Implementation of the small related party transaction and related dealings by associates of directors of Pivotal
THE PIVOTAL FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/030215/06)
JSE share code: PIV ISIN: ZAE000196440
IMPLEMENTATION OF THE SMALL RELATED PARTY TRANSACTION AND RELATED DEALINGS BY ASSOCIATES OF DIRECTORS OF PIVOTAL
Further to the conclusion of the various transactions (“small related party transaction”) announced on SENS on
11 November 2016 (“small related party transaction announcement”) and 22 November 2016, shareholders are
advised that the shares to be issued pursuant to the small related party transaction have now been issued to the various
vendors which include associates of Dave Savage and Thys Neser who are directors of Pivotal. All relevant
information in respect of paragraph 3.63 of the JSE Listings Requirements is contained in the small related party
Shareholders are further advised that, on and with effect from the date of issue of the shares, being 23 December 2016
Primus Capital Partners Unit Trust, one of the vendors in the small related party transaction, has ceded its rights to
244 529 Pivotal ordinary shares to Abfin Proprietary Limited (“Abfin”), an associate of Dave Savage and Thys Neser
by virtue of the fact that they are directors and indirect beneficial shareholders of Abfin. As a result of the cession,
which is an off-market transaction, 244 529 Pivotal ordinary shares will be issued on 23 December 2016 at a price of
R18.50 per share.
23 December 2016
Date: 23/12/2016 12:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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