RECM AND CALIBRE LIMITED - Finalisation announcement: Distribution in specie of Astoria shares

Finalisation announcement: Distribution in specie of Astoria shares

RECM and Calibre Limited
(Incorporated in the Republic of South Africa)
Registration number 2009/012403/06
Preference Share Code: RACP
ISIN: ZAE000145041
("RAC" or "the Company")


FINALISATION ANNOUNCEMENT: DISTRIBUTION IN SPECIE OF ASTORIA SHARES


Shareholders are referred to the announcement released on SENS on 23 June 2022 (the
“Declaration Announcement” regarding the distribution by RAC of 5 115 000 shares in Astoria
Investments Ltd (“Astoria”) to RAC Shareholders in the ratio of one Astoria Share for every 10
RAC participating preference shares or ordinary shares (both a “RAC Share”) held at the close of
trade on Friday, 15 July 2022 (the “Proposed Distribution”).

Shareholders are advised that all conditions precedent to the Proposed Distribution have been
fulfilled and RAC will accordingly proceed to implement Proposed Distribution in accordance with
the terms set out in the Declaration Announcement. The revised salient dates and times in respect
of the Proposed Distribution will be as follows:

                                                                                          2022
 Last day to trade in RAC Shares in order to participate in the
 Proposed Distribution                                                        Tuesday, 12 July

 Date trading in RAC Shares ‘ex’ the entitlement to participate in the
 Proposed Distribution commences                                            Wednesday, 13 July

 Date the price for fractional entitlements announced on SENS (by
 11:00)                                                                      Thursday, 14 July

 Distribution record date (at close of trade)                                  Friday, 15 July

 Date market value of Astoria Shares for purposes of the Proposed
 Distribution announced on SENS                                                Friday, 15 July

 Expected date Astoria Shares credited to the accounts of RAC
 Shareholders at their CSDP or broker (at 09:00)                               Monday, 18 July

 Notes:
 1.   The above dates and times are South African dates and times.
 2.   RAC Shares may not be dematerialised or rematerialised between Wednesday,
      13 July 2022 and Friday, 15 July 2022, both days inclusive.

Cape Town

30 June 2022

Corporate Advisor and Transaction Sponsor
Questco Proprietary Limited

Date: 30-06-2022 04:18:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.