Transaction Capital Ltd - OVERALLOTMENT AND STABILISATION

TRANSACTION CAPITAL LIMITED

(formerly Transaction Capital (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2002/031730/06)
JSE share code: TCP
ISIN: ZAE000167391 
(Transaction Capital or the Company)

OVERALLOTMENT AND STABILISATION


Transaction Capital announces that Deutsche Bank, as Stabilisation Manager and Bookrunner of the Offer, has given notice that it will exercise, in respect of 3,216,353 Transaction Capital ordinary shares (ordinary shares), being 3.14% of the number of ordinary shares comprising the Offer for Subscription and the allocated Sale Shares, the Overallotment Option granted by the Selling Shareholders to the Stabilisation Manager referred to in the Results of Offer and Pricing of Offer Shares announcement released on SENS on Thursday, 31A May 2012 and published in the press on Friday, 1A June 2012.  


The Offer Price was set at R8.00 per ordinary share on 31 May 2012.


The exercise of the Overallotment Option by the Stabilisation Manager will have no effect on the total number of ordinary shares in issue.


The Stabilisation Period commenced at 09:00 on Thursday, 7 June 2012 and ended at 17:00 on Friday, 6 July 2012.

Sandton
9 July 2012


Global Coordinator, Bookrunner, Financial Adviser and Stabilisation Manager
Deutsche Bank AG, London Branch
Legal Adviser to the Company       
Edward Nathan Sonnenbergs Inc.


Sponsor
Deutsche Securities (SA) Proprietary Limited 
A non-bank member of the Deutsche Bank Group

South African Legal Adviser to Deutsche Bank AG, London Branch and Deutsche Securities (SA) Proprietary Limited
Bowman Gilfillan Attorneys

For further enquiries, please contact:
Brunswick 
Rob Pinker +27 (0) 83 326 7794
Byron Kennedy +27 (0) 82 453 2066 
James Dray +27 (0) 82 828 4568 
Deutsche Bank
Herman Bosman +27 (0) 11 775 7360
Christopher Laing +44 (20) 754 55643
Michele Cohen +44 (20) 754 56371


The definitions and interpretations used in the full pre-listing statement dated 7 June 2012 apply to this announcement.


Disclaimer


1.	This announcement and the information contained herein is not for release, publication or distribution in whole or in part in or into the United States. These materials do not contain or constitute an offer for sale or the solicitation of an offer to purchase securities in the United States. The securities mentioned herein (the "Securities") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold within the United States unless the Securities are registered under the Securities Act or an exemption from the registration requirements of the Securities Act is available.


2.	This announcement is only addressed to and directed at persons in member states of the European Economic Area who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). In addition, in the United Kingdom, this announcement will be distributed only to and directed only at Qualified Investors who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or who are high net worth entities falling within Article 49(2)(a) to (d) of the Order, and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment activity to which this announcement relates will be available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons. In South Africa, the Offer will not be an "offer to the public" as defined in the Companies Act, No 71 of 2008 ("Companies Act"). Potential investors will only be permitted to apply for Offer Shares with a minimum total acquisition cost, per single addressee acting as principal, of greater than or equal to R1 000 000 unless the applicant is a person, acting as principal, whose ordinary business, or part of whose ordinary business, is to deal in securities, whether as principal or agent (in reliance on section 96(1)(a)(i) and 96(1)(b) of the Companies Act) or such applicant falls within one of the other specified categories of persons listed in section 96(1) of the Companies Act.
















Date: 09/07/2012 08:46:00 Supplied by www.sharenet.co.za                     
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