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

Release Date: 10/06/2016 17:30
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 “the Group”)


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:              10 June 2016

Number of securities:             43 800 000

Class of securities:              Ordinary shares

Price

per security:                     R3.20 per ordinary share
Total value of the transaction:   R 140 160 000

Nature of the transaction:        Off Market

Nature of interest:               Indirect beneficial

Following this sale KRI still directly owns 182 595 351 of
Finbond’s ordinary shares. KRI “remains confident in Finbond’s
long term strategic objectives and growth prospects.”



10 June 2016

Sponsor:

Grindrod Bank Limited

Date: 10/06/2016 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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