KAAP AGRI LIMITED - Acquisition of PEG Retail Holdings - Results of General Meeting

Acquisition of PEG Retail Holdings - Results of General Meeting

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”)


ACQUISITION OF PEG RETAIL HOLDINGS – RESULTS OF GENERAL MEETING


Shareholders are referred to the Company’s various announcements released on SENS
(“Announcements”) in terms of which Kaap Agri advised shareholders of the conclusion of
the agreement between TFC Operations Proprietary Limited, a subsidiary of Kaap Agri, and
Stoney Meadows Investments 22 Proprietary Limited, for the acquisition of 100% of the issued
ordinary shares in and its loan claims against PEG Retail Holdings Proprietary Limited
(“PEG”), and the related loan accounts against a subsidiary of PEG (“Acquisition”), as well
as to the Company’s circular in this regard, dated 4 May 2022 (“Circular”).

Capitalised terms used below, that are not otherwise defined, bear the meanings ascribed to
them in the Circular.

Shareholders are hereby advised that at the General Meeting of the Company held entirely by
electronic communication at 10:00 today, Monday, 6 June 2022, the ordinary resolution was
passed by the requisite majority of Shareholders.

Details of the results of the voting at the General Meeting are as follows:

 Resolutions       Votes for           Votes       Number of       Number of       Number of
 proposed at      resolution         against          Shares          Shares          Shares
 the General            as a      resolution    voted at the      voted as a       abstained
 Meeting          percentage            as a         General      percentage            as a
                    of total      percentage         Meeting    of the votes      percentage
                   number of        of total                     exercisable    of the votes
                      Shares       number of                          at the     exercisable
                voted at the          Shares                         General          at the
                     General    voted at the                         Meeting         General
                     Meeting         General                                         Meeting
                                     Meeting
 
Ordinary              99.99%            0.01%      48 363 559          64.86%           0.04%
 Resolution:
 Approval of
 the
 Acquisition

The total number of Shares in issue (net of treasury Shares) as at the date of the General
Meeting was 70 817 305.

Shareholders are advised that the Acquisition is subject to one remaining condition
precedent, as contemplated in the Circular.

As previously communicated on SENS, the intended effective date of the Acquisition is
1 July 2022.

Paarl
6 June 2022


Transaction Advisor and Sponsor
PSG Capital

Date: 06-06-2022 02:00:00
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