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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 announcements released on the Stock Exchange News Service of the JSE Limited
by the company on 23 and 28 November 2016 with regards to share appreciation rights (“SARs”) exercised by
directors of the company and directors of major subsidiaries of the company (“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.
All disposals of Transaction Capital securities were executed by Rand Merchant Bank on behalf of Participants.
Participants did not play an active role in the sale process. A total of 2 633 572 Transaction Capital shares were
disposed in this process on the following terms:
Date # of shares Price per share Total Proceeds
01-12-16 572,220 14.87 8,506,553
02-12-16 306,948 14.87 4,563,021
05-12-16 29,139 14.87 433,152
06-12-16 150,975 14.87 2,244,327
07-12-16 187,567 14.87 2,788,304
08-12-16 16,575 14.87 246,388
09-12-16 27,418 14.96 410,105
12-12-16 19,162 15.21 291,534
13-12-16 8,509 14.85 126,375
14-12-16 120,855 14.70 1,775,969
15-12-16 789,124 14.67 11,573,582
19-12-16 2,000 14.66 29,320
20-12-16 8,773 14.66 128,656
21-12-16 60,735 14.67 890,708
22-12-16 333,572 14.96 4,990,896
Total 2,633,572 14.81 38,998,889
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 R14.81 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 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 314 501
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R4 657 760
Clearance Obtained Yes
Name of director Ronen Goldstein
Name of company Transaction Capital Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 22 350
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R331 004
Clearance Obtained Yes
Name of director Carl de Villiers
Name of company Transaction Capital Recoveries Proprietary Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 99 335
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R1 471 151
Clearance Obtained Yes
Name of director Terry Kier
Name of company SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 692 885
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R10 261 627
Clearance Obtained Yes
Name of director Dawid Spangenberg
Name of company SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 465 929
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R6 900 408
Clearance Obtained Yes
Name of director Lorenzo Cardoso
Name of company SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 198 670
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R2 942 303
Clearance Obtained Yes
Name of director Bonisile Makubalo
Name of company SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 32 517
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R481 577
Clearance Obtained Yes
Name of director Riek Olivier
Name of company SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director 23 December 2016
Nature & class: On market sale of ordinary shares
Total number of securities: 132 447
VWAP per share: R14.81
Lowest price per share R14.66
Highest price per share: R15.21
Value: R1 961 540
Clearance Obtained Yes
Dunkeld West
23 December 2016
Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700
Sponsor:
Deutsche Securities (SA) Proprietary Limited
Date: 23/12/2016 10:54:00 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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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
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