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Dealing In Securities By KAP Directors And Directors Of Major Subsidiaries Of KAP In Respect Of The Claw-Back Offer
KAP Industrial Holdings Limited
Incorporated in the Republic of South Africa)
Registration number: 1978/000181/06
Share Code: KAP
ISIN: ZAE0000171963
(“KAP” or “the Company”)
Dealing In Securities By KAP Directors And Directors Of Major Subsidiaries
Of KAP In Respect Of The Claw-Back Offer To KAP Shareholders
Shareholders are referred to the announcements released by the
Company on SENS, dated 31 October and 17 November 2016, in which
shareholders were advised of the Company’s intention to raise
R1.5 billion before expenses through a renounceable claw-back
offer in respect of 197 368 421 ordinary shares of no par value
in the share capital of KAP (“Claw-back Shares”) at a
subscription price equal to the volume-weighted average trading
price of KAP’s ordinary shares of no par value (“KAP Shares”)
on 28 October 2016,being R7.60 per Claw-back Share,
(“Subscription Price”), in the ratio of 8.07368 Claw-back Shares
for every 100 KAP Shares upon the terms and conditions as more
fully set out in the claw-back circular (“Circular”) sent to
certificated shareholders on 24 November 2016 and to
dematerialised shareholders on 29 November 2016 (“Claw-back
Offer”).
In compliance with paragraph 3.63 to 3.68 of the Listings
Requirements of the JSE Limited, it is herewith disclosed that
the below-mentioned directors of KAP and its major subsidiaries,
who held KAP Shares as at the Claw-back Offer record date of
25 November 2016, have followed their rights in terms of the
Claw-back Offer and , through on-market transactions on or
about 9 December 2016, have clawed-back the following number
of Claw-back Shares from the subscribers reflected in the
Circular at the Subscription Price. :
Name of director Number of Total Value
Claw-back of Claw-back
Shares Shares at
acquired Subscription
Price (R)
J de V du Toit#& 40,368 306,796.80
(in respect of associate, The
Letoit Trust)
KJ Grove# 130,023 988,174.80
(in respect of associate, The
Law Family Trust)
GN Chaplin# 147,267 1,119,229.20
(in respect of associate,
Straalhoek Sawmill (Pty)(Ltd)
FH Olivier# 45,051 342,387.60
(in respect of associate,
Mashoweng Investments (Pty)
Ltd)
GM van der Merwe *@ 49,563 376678.80
TR Nel **@ 32,295 245,442.00
BN Jamie ***@ 403 3,062.80
RH Singh ***@ 29,019 220,544.40
* Director of KAP Diversified Industrial (Pty) Ltd
** Director of Unitrans Holdings (Pty) Ltd
*** Director of Unitrans Supply Chain Solutions (Pty)
Ltd
# Indirect beneficial interests in the transaction
@ Direct beneficial interests in the transaction
& Independent non-executive director
Clearance has been granted in terms of paragraph 3.66 of the
Listings requirements for all of the above transactions.
By order of the Board
Steinhoff Secretarial Services Proprietary Limited
Company Secretary
Sponsor: PSG Capital Proprietary Limited
12 December 2016
Date: 12/12/2016 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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