WeBuyCars Shares received pursuant to Transaction Capital Limited’s Unbundling of WeBuyCars
WE BUY CARS HOLDINGS LIMITED
(previously WBC Holdings Proprietary Limited)
Incorporated in the Republic of South Africa
Registration number 2020/632225/06
JSE Share code: WBC
ISIN: ZAE000332789
("WeBuyCars" or "the Company")
DEALINGS IN WEBUYCARS SECURITIES: WEBUYCARS SHARES RECEIVED PURSUANT TO
TRANSACTION CAPITAL LIMITED'S UNBUNDLING OF WEBUYCARS
In compliance with the JSE Limited ("JSE") Listings Requirements, the following information is disclosed:
Shareholders of WeBuyCars ("Shareholders") are referred to the announcement published on the Stock
Exchange News Service ("SENS") of the JSE, on 13 February 2024 by Transaction Capital Limited ("TC")
regarding, inter alia, the pro rata distribution in specie of TC's shareholding in WeBuyCars to TC shareholders
(the "Unbundling"). Certain directors of WeBuyCars and its major subsidiaries hold TC shares and,
accordingly, upon implementation of the Unbundling on 16 April 2024, received shares in WeBuyCars ("WBC
Shares") in the same ratio and on the same basis applicable to all TC shareholders. Applicable details
regarding the directors in question and the WBC Shares unbundled to them, appear below.
NAME OF DIRECTOR ASS van der Walt
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive director
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTION 16 April 2024
PRICE PER SECURITY (CENTS) R20.17*
NUMBER OF SECURITIES 215,674
TOTAL RAND VALUE OF SECURITIES R4,350,144.58
NAME OF ASSOCIATE I Faan Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director and shareholder of associate
NATURE OF TRANSACTION Off market receipt of WBC Shares
pursuant to the Unbundling
NATURE AND EXTENT OF INTEREST IN Indirect beneficial
THE TRANSACTION
CLEARANCE OBTAINED Not applicable
NAME OF DIRECTOR J Mills
COMPANY OF WHICH A DIRECTOR We Buy Cars Proprietary Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive director of major subsidiary
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTION 16 April 2024
PRICE PER SECURITY (CENTS) R20.17*
NUMBER OF SECURITIES 8,823
TOTAL RAND VALUE OF SECURITIES R177,959.91
NAME OF ASSOCIATE I John Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director and shareholder of associate
NATURE OF TRANSACTION Off market receipt of WBC Shares
pursuant to the Unbundling
NATURE AND EXTENT OF INTEREST IN Indirect beneficial
THE TRANSACTION
CLEARANCE OBTAINED Not applicable
NAME OF DIRECTOR WT Roos
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Independent non-executive director
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTION 16 April 2024
PRICE PER SECURITY (CENTS) R20.17*
NUMBER OF SECURITIES 33,331
TOTAL RAND VALUE OF SECURITIES R672,286.27
NAME OF ASSOCIATE Not applicable
RELATIONSHIP WITH DIRECTOR Not applicable
NATURE OF TRANSACTION Off market receipt of WBC Shares
pursuant to the Unbundling
NATURE AND EXTENT OF INTEREST IN Direct beneficial
THE TRANSACTION
CLEARANCE OBTAINED Not applicable
NAME OF DIRECTOR MP Mendelowitz
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Independent non-executive director
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTION 16 April 2024
PRICE PER SECURITY (CENTS) R20.17*
NUMBER OF SECURITIES 12,199,786
TOTAL RAND VALUE OF SECURITIES R246,069,683.62
NAME OF ASSOCIATE Upperway Investments Proprietary Limited
and Neuhiem Holdings Limited
RELATIONSHIP WITH DIRECTOR Discretionary contingent beneficiary
NATURE OF TRANSACTION Off market receipt of WBC Shares
pursuant to the Unbundling
NATURE AND EXTENT OF INTEREST IN Indirect beneficial
THE TRANSACTION
CLEARANCE OBTAINED Not applicable
NAME OF DIRECTOR KB Amoils
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Alternate director to MP Mendelowitz
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTION 16 April 2024
PRICE PER SECURITY (CENTS) R20.17*
NUMBER OF SECURITIES 3,438,036
TOTAL RAND VALUE OF SECURITIES R69,345,186.12
NAME OF ASSOCIATE Not applicable
RELATIONSHIP WITH DIRECTOR Not Applicable
NATURE OF TRANSACTION Off market receipt of WBC Shares
pursuant to the Unbundling
NATURE AND EXTENT OF INTEREST IN Direct beneficial
THE TRANSACTION
CLEARANCE OBTAINED Not applicable
*The closing price of WBC Shares on 16 April 2024.
Centurion
19 April 2024
Joint Sponsors to WeBuyCars
PSG Capital Pallidus Exchange Services
Date: 19-04-2024 04:00:00
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