Dealings in securities by associates of a director and notice of change of beneficial interests
Transaction Capital Limited TransCapital Investments Limited
(Incorporated in the Republic of South Africa) (Registration No. 2016/130129/06)
Registration No: 2002/031730/06 (Incorporated in the Republic of South Africa)
JSE share code: TCP JSE debt code: TCII
("Transaction Capital" or "the Company")
DEALINGS IN SECURITIES BY ASSOCIATES OF A DIRECTOR AND NOTICE OF CHANGE
OF BENEFICIAL INTERESTS
The family of Michael Paul Mendelowitz, a founder of Transaction Capital, is undertaking a process to
rearrange the ownership of its interest in Transaction Capital, but with no change in its absolute holding in
In compliance with paragraphs 3.63 and 3.65 of the JSE Limited Listings Requirements (“Listings
Requirements”), the following information is disclosed:
Name of director Michael Paul Mendelowitz
Name of company Transaction Capital Limited
Date transaction was effected 25 November 2020
Class of security Ordinary shares
Share price R21.58
Number of shares 36 333 333
Total value R784 073 326
Nature of transaction Off market disposal and acquisition of ordinary shares
Nature of interest Indirect, non-beneficial
Clearance obtained Yes
Interest of associates The Mendelowitz family’s look through rights to
36 333 333 Transaction Capital shares (‘the shares’),
held by Rutland Trust (‘RT’), have been acquired by
Mr. Mendelowitz will thereafter dispose of the shares
to Pilatucom Holdings Limited (‘Pilatucom’) 33.33% of
the shares of which will be held by a trust of which
Mr. Mendelowitz is a contingent discretionary
The transaction with Pilatucom will be implemented
once formalities are finalised.
Change of beneficial interests
As a result of the above, and in accordance with section 122(3)(b) of the Companies Act no. 71 of 2008 (as
amended) (‘the Act’), and paragraph 3.83(b) of the Listings Requirements, shareholders are hereby advised
that the Company received formal notification of the following changes of beneficial interests in the
1. RT has disposed of the shares in the company to Mr. Mendelowitz.
2. Mr. Mendelowitz will dispose of the shares to Pilatucom.
3. Pilatucom owns 72 666 667 shares in the Company and, after the acquisition from Mr. Mendelowitz, it
will accordingly own 109 000 000 shares representing 16.47% of the issued shares in the Company.
The Mendelowitz family’s look through interest in the issued shares of the Company accordingly
remains unchanged at 5.49%.
Transaction Capital confirms that, as required in terms of section 122(3)(a) of the Act, the Company has
filed the required notices with the Takeover Regulation Panel and to the best of its knowledge and belief,
the information supplied by Mr.Mendelowitz is complete and consistent.
26 November 2020
Phillipe Welthagen - Investor Relations
Telephone: +27 845125393
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26-11-2020 05:30:00
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