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TRANSACTION CAPITAL LIMITED - Dealings in securities by directors, by the company secretary and by directors of major subsidiaries

Release Date: 24/12/2018 08:30
Code(s): TCP     PDF:  
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Dealings in securities by directors, by the company secretary and by directors of major subsidiaries

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


DEALINGS IN SECURITIES BY DIRECTORS, BY THE COMPANY SECRETARY AND BY
DIRECTORS OF MAJOR SUBSIDIARIES

Shareholders are referred to the announcement released on the Stock Exchange News Service of the
JSE Limited on 30 November 2018 with regards to Share Appreciation Rights (“SARs”) and Conditional
Share Plan Awards (“CSPs”) exercised by directors and the company secretary of the Company and by
directors of major subsidiaries of the Company (“Directors and Company Secretary”) in terms of the
Transaction Capital Limited Share Appreciation Rights Plan and the Transaction Capital Conditional
Share Plan (collectively, the “Long Term Incentive Plans”).

A process was facilitated on behalf of participants of the Long Term Incentive Plans who wished to
dispose of Transaction Capital securities, the proceeds of which will be utilised in part to settle taxes
due in terms of the Long Term Incentive Plans. All disposals of Transaction Capital securities were
executed by a broker on behalf of participants. Participants were not actively involved in the sale
process. A total of 1 442 266 Transaction Capital shares were disposed of in this process on the
following terms:

 Date                                  # of shares        Sale price per share      Value of transaction
 14 December 2018                           65 666                      R18.00                R1 181 988
 19 December 2018                          304 366                      R17.83                R5 427 303
 20 December 2018                        1 072 234                      R17.80               R19 086 301
 Total                                   1 442 266                      R17.82               R25 695 592

Each of the above disposals was executed on a pro-rata basis for each participant. Each participant will
receive proceeds from the sale of securities at a value of R17.82 per securities sold.

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is
hereby given that the following Directors and Company Secretary have disposed of securities held in
the Company in terms of the abovementioned process. The difference between the securities disposed
by Directors and Company Secretary and those specifically recorded in the table above were the
securities disposed on behalf of other employee participants of the Long Term Incentive Plans.

 
Name of director:                                   David McAlpin
Name of company:                                    Transaction Capital Risk Services Holdings
                                                    Proprietary Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         235 880
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R4 202 468
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes

Name of director:                                   Carl de Villiers
Name of company:                                    Transaction Capital Recoveries Proprietary
                                                    Limited and MBD Legal Collections Proprietary
                                                    Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         46 346
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R825 706
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes

Name of director:                                   Mark Herskovits
Name of company:                                    Transaction Capital Limited and SA Taxi
                                                    Finance Holdings Proprietary Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         11 324
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R201 750
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes

Name of director:                                   Lorenzo Cardoso
Name of company:                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         35 651
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R635 163
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes

Name of director:                                   Riek Olivier
Name of company:                                    SA Taxi Finance Holdings Proprietary Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         98 018
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R1 746 301
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes

Name of director:                                   Ronen Goldstein
Name of company:                                    Transaction Capital Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         82 681
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R1 473 055
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes

Name of company secretary:                          Theresa Palos
Name of company:                                    Transaction Capital Limited
Date proceeds from sale notified to director:       21 December 2018
Nature of transaction and class of security:        On market sale of ordinary shares
Total number of securities:                         3 381
VWAP per share:                                     R17.82
Lowest price per share:                             R17.80
Highest price per share:                            R18.04
Value of transaction:                               R60 236
Nature of interest:                                 Direct, beneficial
Clearance obtained:                                 Yes



Dunkeld West
24 December 2018

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

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




                                                 

Date: 24/12/2018 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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