Enhanced Investments - Financial Portal

Update announcement regarding related party transactions

Published: 2023-08-08 17:00:24 ET

SYGNIA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2007/025416/06)
Share code on the JSE and A2X: SYG
ISIN: ZAE000208815
(“Sygnia” or “the Company”)

UPDATE ANNOUNCEMENT REGARDING RELATED PARTY TRANSACTIONS BETWEEN
SYGNIA ASSET MANAGEMENT (PTY) LTD, BERET PROPERTIES (PTY) LTD AND WIDOK
PROPERTIES (PTY) LTD

Shareholders are referred to the announcement released on SENS on 01 March 2023 in terms of which
shareholders were advised that Sygnia Asset Management Proprietary Limited (“SAM”), a subsidiary
of Sygnia, entered into agreements to renew certain lease agreements with related parties (“the
Transactions”). The Transactions in aggregate are deemed to be a small related party transaction in
terms of the Listings Requirements of the JSE Limited (“JSE”).
Accordingly, in compliance with paragraph 10.7(b) of the Listings Requirements of the JSE, PSG Capital
(Pty) Ltd was appointed by the Company as the independent professional expert and has furnished the
Sygnia board of directors with its opinion (“Independent Expert Opinion”) confirming that the terms of
the Transactions are fair insofar as Sygnia shareholders are concerned. The JSE has approved the
Independent Expert Opinion.
The signed Independent Expert Opinion will lie open for inspection by shareholders at Sygnia’s
registered office, 7th Floor, The Foundry, Cardiff Street, Cape Town, 8001, for a period of 28 days from
today, 08 August 2023. The Independent Expert Opinion is also available electronically during this
period upon request to the Company Secretary at gmaclachlan@sygnia.co.za.



Cape Town
08 August 2023

Sponsor
The Standard Bank of South Africa Limited

Independent Expert
PSG Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.