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AUSTRO GROUP LIMITED - TRP121: Notification of disposal and acquisition of beneficial interest in securities

Release Date: 30/09/2013 15:12
Code(s): ASO     PDF:  
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TRP121: Notification of disposal and acquisition of beneficial interest in securities

AUSTRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
JSE share code: ASO ISIN: ZAE000090882
(“Austro”)


TRP121: NOTIFICATION OF DISPOSAL AND ACQUISITION OF BENEFICIAL INTEREST IN
SECURITIES


In terms of section 122 of the Companies Act 71 of 2008 (the “Companies Act”), if a company receives
notification from any shareholder that has either acquired or disposed of a beneficial interest in sufficient
number of shares in the company such that, as a result of the acquisition or disposal (as the case may be) the
shareholder’s beneficial interest in shares moves above or below 5% or any multiple of 5% of the issued
shares in the company, the acquisition or disposal (as the case may be) needs to be disclosed to shareholders.

In compliance with section 122(3)(b) of the Companies Act and Regulation 121(2)(b) of the Companies Act
Regulations, 2011, shareholders are advised that Austro has received notifications from:

-         David Brouze (“Brouze”) of his disposal of shares in Austro to Ricophase Proprietary Limited
          (“Ricophase”) such that Brouze now holds 9.13% of Austro’s issued shares;

-         Steven Joffe (“Joffe”) of his disposal of shares in Austro to Ricophase such that Joffe no longer
          holds any of Austro’s issued shares; and

-         Ricophase of its acquisition of shares in Austro from each of Brouze and Joffe, such that Ricophase
          now holds 27.6% of Austro’s issued shares.

The current shareholders of Ricophase are The David Brouze Trust (of which Brouze is a beneficiary) (as to
50%), The Sades Family Trust (of which Joffe is a trustee and beneficiary) (as to 35%), The JSF Family
Trust (of which Jarrod Friedman is a trustee and beneficiary and Joffe is a trustee) (as to 5%), Paul Mansour
(as to 5%) and Christian Neuberger (as to 5%).

30 September 2013


Sponsor

Java Capital

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