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CLIENTELE LIMITED - Notification in terms of section 122 of the Companies Act, No 71 of 2008 ("Companies Act")

Release Date: 25/02/2014 13:45
Code(s): CLI     PDF:  
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Notification in terms of section 122 of the Companies Act, No 71 of 2008 ("Companies Act")

Clientèle Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/023806/06)
Share code: CLI
ISIN: ZAE000117438
("Clientèle" or “Company”)


Notification in terms of section 122 of the Companies Act, No. 71 of 2008
(“Companies Act”)

In accordance with section 122(3) of the Companies Act read with section
122(1)and (2)(a),shareholders are advised that the Company has received
formal notifications of the following indirect acquisitions/disposals of
beneficial interests in the Company:-

1.   Hollard Holdings (Proprietary) Limited (“Hollard”) has, indirectly
     through the disposal of shares in River Lily Investments(Proprietary)
     Limited (“River Lily”) and Newshelf 702 (Proprietary)Limited (“Newshelf”)
     respectively, reduced its indirect ownership in the Company such that
     its ownership of the Company’s shares (both direct and indirect) has 
     decreased from 33,3758% to 17.4790%;

2.   Capclient Holdings Sarl has, pursuant to the acquisition of shares
     in River Lily as well as the transactions referred to above, acquired
     a further indirect ownership interest in the Company such that its
     ownership of the Company’s securities (indirectly through River Lily
     and Newshelf) has increased from 41,4411% to 57,3379%.

These transactions have been implemented as part of a process designed to
achieve the separate regulatory supervision of the Clientele and Hollard
groups upon the expected implementation of changes to South African
insurance regulations.


Johannesburg
25 February 2014

Sponsor

PricewaterhouseCoopers Corporate Finance(Pty)Ltd

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