Dealing in securities by an associate of directors of the company
PEREGRINE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/006026/06)
Share code: PGR ISIN: ZAE000078127
("Peregrine" or "the Company")
DEALING IN SECURITIES BY AN ASSOCIATE OF DIRECTORS OF THE COMPANY
Shareholders are referred to the announcement released on SENS on 16 January 2017 ("the 2017 SENS")
wherein shareholders were advised that PGR 2 Investments Proprietary Limited ("PGR 2"), had entered into an
off-market zero-cost collar hedge ("the collar"), in respect of 3 000 000 Peregrine shares, which collar would
settle in six equal tranches of 500 000 each with, in each case, having a put strike price of R29.00 and a call
strike price of R40.20. Pursuant to the unbundling and distribution by Peregrine of all its shares in Sandown
Capital Limited, the collar was amended and is now in respect of 3 419 118 Peregrine shares, settling in six
equal tranches of 569 853 Peregrine shares each, having a put strike price of R25.45 and a call strike price of
Shareholders are accordingly advised that as the closing share price of Peregrine shares on 3 September 2018,
was R21.20, being lower than the put strike price of R25.45, the collar entered into by PGR 2 was automatically
settled off-market by the retention of 569 853 Peregrine shares by the relevant counterparty under the collar
(which held them pursuant to a pledge and securities loan arrangement) and payment to PGR 2 in cash of the
put strike price, being in aggregate R14 502 758.85.
PGR 2 was, at the time of the 2017 SENS, an associate of Sean Melnick, (by virtue of his indirect holding of
100% of PGR 2) and is presently an associate of Steven Stein who is the sole director of PGR 2 and of Sean
Melnick who has an indirect beneficial interest in PGR2, both of whom are directors of Peregrine.
4 September 2018
Deloitte & Touche Sponsor
Date: 04/09/2018 05:35:00 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.
Email this JSE Sens Item to a Friend.