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REX TRUEFORM CLOTHING COMPANY LIMITED - Fulfilment of conditions precedent and dealings in securities by a director and an associate of a director

Release Date: 17/08/2017 14:13
Code(s): RTOP RTN RTO     PDF:  
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Fulfilment of conditions precedent and dealings in securities by a director and an associate of a director

REX TRUEFORM CLOTHING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO   ISIN: ZAE000006144
JSE share code: RTN   ISIN: ZAE000009700
JSE share code: RTOP  ISIN: ZAE000006151
(“Rex Trueform” or “the company”)


FULFILMENT OF CONDITIONS PRECEDENT AND DEALINGS IN SECURITIES BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR


Shareholders are referred to the previous announcement, dated 29 June 2017, wherein:

1.    it was disclosed that the company had been informed that a sale of shares agreement had been concluded
      between a consortium (the “Consortium”) consisting of Geomer Investments (Pty) Ltd (“Geomer
      Investments”) and Gingko Investments No. 2 (Pty) Ltd (“Gingko Investments”) (acting in concert with the
      Ceejay Trust and Gingko Trading (Pty) Ltd (“Gingko Trading”)) as purchaser and the Stewart and Pat Shub
      Family Trust, Catherine Radowsky, Andrew Shub and Patricia Shub as sellers, in terms of which, inter alia,
      the Consortium will acquire 726 600 African and Overseas Enterprises Limited (“AOE”) ordinary shares,
      604 045 AOE “N” ordinary shares, 1 241 Rex Trueform ordinary shares and 4 058 Rex Trueform “N”
      ordinary shares (“the transaction”) and further that the transaction remained subject to the fulfilment of
      certain conditions precedent including securing, to the extent required, the approval of the South African
      competition authorities;

2.    shareholders were informed that a director of the company and an associate of a director of the company had
      dealt in the company’s securities pursuant to the transaction; and

3.    it was noted that a further announcement would be released on SENS once the company had been informed
      that the conditions precedent to the transaction had been fulfilled.

The company has now been informed that the conditions precedent to the transaction have been fulfilled and that the
transaction has been implemented. Accordingly, shareholders are informed of the following dealings by a director of
the company and an associate of a director of the company pursuant to the transaction:

Price per Rex Trueform ordinary share:               R12.14
Price per Rex Trueform “N” ordinary share:           R11.10
Clearance to deal obtained, where applicable:        Yes

Name of director:                                    Catherine Radowsky
Transaction date:                                    14 August 2017
Type of security:                                    “N” ordinary share
Number of securities:                                263
Total value of transaction:                          R2 919.30
Nature of transaction:                               Off-market disposal of shares
Nature and extent of director’s interest:            Direct beneficial

Name of associate:                                   Geomer Investments in concert with the Ceejay Trust, Gingko
                                                     Trading and Gingko Investments
Name of director and relationship to director:       Marcel Golding is a director and majority shareholder of
                                                     Geomer Investments
Transaction date:                                    14 August 2017
Type of security:                                    Ordinary share
Number of securities:                                421
Total value of transaction:                          R5 110.94
Nature of transaction:                               Off-market acquisition of shares
Nature and extent of director’s interest:            Indirect beneficial

Name of associate:                                   Geomer Investments in concert with the Ceejay Trust, Gingko
                                                     Trading and Gingko Investments
Name of director and relationship to director:       Marcel Golding is a director and majority shareholder of
                                                     Geomer Investments
Transaction date:                                    14 August 2017
Type of security:                                    “N” ordinary share
Number of securities:                                947
Total value of transaction:                          R10 511.70
Nature of transaction:                               Off-market acquisition of shares
Nature and extent of director’s interest:            Indirect beneficial

Name of associate:                                   Geomer Investments in concert with the Ceejay Trust, Gingko
                                                     Trading and Gingko Investments
Name of director and relationship to director:       Marcel Golding is a director and majority shareholder of
                                                     Geomer Investments
Transaction date:                                    16 August 2017
Type of security:                                    Ordinary share
Number of securities:                                820
Total value of transaction:                          R9 954.80
Nature of transaction:                               Off-market acquisition of shares
Nature and extent of director’s interest:            Indirect beneficial

Name of associate:                                   Geomer Investments in concert with the Ceejay Trust, Gingko
                                                     Trading and Gingko Investments
Name of director and relationship to director:       Marcel Golding is a director and majority shareholder of
                                                     Geomer Investments
Transaction date:                                    16 August 2017
Type of security:                                    “N” ordinary share
Number of securities:                                3 111
Total value of transaction:                          R34 532.10
Nature of transaction:                               Off-market acquisition of shares
Nature and extent of director’s interest:            Indirect beneficial

17 August 2017


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Date: 17/08/2017 02:13:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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