PBT GROUP LIMITED - Increase in Black Ownership and Dealing in Securities by Associates of Directors

Increase in Black Ownership and Dealing in Securities by Associates of Directors

PBT Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBG ISIN: ZAE000256319
(“PBT Group” or "the Company)

INCREASE IN BLACK OWNERSHIP, DEALING IN SECURITIES BY ASSOCIATES OF DIRECTORS
OF THE COMPANY

Pulsent OH GP Proprietary Limited, in its capacity as the general partner of the PBT Direct GP
Partnership en commandite, the latter in its capacity as the general partner of the Intrepid PBT Direct
Partnership II en commandite, a majority black-owned and managed investor in PBT Group (“Pulsent
OH”), entered into agreements to increase its shareholding in PBT Group by acquiring an additional 3
000 000 PBT Group ordinary shares (“PBT Shares”) (“the Acquisition”). The Acquisition will be executed
in two tranches of which tranche 1, for 2 100 000 PBT Shares, will be implemented on 1 December
2022 and tranche 2, for 900 000 PBT Shares, will be implemented once all conditions precedent are
met. Pulsent OH partially funded the Acquisitions with third-party debt equal to 60% of the total purchase
consideration. PBT Group guaranteed Pulsent OH’s third-party debt in respect of the Acquisition in the
total amount of c. R15.68m.


Pule Taukobong, a non-executive director of PBT Group, holds an indirect beneficial interest in and is
a director of Pulsent OH. Pulsent OH is not an associate, as defined in the JSE Limited Listings
Requirements, of Mr Taukobong.

DEALING IN SECURITIES BY ASSOCIATES OF DIRECTORS OF THE COMPANY


In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information resulting from the abovementioned transaction is disclosed:

Director:                                 Ken Wood
Office held:                              Director of a major subsidiary
Name of associate:                        K2019067267 (South Africa) Proprietary Limited
Relationship with director:               Mr Wood holds a 100% beneficial interest in the associate
Class of securities:                      Ordinary shares
Nature of transaction:                    Sale
Date of transaction:                      1 December 2022
Number of securities:                     2 100 000
Cents per share:                          850 cents
Total value:                              R17 850 000
Nature of transaction:                    Off market transaction
Nature of interest:                       Indirect beneficial
Clearance obtained:                       Yes
Director:                                Cheree Dyers
Office held:                             Non-executive Director of PBT Group Limited
Name of associate:                       Poppy Ice Trading 23 Proprietary Limited
Relationship with director:              Mrs Dyers holds a 51% beneficial interest in the associate
Class of securities:                     Ordinary shares
Nature of transaction:                   Sale
Date of transaction:                     1 December 2022
Number of securities:                    900 000
Cents per share:                         920 cents
Total value:                             R 8 280 000
Nature of transaction:                   Off market transaction
Nature of interest:                      Indirect beneficial
Clearance obtained:                      Yes


1 December 2022
Cape Town

Sponsor

Questco Corporate Advisory Proprietary Limited

Date: 01-12-2022 05:15:00
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.