CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED - Acquisition of 30 490 988 ordinary shares in MPACT Limited (MPACT)

Acquisition of 30 490 988 ordinary shares in MPACT Limited (“MPACT”)

CAXTON AND CTP PUBLISHERS AND PRINTERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1947/026616/06)
Share Code: CAT       ISIN: ZAE000043345
“Caxton” or “the company”)


ACQUISITION OF 30 490 988 ORDINARY SHARES
IN MPACT LIMITED (“MPACT”)

1.   Introduction

     The board of directors of the company wishes to advise that it has acquired
     30 490 988 ordinary shares in MPACT from clients of Allan Gray (Pty) Limited, Old
     Mutual Investment Group (Pty) Ltd, Old Mutual Customised Solutions (Pty) Ltd, Visio
     Capital Management (Pty) Ltd and Ninety One UK Limited (“the Acquisition”).

2.   Nature of business and rationale for the Acquisition

     The Caxton group is involved in the publishing and printing of newspapers and
     magazines, manufacture and distribution of stationery, packaging and labels and the
     distribution of media products.

     MPACT is a leading packaging business. This investment is intended to provide the
     company with an enhanced return on its substantial cash resources.

3.   Details of the Acquisition

     The aggregate consideration for the Acquisition amounts to R469 866 125, being a
     volume weighted average price of R15,41 per share, and was paid in cash.

     The Acquisition increases the total shareholding of Caxton in MPACT to 43 131 049
     ordinary shares, being 26,2% of its issued share capital.

     The effective date of the Acquisition is 17 December 2020.

4.   Categorisation of the Acquisition

     In terms of the Listings Requirements of the Johannesburg Stock Exchange, the
     Acquisition is categorised as a Category 2 transaction.

By order of the board

Johannesburg
18 December 2020

Sponsor                              Corporate advisor to Caxton
AcaciaCap Advisors                   Bravura



Date: 18-12-2020 04:00:00
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