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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