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SHOPRITE HOLDINGS LIMITED - Dealings in securities by an associate of a director

Release Date: 20/12/2019 09:00
Code(s): SHP     PDF:  
Wrap Text
Dealings in securities by an associate of a director

Shoprite Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1936/007721/06)
ISIN no: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE Share code: SHOPRITE
(“Shoprite Holdings”)


In compliance with the JSE Limited     Listings   Requirements,   the
following information is disclosed:

Shareholders are referred to the announcement released on SENS on
28 June 2018, with regards to hedging transactions entered into by
Titan Premier Investments Proprietary Limited (“Titan”) over a
portion of Titan’s shareholding in Shoprite Holdings. The
aforesaid hedging transaction (“the Collar Transaction”) was part
of Titan’s ongoing investment and balance sheet management.

Shareholders are now advised that Titan has fully unwound the
Collar Transaction entered into on 26 June 2018 and has terminated
the security arrangement over the underlying shares and has, as a
consequence, sold the underlying shares.

Titan remains a strategic investor in Shoprite Holdings and
continues to hold via associated entities 60,000,000 ordinary
shares. The unwinding of the Collar Transaction does not impact
the deferred shares held by the Titan group, which remain
unchanged at 264,969,112.

Director                    :   Dr C H Wiese
Office Held                 :   Chairman
Associate                   :   Titan Premier Investments
                                Proprietary Limited
Date transaction effected   :   17 December 2019
Nature of transaction       :   Sale of shares
On market / off market      :   Off market
Written clearance to deal   :   Yes
Interest for associate      :   Direct beneficial - for Titan
                                Premier Investments Proprietary
                                Limited, an entity ultimately
                                controlled by ‘Christo Wiese
                                Family Trust’of which Dr C H
                                Wiese is a beneficiary
Interest for director       :   Indirect beneficial
Number of shares            :   18,985,606 ordinary shares
Price per share             :   R134.16
Value of the transaction    :   R2,547,108,901

Cape Town
Date 20 December 2019

Nedbank Corporate and Investment Banking

Date: 20-12-2019 09:00:00
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