TRANSACTION CAPITAL LIMITED - Fulfilment of Outstanding Conditions Precedent and Completion of Transaction

Fulfilment of Outstanding Conditions Precedent and Completion of Transaction

Transaction Capital Limited
(Incorporated in the Republic of South Africa)                 TransCapital Investments Limited
                                                               (Incorporated in the Republic of South Africa)
Registration No: 2002/031730/06
                                                               (Registration No. 2016/130129/06)
JSE share code: TCP
                                                               JSE debt code: TCII
ISIN: ZAE000167391
(“Transaction Capital” or “the Company”)


FULFILMENT OF OUTSTANDING CONDITIONS PRECEDENT AND COMPLETION OF TRANSACTION

1.    INTRODUCTION

Shareholders are referred to the announcement released on the Stock Exchange News Service of the
JSE Limited on Monday, 19 November 2018 advising shareholders that an equity partnership
transaction had been concluded in which the South African National Taxi Council (“SANTACO”) would
acquire a 25% stake in SA Taxi Finance Holdings Proprietary Limited (“SA Taxi”), a major subsidiary of
Transaction Capital, for R1.701 billion (the “Transaction”).

2.    FULFILMENT OF CONDITIONS PRECEDENT

Transaction Capital is pleased to advise Shareholders that all conditions precedent to the Transaction
have been successfully fulfilled. Accordingly, the Transaction is now unconditional.


Dunkeld West, Johannesburg
6 February 2019

Investor relations
Phillipe Welthagen
Contact number: +27 (0) 11 049 6700

Financial Advisor, Lead Mandated Arranger and Transaction Sponsor
The Standard Bank of South Africa Limited




                                                      

Date: 06/02/2019 11:18:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.