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SASFIN HOLDINGS LIMITED - Trade in securities by an associate of directors

Release Date: 02/07/2018 10:55
Code(s): SFNP SFN     PDF:  
Wrap Text
Trade in securities by an associate of directors

SASFIN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
Share Code: SFN ISIN Number: ZAE000006565
Preference Share Code: SFNP       ISIN Number: ZAE000060273
(“Sasfin” or “the Company”)

ANNOUNCEMENT REGARDING                   THE    ACQUISITION       OF    SECURITIES     BY    AN
ASSOCIATE OF DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings
Requirements”), the Company hereby discloses the following acquisition of securities by an
associate of directors:

Names of directors:                            Mr MEE Sassoon (Chief Executive Officer of Sasfin)
                                               and Mr RDEB Sassoon (Chief Executive Officer of
                                               Sasfin Bank Limited)
Name of associate and relationship with        Unitas Enterprises Limited (“Unitas”), a wholly
directors:                                     owned company of The Erwin Discretionary
                                               Settlement Trust of which each of Mr RDEB Sassoon
                                               and Mr MEE Sassoon are discretionary beneficiaries
Date of transaction:                           27 June 2018
Nature of transaction:                         An on-market purchase of Sasfin ordinary shares by
                                               Unitas
Class of securities:                           Ordinary shares
Number of ordinary shares:                     45 000
Average weighted price per ordinary            R39.44
share:
Highest trade:                                 R39.50
Lowest trade                                   R39.35
Value of the ordinary shares acquired:         R1 774 800.00


Nature of interest of the respective           An indirect discretionary interest
directors:
Clearance obtained:                            Not applicable as the acquisition was effected by an
                                               associate of the director

Johannesburg
2 July 2018

Sponsor
Sasfin Capital (a member of the Sasfin group)

Independent Sponsor to Sasfin
Deloitte & Touche Sponsor Services Proprietary Limited

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