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TRANSACTION CAPITAL LIMITED - Results of Accelerated Bookbuild and Voting Rights

Release Date: 02/02/2017 16:10
Code(s): TCP     PDF:  
Wrap Text
Results of Accelerated Bookbuild and Voting Rights

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


RESULTS OF ACCELERATED BOOKBUILD AND VOTING RIGHTS

Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited
(“JSE”) earlier today whereby Transaction Capital announced an equity raise through the issue of new ordinary shares
(“the equity raise”) offered to qualifying investors through an accelerated bookbuild process (“the bookbuild”) conducted
on the JSE.

Transaction Capital is pleased to announce the successful close of its bookbuild, which was oversubscribed. The
ordinary shares were priced at R14.75 per share, a 1.3% discount to the 30 day volume weighted average price of
R14.95 as at 1 February 2017. 28 400 000 ordinary shares will thus be issued pursuant to the bookbuild resulting in
ZAR 418.9 million of capital being raised.

The equity raise was completed under the Company’s general authority to issue shares for cash approved by
Transaction Capital shareholders at the annual general meeting of the Company held on Thursday, 3 March 2016.

A total of 28 400 000 new Transaction Capital ordinary shares are expected to be issued and, subject to JSE approval,
will list on 7 February 2017. The shares, when issued, will be credited as fully paid and will rank pari passu in all respects
with the existing issued shares.

Following approval of the listing on the JSE, the total issued share capital of the Company will increase to 609 330 798
ordinary shares with voting rights. Therefore, the total number of voting rights in Transaction Capital will be 609 330 798
with effect from 7 February 2017.

Dunkeld West
2 February 2017

Transaction Capital Limited
Phillipe Welthagen – Investor Relations
+27 11 049 6729

Bookrunner
Macquarie Capital South Africa Proprietary Limited
+27 11 583 2000
E-mail: maccapadvecmjoburg@macquarie.com

South African Legal Counsel to the Company and Bookrunner
Edward Nathan Sonnenbergs Inc.
+27 11 269 7600

Sponsor
Deutsche Securities (SA) Proprietary Limited


This announcement is not for publication or distribution or release, directly or indirectly, in the United States of
America (including its territories and possessions, any state of the United States and the District of Columbia).

This announcement does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for
securities in the United States or any other jurisdiction. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered
or sold, directly or indirectly, in the United States, absent registration or an exemption from, or transaction not subject
to, the registration requirements of the Securities Act. No public offering of securities is being made in the United
States. This announcement does not and is not intended to constitute an offer to the public in South Africa in terms of
the Companies Act. Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or
indirectly in or into the United States, Canada, Australia or Japan.
This announcement is for information purposes only and in member states of the European Economic Area (other
than the United Kingdom) is directed only at persons who are qualified investors (as defined in article 2(1)(e) of EU
directive 2003/71/EC (the “Prospectus Directive”) and the relevant implementing rules and regulations adopted by
each Member State). In the United Kingdom, this announcement is directed only at the following persons: investment
professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the “Order”); and high net worth entities, and other person to whom it may lawfully be communicated, falling
within article 49(2)(a) to (d) of the Order.

This announcement has been issued by and is the sole responsibility of Transaction Capital. No representation or
warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be
accepted by Macquarie Capital South Africa (Bookrunner) or by any of its respective affiliates or agents as to, or in
relation to, the accuracy or completeness of this announcement or any other written or oral information made available
to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

FORWARD LOOKING INFORMATION

This announcement contains (or may contain) certain forward-looking statements with respect to certain of
Transaction Capital’s plans and its current goals and expectations relating to its future financial condition and
performance and which involve a number of risks and uncertainties. Transaction Capital cautions readers that no
forward-looking statement is a guarantee of future performance and that actual results could differ materially from
those contained in the forward-looking statements. By their nature, forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances a number of which are beyond Transaction
Capital’s control. These forward-looking statements reflect Transaction Capital’s judgement at the date of this
announcement and are not intended to give any assurance as to future results. Except as required by the JSE or
applicable law, Transaction Capital expressly disclaims any obligation or undertaking to release publicly any updates
or revisions to any forward looking statements contained in this announcement to reflect any changes in the
Company’s expectations with regard thereto or any changes in events, conditions or circumstances on which any such
statement is based. For further information on Transaction Capital, investors should review the Company’s Annual
Report hosted at www.transactioncapital.co.za

Date: 02/02/2017 04:10:00 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
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
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,
 information disseminated through SENS.

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