FINBOND GROUP LIMITED - Notification in terms of section 122(3) of the Companies Act section 3.83(b) of the JSE Listings Requirements

Notification in terms of section 122(3) of the Companies Act section 3.83(b) of the JSE Listings Requirements

Finbond Group Limited
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE000138095
(“Finbond” or “the Company” or “FGL”)

NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND SECTION 3.83(B) OF
THE JSE LISTINGS REQUIREMENTS

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008 ("the Act"),
and section 3.83(b) of the JSE Limited Listings Requirements, holders of ordinary
shares in the Company are advised that Protea Asset Management LLC and Conduit
Capital Limited (all entities under common control), have acquired a beneficial
interest in ordinary shares of the Company ("the securities"), such that their
shareholding in the securities of the Company amounts to 41.97% of the total number
of shares in issue.

Finbond hereby confirms that it has received the required notices from the above
named parties in terms of section 122(3)(a) of the Act, and that it has filed the
required notices with the Takeover Regulation Panel.

Notwithstanding the above, Finbond’s three largest shareholders, Riskowitz Value
Fund LP (“RVF”), Net 1 Finance Holdings (Pty) Ltd (“Net 1”) and Kings Reign
Investments (Pty) Ltd (“KRI”) have agreed to enter into a voting arrangement in
order to maintain their voting rights at the following predetermined percentages:
37.60% for RVF (the ultimate holder of the Protea Asset Management LLC and Conduit
Capital Limited shareholding), 26.41% for Net 1 and 23.99% for KRI, until such a
time as the last of these shareholders has converted its shareholder loan.


8 May 2018
Pretoria

Sponsor
Grindrod Bank Limited

Date: 08/05/2018 05:30:00 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.