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TRANSACTION CAPITAL LIMITED - Directors dealings in securities and notice of change of beneficial interest

Release Date: 23/11/2018 17:20
Code(s): TCP     PDF:  
Wrap Text
Director’s dealings in securities and notice of change of beneficial interest

Transaction Capital Limited
(Incorporated in the Republic of South Africa)
Registration number: 2002/031730/06
JSE share code: TCP
ISIN: ZAE000167391
(“Transaction Capital” or “the company”)


DEALINGS IN SECURITIES BY ASSOCIATES OF A DIRECTOR AND NOTICE OF
CHANGE OF BENEFICIAL INTEREST


In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information is disclosed by the company:


 Name of director:                                 Jonathan Jawno
 Name of company:                                  Transaction Capital
 Date of transactions:                             22 November 2018
 Nature:                                           Indirect; non-beneficial
 Nature and class of securities:                   Off market sale and acquisition of ordinary
                                                   shares
 Interest of associates:                           The family of Mr Jonathan Jawno, one of the
                                                   founders of Transaction Capital, has
                                                   commenced a process to rearrange the
                                                   ownership of its interests in Transaction
                                                   Capital but with no change in its absolute
                                                   holdings in that company.
                                                   The family’s look through interest of 59 333
                                                   333 Transaction Capital shares, held by
                                                   Everglen Capital (Pty) Ltd (“Everglen”), has
                                                   been sold to the Kimberley Investment Trust
                                                   (“KIT”).
                                                   The KIT, of which Jonathan Jawno is a
                                                   trustee    and   contingent   discretionary
                                                   beneficiary, held one third of the issued
                                                   shares of Everglen, which the KIT has
                                                   disposed of.
                                                   The shareholders of Everglen now comprise
                                                   the family trusts of Michael Mendelowitz and
                                                   Roberto Rossi in equal proportions. Michael
                                                   Mendelowitz and Roberto Rossi are trustees
                                                   and contingent discretionary beneficiaries of
                                                   their respective family trusts.
 Total number of securities:                       59 333 333
 Price per share:                                  R17.78
 Value of transaction:                             R1 054 946 661
 Clearance obtained                                Yes

Change of beneficial interest in Transaction Capital:

As a result of the above, and in accordance with section 122(3)(b) of the Companies Act, no.
71 of 2008 (as amended) (“the Act”), and paragraph 3.83(b) of the JSE Limited Listings
Requirements, shareholders are hereby advised that the company received formal notification
of the following changes of beneficial interest in the company:

      -   Everglen has disposed of a beneficial interest in the company such that it now owns
          19.45% of the issued ordinary share capital of the company;
      -   KIT has acquired a beneficial interest in the company such that it now owns 9.72% of
          the issued ordinary share capital of the company.

As required in terms of section 122(3)(a) of the Act, the Company has filed the required notice
with the Takeover Regulation Panel.

Dunkeld West
23 November 2018

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)




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