THE FOSCHINI GROUP LIMITED - Dealing in securities by an associate of a director of a major subsidiary

Release Date: 03/08/2018 17:31
Code(s): TFG
 
Wrap Text
Dealing in securities by an associate of a director of a major subsidiary

THE FOSCHINI GROUP LTD
Reg. No.: 1937/009504/06
Code : TFG
ISIN : ZAE000148466
(“TFG”)

Dealing in securities by an associate of a director of a major subsidiary

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

Name of director:              M Mendelsohn
Position:                      Director of Foschini Retail Group (Pty) Ltd
Name of associate:             LJ Mendelsohn
Relationship to director:      Director’s Spouse
Nature of transaction:         Off-market trade of shares from an RMB Bank
                               Note, an unlisted Financial Instrument
                               underwritten by RMB, a division of FirstRand
                               Bank Limited to a Peregrine Equities Note, an
                               unlisted Financial Instrument issued by
                               Peregrine Equities, which gives M
                               Mendelsohn’s spouse the economic exposure to
                               TFG shares
Extent of interest:            Indirect beneficial
Date of transaction:           27 July 2018
Class:                         Ordinary shares
No. of shares transferred:     30 000
Price of shares transferred:   R168.88
Total value of shares
transferred:                   R5,066,400

The abovementioned transaction was done off-market and the pre-
requisite clearance was obtained for this transaction.

Cape Town
3 August 2018

Sponsor:
UBS South Africa Proprietary Limited

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