Dealings in securities
CARTRACK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
Share code: CTK
DEALING IN SECURITIES
In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the
JSE Limited (“JSE”), the following dealings are disclosed:
In the interest of increasing the free float and widening the shareholder base
of Cartrack, IJ Calisto and Karoo Pte. Ltd have facilitated this transaction. In
their view, the shares will remain undervalued until the current liquidity
challenges are resolved in a responsible manner.
On 21 November 2019, Karoo Pte. Ltd (an associate of IJ Calisto with an indirect
beneficial interest in Cartrack), proceeded with an off-market transfer of
1,200,000 ordinary Cartrack shares to IJ Calisto at a price of R13.44 per share
amounting to R16,128,000. The rationale for the transfer/sale was in discharge
of an outstanding loan between the parties.
On the same day, IJ Calisto proceeded with a further transaction as set out
Director: IJ Calisto
Company: Cartrack Holdings Limited
Date of transactions: 21 November 2019
Detail of transactions: Off-market disposal
Nature of transaction: Direct Beneficial
Class of securities: Ordinary shares
Number of shares sold: 1,200,000
Price per share: R25.75
Total value of transaction: R30,900,000
Post the above transaction, IJ Calisto holds a 68% combined direct and indirect
beneficial interest in Cartrack and remains fully committed to the business for
the long term.
The requisite clearance for the above was obtained in accordance with paragraph
3.66 of the JSE Limited Listings Requirements.
21 November 2019
The Standard Bank of South Africa Limited
Date: 21/11/2019 03:15:00
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