REX TRUEFORM CLOTHING COMPANY LIMITED - Acquisition of shares by a consortium and dealings in securities by directors and associates of directors

Acquisition of shares by a consortium and dealings in securities by directors and associates of directors

REX TRUEFORM CLOTHING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO   ISIN: ZAE000006144
JSE share code: RTN   ISIN: ZAE000009700
JSE share code: RTOP  ISIN: ZAE000006151
(“Rex Trueform” or “the company”)


ACQUISITION OF SHARES BY A CONSORTIUM AND DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS


The company has been informed that a sale of shares agreement has been concluded between a consortium (the
“Consortium”) consisting of Geomer Investments (Pty) Ltd (“Geomer Investments”) and Gingko Investments No.
2 (Pty) Ltd (“Gingko Investments”) (acting in concert with the Ceejay Trust (“Ceejay Trust”) and Gingko Trading
(Pty) Ltd (“Gingko Trading”)) as purchaser and the Stewart and Pat Shub Family Trust (the “Shub Family Trust”),
Catherine Radowsky, Andrew Shub and Patricia Shub as sellers, in terms of which the Consortium will acquire
726 600 African and Overseas Enterprises Limited (“AOE”) ordinary shares, 604 045 AOE “N” ordinary shares,
1 241 Rex Trueform ordinary shares and 4 058 Rex Trueform “N” ordinary shares for an aggregate consideration of
R64 999 547.94 (“the transaction”).

The company has been informed that the transaction remains subject to the fulfilment of certain conditions precedent
including securing, to the extent required, the approval of the South African competition authorities. A further
announcement will be released on SENS once the company has been informed that the conditions precedent to the
transaction have been fulfilled.

Shareholders are informed of the following dealings by directors of the company and associates of directors of the
company pursuant to the transaction.

Transaction date:                                   27 June 2017
Price per Rex Trueform ordinary share:              R12.14
Price per Rex Trueform “N” ordinary share:          R11.10
Clearance to deal obtained, where applicable:       Yes

Name of director:                                   Catherine Radowsky
Type of security:                                   “N” ordinary share
Number of securities:                               263
Total value of transaction:                         R2 919.30
Nature of transaction:                              Off-market disposal of shares
Nature and extent of director’s interest:           Direct beneficial

Name of associate:                                  Geomer Investments in concert with the Ceejay Trust, Gingko
                                                    Trading and Gingko Investments
Name of director and relationship to director:      Marcel Golding is a director and majority shareholder of
                                                    Geomer Investments
Type of security:                                   Ordinary share
Number of securities:                               1 241
Total value of transaction:                         R15 065.74
Nature of transaction:                              Off-market acquisition of shares
Nature and extent of director’s interest:           Indirect beneficial

Name of associate:                                  Geomer Investments in concert with the Ceejay Trust, Gingko
                                                    Trading and Gingko Investments
Name of director and relationship to director:      Marcel Golding is a director and majority shareholder of
                                                    Geomer Investments
Type of security:                                   “N” ordinary share
Number of securities:                               4 058
Total value of transaction:                         R45 043.80
Nature of transaction:                              Off-market acquisition of shares
Nature and extent of director’s interest:           Indirect beneficial

29 June 2017


Sponsor
Java Capital

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