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SABVEST LIMITED - Sabvest: Donations to Solidarity Fund and Covid-19 initiatives

Release Date: 14/04/2020 12:19
Code(s): SBV SVN     PDF:  
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Sabvest: Donations to Solidarity Fund and Covid-19 initiatives

(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
Ordinary share code: SBV and ISIN: ZAE000006417
N Ordinary share code: SVN and ISIN: ZAE000012043


Shareholders are advised that in support of the initiatives of Government leaders and other RSA
Business leaders, all of Sabvest’s non-executive directors and all of its executive directors have
taken salary, benefit and fee reductions of 30% for the three months to June 30. These amounts
will be donated to The Solidarity Fund to assist in the fight against the Covid-19 pandemic.

The Seabrooke Family Trust, Sabvest’s controlling shareholder, will also donate directly to The
Solidarity Fund and other initiatives.

In addition to Sabvest’s normal education-focused SRI programs, Sabvest itself will allocate an
additional amount to specific Covid-19 programs through the Masimong Foundation.

14 April 2020

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 14-04-2020 12:19:00
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