TRANSACTION CAPITAL LIMITED - Notice of change of beneficial interest and directors dealings in securities

Release Date: 09/03/2018 07:50
Code(s): TCP
 
Wrap Text
Notice of change of beneficial interest and directors’ dealings 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”)

NOTICE OF CHANGE OF BENEFICIAL INTEREST AND DIRECTORS’ DEALINGS
IN SECURITIES

Shareholders are referred to the respective announcements made on the Stock Exchange
News Service of the JSE Limited (“JSE”) on 7 March 2018 and 8 March 2018 relating to the
disposal of Transaction Capital shares by Everglen Capital Proprietary Limited (“Everglen”)
via an accelerated bookbuild offering. In this regard, the following additional information is
disclosed:

Change of beneficial interest in Transaction Capital:

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 JSE Limited Listings Requirements, shareholders are
hereby advised that the company received formal notification from Everglen that it has
disposed of a beneficial interest in the company such that it now owns 29.2% of the issued
ordinary share capital of the company.

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

Directors’ dealings:

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:

Name of director:                           Jonathan Jawno
Name of company:                            Transaction Capital Limited
Nature & class:                             Off market sale by Everglen of ordinary shares
Nature and extent of director’s interest:   Indirect, non-beneficial – Kimberley Investment Trust
                                            of which the director is a trustee and discretionary
                                            beneficiary holds one-third interest in Everglen
Clearance obtained to deal:                 Yes
Date of transaction:                        8 March 2018
Number of securities:                       24 000 000
Price per share:                            R16.80
Value:                                      R403 200 000

Name of director:                           Michael Mendelowitz
Name of company:                            Transaction Capital Limited
Nature & class:                             Off market sale by Everglen of ordinary shares
Nature and extent of director’s interest:   Indirect, non-beneficial – Rutland Trust of which the
                                            director is a trustee and discretionary beneficiary
                                            holds one-third interest in Everglen
Clearance obtained to deal:                 Yes
Date of transaction:                        8 March 2018
Number of securities:                       24 000 000
Price per share:                            R16.80
Value:                                      R403 200 000

Name of director:                           Roberto Rossi
Name of company:                            Transaction Capital Limited
Nature & class:                             Off market sale by Everglen of ordinary shares
Nature and extent of director’s interest:   Indirect, non-beneficial – Sugar Tube Trust of which
                                            the director is a trustee and discretionary beneficiary
                                            holds one-third interest in Everglen
Clearance obtained to deal:                 Yes
Date of transaction:                        8 March 2018
Number of securities:                       24 000 000
Price per share:                            R16.80
Value:                                      R403 200 000



Dunkeld West
9 March 2018

Enquiries:
Investor Relations
Telephone: +27 (0) 11 049 6700

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

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