Sharenet Sites 
Sharenet Sites
Results of the Odd-Lot Offer and Specific Offer in respect of Trencor Shares
TRENCOR LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1955/002869/06)
Share code: TRE ISIN: ZAE000007506
(“Trencor” or the “Company”)
RESULTS OF THE ODD-LOT OFFER AND SPECIFIC OFFER IN RESPECT OF TRENCOR SHARES
Capitalised terms (i.e. denoted by words with a capitalised first letter) used in this announcement and not expressly defined
herein shall bear the same meaning as ascribed to them in the Circular.
Shareholders are referred to the Circular posted on Wednesday, 18 September 2019, which contained details regarding
the Odd-lot Offer and Specific Offer to Trencor Shareholders. Shareholders are further referred to the General Meeting of
Shareholders held on Friday, 18 October 2019, and to the subsequent announcements that were released on the Stock
Exchange News Service on (i) Friday, 18 October 2019, advising the voting results of the General Meeting; (ii) Tuesday,
22 October 2019, advising that the Offers were approved by Shareholders at the General Meeting; and (iii) Tuesday,
29 October 2019, advising the finalisation announcement relating to the Offers.
Shareholders are hereby advised of the results of the Offers, both of which closed on Friday, 8 November 2019.
Results of the Odd-lot Offer:
Shares retained by Shares sold by Shares sold by Total Shares
election election default* sold
Certificated 65 87 18 031 18 118
Dematerialised 1 563 3 153 3 564 6 717
Total 1 628 3 240 21 595 24 835
*Odd-lot Holders who did not make an election were automatically regarded as having chosen to sell their Odd-lot Holdings.
Results of the Specific Offer:
Shares retained by Shares sold by
default election
Certificated 48 814 1 903
Dematerialised 116 328 116 419
Total 165 142 118 322
Accordingly, Trencor will repurchase a total of 143 157 Shares, representing 0,08% of the total issued share capital of the
Company, for a total Offer Consideration of R4 621 107,96.
The total issued Shares of Trencor will accordingly be reduced from 173 677 833 to 173 534 676.
The requisite payments of Cash Consideration to qualifying Shareholders pursuant to the Offers will be made today,
11 November 2019.
This repurchase will result in Trencor’s shareholder base reducing by 1 236 shareholders (c.41%) and will benefit Trencor
(and ultimately Textainer, post the implementation of the Unbundling) in reducing its on-going administration costs in
relation to the large number of shareholders that would have held a relatively small shareholding in the respective
companies.
Trencor Services Proprietary Limited
Secretaries
11 November 2019
Financial Advisor and Transaction Sponsor
Investec Bank Limited
Legal and Tax Advisor
Edward Nathan Sonnenbergs Inc.
www.trencor.net
Date: 11/11/2019 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
