Acquisition of MAS shares by PKM Development and dealings in securities by an associate of directors of MAS
MAS Real Estate Inc.
Registered in the British Virgin Islands
Registration number 1750199
SEDOL (EMTF): B96VLJ5
SEDOL (JSE): B96TSD2
JSE share code: MSP
ISIN: VGG5884M1041
LEI code: 213800T1TZPGQ7HS4Q13
(“MAS” or “the Company”)
ACQUISITION OF MAS SHARES BY PKM DEVELOPMENT AND DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS OF MAS
Shareholders are advised of the following information relating to dealings in MAS ordinary shares by PKM
Development Limited (“PKM”) which is the holding company for the Development Joint Venture (“DJV”)
between Prime Kapital Holdings Ltd (“PK”) and MAS.
Given the predicted longer-term recessionary consequences of the COVID-19 pandemic, the DJV has put
on hold and is reconsidering the development opportunities previously reported and is positioning for new
investment opportunities that may emerge in due course. Investments in listed securities, including MAS’
ordinary shares, that could be disposed of to fund developments or other investment opportunities when
appropriate, form part of this strategy. The purchases were conducted on-market on the JSE Limited.
PKM is an associate of Martin Slabbert and Victor Semionov (who are directors of MAS) via PK which holds
60% of the ordinary shares in the DJV. Martin and Victor are the founders of and have indirect beneficial
interests in PK. As a result of this they have indirect beneficial interests in the MAS ordinary shares
acquired
by PKM.
Transaction date: 2 June 2020
Number of securities: 2,843,368
Highest traded price per security on the market on the day: ZAR 10.70
Weighted average price per security: ZAR 10.0257
Lowest traded price per security on the market on the day: ZAR 9.50
Total value: ZAR 28,506,862.69
Transaction date: 3 June 2020
Number of securities: 1,717,443
Price per security: ZAR 10.8845
Total value: ZAR 18,693,508.33
Transaction date: 4 June 2020
Number of securities: 3,859,675
Highest traded price per security on the market on the day: ZAR 11.98
Weighted average price per security: ZAR 11.8601
Lowest traded price per security on the market on the day: ZAR 11.03
Total value: ZAR 45,776,235.31
Transaction date: 5 June 2020
Number of securities: 4,425,075
Highest traded price per security on the market on the day: ZAR 13.50
Weighted average price per security: ZAR 12.87370
Lowest traded price per security on the market on the day: ZAR 11.59
Total value: ZAR 56,967,088.03
MAS is listed on the Main Board of the JSE and is listed and admitted to trading on the Euro MTF market
of the Luxembourg Stock Exchange. This announcement meets with the information requirements of the
EU Market Abuse Regulation (the “MAR”) in terms of which shareholders are advised that PKM is
considered a person closely associated with Martin Slabbert and Victor Semionov which as executive
directors of MAS discharges managerial responsibilities for the Company.
5 June 2020
For further information please contact:
Dan Petrisor, MAS Real Estate Inc. +40 741 184 921
Java Capital, JSE Sponsor +27 11 722 3050
Harney Westwood & Riegels SARL,
Luxembourg Stock Exchange Listing Agent +352 27 867 102
Date: 05-06-2020 05:45:00
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