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PBT GROUP LIMITED - Acquisition and delisting of shares in terms of section 164 of the Companies Act

Release Date: 12/04/2019 13:30
Code(s): PBG     PDF:  
Wrap Text
Acquisition and delisting of shares in terms of section 164 of the Companies Act

PBT Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1936/008278/06)
JSE Share code: PBG ISIN: ZAE000256319
("PBT Group" or “the Company”)


ACQUISITION AND DELISTING OF PBT GROUP SHARES IN TERMS OF SECTION 164 OF
THE COMPANIES ACT 2008 (ACT 71 OF 2008)(“ACT”)

Shareholders of PBT Group (“Shareholders”) are referred to the Supplementary Circular to
Shareholders dated 28 August 2018 (“Circular”) relating to, inter alia, a specific repurchase of the
Company’s shares and the special general meeting of Shareholders held on 28 September 2018
(“General Meeting”) convened in terms of the Circular.

The Company has acquired from the following Shareholders of PBT Group, who exercised their
rights in terms of section 164 of the Act and voted against, inter alia, special resolution number 1,
specific authority to repurchase its shares by the Company at the General Meeting (“Dissenting
Shareholders”), the number of PBT Group ordinary shares (“Shares”) indicated below at a price
of R2.30 per Share.

AA Cilliers                                      700 000
J Cilliers                                       60 000
The Andes Trust                                  104 548
Jester Investment Trust Proprietary Limited      197 020
Wahoo Investments Proprietary Limited            391 415


A total of 1 452 983 Shares, representing 1.07% of the issued share capital of the Company was
acquired. The listing of the Shares that were acquired from the Dissenting Shareholders have
been withdrawn from the JSE Limited with effect from 2 April 2019.
12 April 2019
Cape Town
Sponsor
Sasfin Capital (a member of the Sasfin Group)

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