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KAP INDUSTRIAL HOLDINGS LIMITED - Disclosure Of Disposal Of Securities In The Company

Release Date: 28/03/2019 15:00
Code(s): KAP     PDF:  
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Disclosure Of Disposal Of Securities In The Company

(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
ISIN: ZAE000171963
(“KAP” or “the Company”)


1. In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended,
   and in accordance with paragraph 3.83(b) of the JSE Limited Listings Requirements,
   shareholders are hereby advised that the Company had received formal notification in the
   prescribed form that Ainsley Holdings Proprietary Limited (“Ainsley”), a wholly-owned
   indirect subsidiary of Steinhoff International Holdings N.V. (“Steinhoff”), has disposed of
   ordinary shares of the Company such that the total interest in the ordinary shares of the
   Company now held by Ainsley amounts to zero (previously 25.67%) of the total issued
   ordinary shares of the Company.

2. Shareholders are referred to an announcement published by Steinhoff on 27 March 2019
   in terms of which it advised that Steinhoff had successfully placed 694 206 661 ordinary
   shares in KAP through an accelerated bookbuild offering, in terms of which the shares
   were disposed of at a price of R6.85 per share, representing a discount of circa 9.4% to
   the closing price of the KAP shares on the JSE Limited on 26 March 2019.

3. The board of directors of KAP records its appreciation to Steinhoff for the shareholder
   support which it has provided to KAP over a number of years and for the responsible
   manner in which this disposal of shares was concluded.

By order of the Board
KAP Secretarial Services Proprietary Limited

28 March 2019

PSG Capital

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