Disclosure Of Disposal Of Securities In The Company
KAP INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/000181/06)
Share code: KAP
(“KAP” or “the Company”)
DISCLOSURE OF DISPOSAL OF SECURITIES IN 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
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