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STELLAR CAPITAL PARTNERS LIMITED - Dealing in securities by an associate of a director and disposal of securities in terms of s122 of the Companies Act

Release Date: 18/10/2017 11:00
Code(s): SCP     PDF:  
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Dealing in securities by an associate of a director and disposal of securities in terms of s122 of the Companies Act

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06) 
Share code: SCP     ISIN: ZAE000198586
("Stellar Capital" or the "Company”)


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR AND
DISCLOSURE OF DISPOSAL OF SECURITIES IN TERMS OF SECTION 122
OF THE COMPANIES ACT


In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited, the following dealing by an
associate of a director of Stellar Capital is disclosed:


COMPANY                          :   Stellar Capital Partners
                                     Limited
NAME OF DIRECTOR                 :   Mr Marco Wentzel
DESIGNATION OF DIRECTOR          :   Non-executive
NAME OF ASSOCIATE                :   Metcap     14   Proprietary
                                     Limited       which      is
                                     ultimately controlled by a
                                     trust     of    which    Mr
                                     Wentzel’s wife, Ms Clare
                                     Wiese    Wentzel,    is   a
                                     trustee and beneficiary

TYPE AND CLASS OF SECURITIES     :   Ordinary shares
NATURE OF TRANSACTION            :   On-market    purchase   of
                                     securities
NATURE     AND     EXTENT     OF :   Dealing by an associate of
DIRECTOR’S   INTEREST   IN   THE     a director.
TRANSACTION
DATE OF TRADE                    :   13 October 2017
PRICE PER SHARE                  :   R0.70
NUMBER OF SHARES                 :   23 788 380

TRANSACTION VALUE                :   R16 651 866
CLEARANCE OBTAINED               :   Not applicable


The following dealing is voluntarily disclosed:


COMPANY                         :   Stellar Capital Partners
                                    Limited
NAME OF DIRECTOR                :   Mr Marco Wentzel
DESIGNATION OF DIRECTOR         :   Non-executive
NAME OF TRANSACTING PARTY       :   Cream      Magenta     140
                                    Proprietary Limited which
                                    is ultimately controlled
                                    by Christina Wiese, sister
                                    of Clare Wiese Wentzel
TYPE AND CLASS OF SECURITIES    :   Ordinary shares
NATURE OF TRANSACTION           :   On-market    purchase   of
                                    securities

DATE OF TRADE                   :   13 October 2017
PRICE PER SHARE                 :   R0.70
NUMBER OF SHARES                :   23 788 381

TRANSACTION VALUE               :   R16 651 867



In accordance with section 122(3)(b) of the Companies Act, No.
71 of 2008, as amended (“the Act”), and paragraph 3.83(b) of
the Listings Requirements of the JSE Limited, shareholders are
also hereby advised that the Company has received formal
notification in the prescribed form of the following movement
in the securities of the Company:

Investec Limited has disposed of 47 576 761 Stellar Capital
shares resulting in a decrease of its interest in the ordinary
issued securities of the Company from 9.2576% to 4.8320%.

As required in terms of section 122(3)(a) of the Act, the
Company has filed the required notice with the Takeover
Regulation Panel.

Cape Town

18 October 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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