STELLAR CAPITAL PARTNERS LIMITED - Disclosure of increase in holding of Stellar Capital ordinary shares

Disclosure of increase in holding of Stellar Capital ordinary shares

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06)
Share code: SCP     ISIN: ZAE000198586
("Stellar Capital" or the "Company”)

DISCLOSURE OF INCREASE IN HOLDING OF STELLAR CAPITAL ORDINARY SHARES

Shareholders are referred to the announcements published on
the Stock Exchange News Service on 20 May 2020 and 25 May 2020
in which they were advised of Stellar Capital’s general
repurchases of ordinary shares (“General Repurchases”).

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 Listings Requirements of the JSE Limited, shareholders are
hereby   advised  that   the   Company  has   received  formal
notification in the prescribed form of the following change in
holding in the securities of the Company:

Foxglove Capital Resources Limited’s interest in the total
issued ordinary shares of the Company has increased to 21.27%
as a result of the reduction in the ordinary shares in issue
following the General Repurchases.

As required in terms of section 122(3)(a) of the Act, the
Company has filed the required notice with the Takeover
Regulation Panel.

The board of directors of Stellar Capital accepts
responsibility for the information  contained in this
announcement as it relates to the Company and confirms that,
to the best of its knowledge and belief, such information
relating to the Company is true and that this announcement
does not omit anything likely to affect the importance of such
information.

Cape Town
29 May 2020

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 29-05-2020 10:00:00
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