SABVEST CAPITAL LIMITED - Finalisation of Sabcap shares in issue and Sec 164 appraisal process

Finalisation of Sabcap shares in issue and Sec 164 appraisal process

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
JSE share code: SBP
ZAE000283511
(“Sabcap”)

FINALISATION OF SABCAP SHARES IN ISSUE AND SEC 164 APPRAISAL PROCESS

Shareholders are referred to the announcement dated 12 May 2020. The number of
Consideration Shares has varied slightly due to the odd lot allocation process. The final
number of shares in issue is 41 508 352.

Shareholders are further advised that Sabcap shares were not issued for 251 880 Sabvest
Limited (“Sabvest”) N shares (“the Appraisal Shares”) due to a Section 164 appraisal process
initiated by the holders of those shares (“the Dissenting Shareholders”). None of the
Dissenting Shareholders accepted a cash offer made by Sabvest and all are now parties to a
court application made by one of the Dissenting Shareholders in terms of Section 164 (14)
and (15).


Sandhurst
23 June 2020

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

Date: 23-06-2020 02:28:00
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