITIES                  R131 239.00                          (1)

                                                R1 419 283.00                        (2)

NAMES OF ASSOCIATES                             George en Miets Beleggings           (1)
                                               (Pty) Ltd

                                                GM Steyn Trust                       (2)

RELATIONSHIPS WITH DIRECTOR                     The director is a director           (1)
                                                and shareholder of the associate

                                                The director is a trustee            (2)
                                                and a beneficiary of the associate

NATURE OF TRANSACTIONS                          Off-market receipt of Kaap Agri
                                                shares pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
THE TRANSACTIONS

CLEARANCE                                       Not applicable


4.
NAME OF DIRECTOR                                WC Michaels

COMPANY OF WHICH A DIRECTOR                     Kaap Agri Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-Executive

TYPE AND CLASS OF SECURITIES                    Ordinary shares

DATE OF TRANSACTION                             12 September 2022

PRICE PER SECURITY (CENTS)                      3 700*

NUMBER OF SECURITIES                            247

TOTAL RAND VALUE OF SECURITIES                  R9 139.00

NATURE OF TRANSACTION                           Off-market receipt of Kaap Agri
                                                shares pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

CLEARANCE                                       Not applicable


5.
NAME OF DIRECTOR                                JH le Roux

COMPANY OF WHICH A DIRECTOR                     Kaap Agri Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-Executive

TYPE AND CLASS OF SECURITIES                    Ordinary shares

DATE OF TRANSACTIONS                            12 September 2022

PRICE PER SECURITY (CENTS)                      3 700*

NUMBER OF SECURITIES                            251                               (1)

                                                33                                (2)

TOTAL RAND VALUE OF SECURITIES                  R9 287.00                         (1)

                                                R1 221.00                         (2)

NAMES OF ASSOCIATES                             Bakenskraal Investments           (1)
                                                (Pty) Ltd

                                                Bakenskraal Trust                 (2)

RELATIONSHIPS WITH DIRECTOR                     The director is a director of     (1)
                                                the associate, as well as a
                                                trustee and beneficiary of
                                                the shareholder of the associate

                                                The director is a trustee         (2)
                                                and a beneficiary of the associate

NATURE OF TRANSACTIONS                          Off-market receipt of Kaap Agri
                                                shares pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
THE TRANSACTIONS

CLEARANCE                                       Not applicable

*The closing price of Kaap Agri shares on the record date for the Unbundling, being
9 September 2022.

Paarl
13 September 2022

Sponsor
PSG Capital

Date: 13-09-2022 09:00:00
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