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CSG HOLDINGS LIMITED - Dealing in securities

Release Date: 28/07/2015 08:53
Code(s): CSG     PDF:  
Wrap Text
Dealing in securities

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/011359/06)
Share code: CSG
ISIN code: ZAE000184438

DEALING IN CSG HOLDINGS LIMITED SECURITIES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements (“JSE
Listings Requirements”), the following information is disclosed:

 Name of director:                               NG Thiart
 Status: Executive/Non-executive:                Executive
 Type of securities:                             Shares
 Class of securities:                            Ordinary
 Date of transaction:                            23 July 2015
 Cents per share:                                175
 Number of securities disposed of:               2 000 000
 Total Rand value of securities:                 R3 500 000
 Name of associate:                              GTT     Investments     Proprietary   Limited    (“GTT
                                                 Investments”)
 Relationship with the director:                 NG Thiart is a director of GTT Investments, of which
                                                 his family trust, “the Thiart Family Trust” is the sole
                                                 beneficial shareholder.

                                                 NG Thiart is a trustee of the Thiart Family Trust of
                                                 which his immediate family are beneficiaries.
 Nature of transaction:                          Disposal of shares by an associate of a director
                                                 pursuant to a sale agreement entered into between NG
                                                                                      1
                                                 Thiart and PJJ Dry, S Dry and JG Dry
                                                 (off-market transaction)
 Nature and extent of interest in the            Indirect, beneficial
 transaction
 Clearance obtained                              Yes

 Name of director:                               PJJ Dry
 Status: Executive/Non-executive:                Chief Executive Officer
 Type of securities:                             Shares
 Class of securities:                            Ordinary
 Date of transactions:                           23 July 2015                                   (1) & (2)
 Cents per share:                                175                                            (1) & (2)
 Number of securities acquired:                  500 000                                        (1)
                                                 750 000                                        (2)
 Total Rand value of securities:                 R875 000                                       (1)
                                                 R1 312 500                                     (2)
 Name of associate:
                                                 S Dry                                          (2)
 Relationship with director:
                                                 Spouse                                         (2)
 Nature of transactions:                         Acquisition of shares by a director pursuant   (1)
                                                 to a sale agreement entered into between
                                                                                           1
                                                 NG Thiart and PJJ Dry, S Dry and JG Dry
                                                 (Off-market transaction)

                                                 Acquisition of shares by an associate of the   (2)
                                                 director pursuant to a sale agreement
                                                 entered into between NG Thiart and PJJ
                                                                        1
                                                 Dry, S Dry and JG Dry
                                                 (Off-market transaction)
 Nature and extent of the director’s interest         Direct, beneficial                         (1)
 in the transaction:
                                                      Indirect, beneficial                       (2)
 clearance obtained                                   Yes

 1.     NG Thiart (“the Purchaser”), and PJJ Dry, S Dry and JG Dry (“”the Sellers”) entered into a sale agreement dated
        23 July 2015 (“the Sale Agreement”), in terms of which the Purchaser will acquire a 20% shareholding in Lemur
        Investments (Pty) Ltd (“Lemur Investments”), from the Sellers. Lemur Investments owns immovable properties in
        Namibia. In terms of the Sale Agreement, the purchase consideration payable by the Purchaser to the Sellers in
        respect of the 20% shareholding will be settled by the transferral of 2 million CSG shares, the detail of which has
        been set out in the table above.
 2.     In terms of paragraph 3.64 of the JSE Listings Requirements, a “transaction” includes inter alia:
              - “any agreement to sell, purchase or subscribe for securities relating to the issuer (irrespective of whether
                  shares or cash flow”); and
              - “the acceptance, acquisition or disposal of any right or obligation, present or future, conditional or
                  unconditional, to acquire or dispose of securities.”

28 July 2015

Designated adviser
Sasfin Capital
(a division of Sasfin Bank Limited)

Date: 28/07/2015 08:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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