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FINBOND GROUP LIMITED - Dealings in Securities by an Associate of a Director

Release Date: 03/07/2015 17:00
Code(s): FGL     PDF:  
Wrap Text
Dealings in Securities by an Associate of a Director

Finbond Group Limited
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE000138095
(“Finbond” or “the Company” or “FGL”)

Dealings in Securities by an Associate of a Director

Finbond has received a notification from Dr. W van Aardt of a
sale of Finbond shares by Kings Reign Investments (Pty) Ltd
(“KRI”). The rationale of the sale inter alia was to further
broaden the institutional shareholder base and public spread of
Finbond, to diversify and rebalance KRI’s investment portfolio
and to provide KRI with liquidity for strategic investment
purposes.

In compliance with paragraphs 3.63 to 3.74 (both inclusive) of
the Listings Requirements of the JSE Limited (“JSE”)(“Listings
Requirements”), the information relating to dealing in Finbond
shares by an associate of a director of the Company is disclosed
as follows.


Name of company:                   Finbond Group Limited
Name of director:                  Dr. W van Aardt
Name of associate:                  Kings Reign Investments
                                   (Pty) Ltd (“KRI”)
Relationship with associate:       Director of KRI which is
                                   wholly owned by The van
                                   Aardt Family Trust.
Date of transaction:              1 July 2015
Number of securities:             30 300 471
Class of securities:              Ordinary shares
Volume weighted average price
per security:                     R 4.20 per ordinary share

Total value of the transaction:   R 127 128 649.76
Nature of the transaction:        On market sale of shares
Nature of interest:               Indirect beneficial


Clearance to trade was provided by the Chairman of the Board
and the Company Secretary in terms of paragraph 3.66 of the
Listings Requirements.

Following this sale KRI still directly owns 203 940 262 of
Finbond’s ordinary shares and KRI and persons it acts in concert
with controls 37.65% of FGL. KRI “remains confident in Finbond’s
long term strategic objectives and growth prospects.”

*The above sale price per security is the volume weighted average price of
several trades on 1 July 2015. The highest price at which KRI traded was R
4.75 and the lowest price was R 4.20. The highest price at which the market
traded on 1 July 2015 was R 4.90 and the lowest price was R 4.20




3 July 2015
Sponsor:
Grindrod Bank Limited

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