Finbond Group Limited (JSE:FGL) News - Dealings in Securities by Associates of a Director

Finbond Group Limited
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE000138095
(“Finbond” or “the Company” or “the Group”)


Dealings in Securities by Associates of a Director

Shareholders are advised that Protea Asset Management LLC (“Protea”),
representing accounts under their control, have disposed of a
beneficial interest in ordinary shares of the Company.

The disposal of shares forms part of a distribution to underlying
investors in Protea funds, so that instead of owning these shares
indirectly through the funds, the underlying investors will now own
the shares directly, by way of a distribution in kind of the shares.

Protea explained their rationale for the distribution as follows:

“The distribution will improve Finbond’s public shareholder spread and
the liquidity and tradability of Finbond’s shares on the JSE.”

Protea is an associate of Mr. Sean Riskowitz, a non-executive director
of Finbond. In compliance with paragraphs 3.63 to 3.74 (both
inclusive) of the JSE Listings Requirements, the information relating
to dealing in Finbond shares by a director of the Company is disclosed
as follows:



Name of company:                Finbond Group Limited

Name of director:               Mr.   Sean    Riskowitz   (Non-Executive
                                Director)

Name of associate:              Protea Asset Management LLC

Date of transaction:            24 February 2022

Number of securities:           148,630,374

Price:                          99 cents per share

Total Transaction Value:        R147,144,070.26

Class of securities:            Ordinary shares

Nature of the transaction:      Off-market disposal by Protea, by way
                                of   unbundling  to  underlying  fund
                                investors
Nature of interest:             Indirect Beneficial (through Protea)

Clearance obtained:             Yes



Name of company:                Finbond Group Limited

Name of director:               Mr.   Sean   Riskowitz   (Non-Executive
                                Director)

Name of associate:              Protea Asset Management LLC

Date of transaction:            24 February 2022

Number of securities:           14,517,625

Price:                          99 cents per share

Total Transaction Value:        R14,372,448.75

Class of securities:            Ordinary shares

Nature of the transaction:      Off Market disposal, by Protea, by way
                                of   Unbundling  to   underlying  fund
                                investors

Nature of interest:             Indirect Beneficial (through Riskowitz
                                Capital Management LLC (“RCM”)). The
                                shares were transferred from Protea to
                                RCM, also an associate of Mr. Sean
                                Riskowitz.

Clearance obtained:             Yes




3 March 2022

Sponsor:

Grindrod Bank Limited

Date: 03-03-2022 05:30:00
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