JASCO ELECTRONICS HOLDINGS LIMITED - Notification in terms of s122(3) of the Act and s3.83(b) of JSE Listings Requirements and dealings by associates

Release Date: 05/06/2018 12:00
Code(s): JSC
 
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Notification in terms of s122(3) of the Act and s3.83(b) of JSE Listings Requirements and dealings by associates

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the group”)


NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND
SECTION 3.83(b) OF THEJSE LISTINGS REQUIREMENTS AND DEALINGS IN
SECURITIES BY ASSOCIATES OF DIRECTORS
1.    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 section3.83(b) of the JSE Limited Listings
Requirements, holders of ordinary shares in Jasco are referred to
the announcement released on SENS on 1 June 2018 and are further
advised that CIH Projects Proprietary Limited, increased its
beneficial interest in the ordinary shares of Jasco ("the
securities"), such that it’s beneficial interests of the
securities of the Company amounts to 19.3% of the total number of
shares in issue. Afrocentric Investment Corporation Limited
decreased its beneficial interest in the ordinary shares of Jasco
("the securities"), such that it’s beneficial interests of the
securities of the Company amounts to 0% of the total number of
shares in issue.

Jasco hereby confirms that it has received the required notices
from both CIH Projects Proprietary Limited and Afrocentric
Investment Corporation Limited in terms of section 122(3) (a) of
the Act and that Jasco has filed the required notices with the
Takeover Regulation Panel.

2.   Dealings in securities by associates of directors

In accordance with the requirements of paragraph 3.63 to 3.74 of
the Listings Requirements of the JSE Limited (“JSE”), shareholders
are also advised of the following dealings in Jasco securities by
associates of non-executive directors of the company:
Name of company               : Jasco Electronics Holdings
                                 Limited
Name of director              :   Dr ATM Mokgokong (non-executive
                                  Chairman)
Name of associate                 CIH      Projects      Proprietary
                                  Limited,     a    subsidiary    of
                                  Community    Investment   Holdings
                                  (Pty) Limited where Dr Mokgokong
                                  is a co-founder and executive
                                  chairman
Class of securities           :   Jasco Ordinary shares
Nature of transactions        :   An off-market purchase of shares
Nature of interests           :   Indirect Beneficial
Date of transaction         :   1June 2018
No of shares                :   22 131 897
Purchase price              :   72.2938 cents per share
Value of transaction        :   R16 000 000


Name of director            :   Mr MJ Madungandaba (non-
                                executive Deputy Chairman)
Name of associate           :   CIH      Projects      Proprietary
                                Limited,     a    subsidiary    of
                                Community    Investment   Holdings
                                (Pty)   Limited    where   Mr   MJ
                                Madungandaba is a co-founder
Class of securities         :   Jasco Ordinary shares
Nature of transactions      :   An off-market purchase of shares
Nature of interests         :   Indirect Beneficial


Date of transaction         :   1June 2018
No of shares                :   22 131 896
Purchase price              :   72.2938 cents per share
Value of transaction        :   R16 000 000


Clearance to trade has been obtained in terms of section 3.66 of
the JSE Listings Requirements.
Midrand
5 June 2018


Sponsor
Grindrod Bank Limited

Date: 05/06/2018 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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