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TRANSACTION CAPITAL LIMITED - Dealing in Securities

Release Date: 27/07/2016 12:18
Code(s): TCP     PDF:  
Wrap Text
Dealing in Securities

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


DEALING IN SECURITIES

Shareholders are referred to the SENS announcement released by the company on 14 July 2016 with regards to
share appreciation rights (“SARs”) exercised by directors of the company, directors of major subsidiaries and the
company secretary (“Participants”) in terms of the Transaction Capital Limited SAR Plan (the “SAR Plan”).

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is hereby given
that Participants have disposed of securities held in the company. A portion of the proceeds from the sale of
securities will be utilised to settle taxes due in terms of the SAR Plan and to settle debt due to the company
(where relevant).

All disposals of Transaction Capital securities were executed by Rand Merchant Bank on behalf of Participants
and other employees that exercised SARs. A total of 4 783 629 Transaction Capital shares were disposed in this
process on the following terms:

           Date                     # of shares                Price per share             Total Proceeds
         18/07/2016                   232 812                       11.12                    R2 589 863.35
         19/07/2016                   911 800                       10.97                  R 10 006 843.22
         20/07/2016                    7 937                        10.97                     R87 094.53
         21/07/2016                  1 245 411                      10.97                  R13 668 188.88
         22/07/2016                  2 385 669                      10.78                  R25 706 355.75
           Total                     4 783 629                      10.88                  R52 085 345.73

Each of the above disposals was executed on a pro-rata basis for each Participant. Each Participant will receive
proceeds from the sale of securities at a value of R10.88 per securities sold.

The below table details the number of shares and proceeds received by Participants:


Name of director                                   Mark Herskovits
Name of company                                    Transaction Capital Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        501 576
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R5 457 147
Clearance Obtained                                 Yes


Name of director                                   David McAlpin
Name of company                                    MBD Credit Solutions Holdings Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        501 572
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R5 457 103
Clearance Obtained                                 Yes


Name of director                                   Carl de Villiers
Name of company                                    MBD Credit Solutions Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        188 091
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R2 046 430
Clearance Obtained                                 Yes


Name of director                                   Maheshini Naidoo
Name of company                                    MBD Credit Solutions Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        31 349
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R341 077
Clearance Obtained                                 Yes


Name of director                                   Terry Kier
Name of company                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        1 744 985
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R18 985 437
Clearance Obtained                                 Yes


Name of director                                   Dawid Spangenberg
Name of company                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        626 970
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R6 821 434
Clearance Obtained                                 Yes


Name of director                                   Lorenzo Cardoso
Name of company                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        94 046
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R1 023 220
Clearance Obtained                                 Yes


Name of director                                   Bonisile Makubalo
Name of company                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        41 798
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R454 762
Clearance Obtained                                 Yes


Name of director                                   Riek Olivier
Name of company                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director       25 July 2016
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        41 798
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R454 762
Clearance Obtained                                 Yes



Name of company secretary                          Ronen Goldstein
Name of company                                    Transaction Capital Limited
Date proceeds from sale notified to company        25 July 2016
secretary
Nature & class:                                    On market sale of ordinary shares
Total number of securities:                        41 798
VWAP per share:                                    R10.88
Lowest price per share                             R10.78
Highest price per share:                           R11.12
Value:                                             R454 762
Clearance Obtained                                 Yes


Dunkeld West
27 July 2016

Enquiries:
Phillipe Welthagen - Investor Relations
Sponsor: Deutsche Securities (SA) Proprietary Limited
                                                        
Date: 27/07/2016 12:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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