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JASCO ELECTRONICS HOLDINGS LIMITED - Dealings in securities by associates of directors

Release Date: 17/01/2022 15:25
Code(s): JSC     PDF:  
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Dealings in securities by associates of directors

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”)

DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS

Shareholder are referred to the partially underwritten non-
renounceable Rights Offer declaration and finalisation
announcement released on SENS on Monday, 17 January 2022.

In accordance with the requirements of paragraph 3.63 to 3.74 of
the Listings Requirements of the JSE Limited (“JSE”), shareholders
are hereby advised of the following dealings in Jasco securities
by associates of non-executive directors of the company, as a
result of participating in the Rights Offer.

Name of company        : Jasco Electronics Holdings Limited
Name of director       : Dr. ATM (Anna) Mokgokong, (non-executive
                         Chairman) and Mr MJ (Joe) Madungandaba
                         (non-executive Deputy Chairman)
Name of associate        Community Holdings No 1 Proprietary
                         Limited (Registration Number
                         1998/007247/07), a private company
                         incorporated and registered in South
                         Africa, which owns 27,143,125 (11.84%)
                         Jasco Shares. Dr ATM Mokgokong
                         indirectly owns 30% and MJ Madungandaba
                         indirectly owns 70% of this company
Class of securities    : Jasco Ordinary shares
Nature of              : Subscription to and underwriting of the
transactions             Rights Offer
Nature of interests    : Indirect Beneficial
Date of transaction    : Rights Offer will close on 4 February
                         2022
No of shares           : 57 142 857
Rights Offer price     : 35 cents per share
Value of transaction   : R20 000 000



Name of company        : Jasco Electronics Holdings Limited
Name of director       : Dr. ATM (Anna) Mokgokong, (non-executive
                         Chairman) and Mr MJ (Joe) Madungandaba
                         (non-executive Deputy Chairman)
Name of associate        Golden Pond Trading 175 Proprietary
                         Limited (Registration number
                         2004/021830/07), a private company
                         incorporated and registered in South
                         Africa, which owns 2 407 899 (1.05%)
                         Jasco Shares. Community Healthcare
                         Holdings Proprietary Limited (an wholly
                         owned subsidiary of CIH) owns 45% of the
                         company with the remaining 55% being
                         held by management and individual
                         doctors
Class of securities    : Jasco Ordinary shares
Nature of              : Subscription to and underwriting of the
transactions             Rights Offer
Nature of interests    : Indirect Beneficial
Date of transaction    : Rights Offer will close on 4 February
                         2022
No of shares           : 71 428 572
Rights Offer price     : 35 cents per share
Value of transaction   : R25 000 000



Name of company        : Jasco Electronics Holdings Limited
Name of director       : MSC Bawa (Shaheen)(independent non-
                         executive director)
Name of associate        Harvibase Investments Proprietary
                         Limited (Registration number
                         2011/004744/07) a private company
                         incorporated and registered in South
                         Africa, owned by Shaheen Bawa and Yusuf
                         Mohammad, owning 8 020 399 (3.50%) of
                         the current Jasco Shares
Class of securities    : Jasco Ordinary shares
Nature of              : Subscription to the Rights Offer
transactions
Nature of interests    : Indirect Beneficial
Date of transaction    : Rights Offer will close on 4 February
                         2022
No of shares           : 5 496 003
Rights Offer price     : 35 cents per share
Value of transaction   : R1 923 501



Name of company         : Jasco Electronics Holdings Limited
Name of director        : Dr. ATM (Anna) Mokgokong, (non-executive
                          Chairman)
Name of associate         Parmtro Investments no 76 Proprietary
                          Limited (Registration number
                          2005/029541/07), a private company
                          incorporated and registered in South
                          Africa, which owns 155 317 (0.07%) Jasco
                          Shares. Dr ATM Mokgokong is the sole
                          shareholder
1.Class of securities   : Jasco Ordinary shares
Nature of               : Subscription to the Rights Offer
transactions
Nature of interests     : Indirect Beneficial
Date of transaction     : Rights Offer will close on 4 February
                          2022
No of shares            : 106 432
Rights Offer price      : 35 cents per share
Value of transaction    : R37 251


2.Class of securities   : Jasco Ordinary shares
Nature of               : Excess application to subscribe to the
transactions              Rights Offer
Nature of interests     : Indirect Beneficial
Date of transaction     : Rights Offer will close on 4 February
                          2022
No of shares            : 179 282 (maximum)*
Rights Offer price      : 35 cents per share
Value of transaction    : R62 749


* The success of the excess application will be confirmed in the
SENS announcement to be released post the closing of the Rights
Offer
The decisions by the CIH group and Harvibase to commit to the
Rights Offer, was taken subsequent to 14 September 2021 when the
Rights Offer was approved by the Board. The clearance for the CIH
group and Harvibase to follow the respective rights in terms of the
Rights Offer and for the CIH group to underwrite the Rights Offer
was granted in November 2021 and discussed, agreed and confirmed at
the board meeting held on 23 November 2021.
Parmtro Investments no 76 Proprietary Limited an associate of Dr
ATM Mokgokong and part of the CIH group, confirmed its verbal
commitment on 31 December 2021, following discussions during
December 2021. Clearance for the participation was granted
accordingly, prior to the current closed period which commenced on
1 January 2022, in terms of section 3.66 of the JSE Listings
Requirements.

Midrand
17 January 2022


Sponsor
Grindrod Bank Limited

Date: 17-01-2022 03:25:00
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