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Kaap Agri Limited (JSE:KAL) News - Disclosure Of Disposal Of Securities
KAAP AGRI LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2011/113185/06)
Share code: KAL
ISIN: ZAE000244711
(“Kaap Agri” or the “Company”)
DISCLOSURE OF DISPOSAL OF SECURITIES
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended, and
paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised
that, on 18 July 2022, the Company received formal notification in the prescribed form from
PSG Financial Services Limited (“PSL”), a wholly-owned subsidiary of PSG Group Limited
(“PSG Group”), advising that it has disposed of a beneficial interest in securities of the
Company to a third party, such that the total direct beneficial interest held by PSL as at the
date of this announcement amounts to 17.36% of the Company’s total issued ordinary share
capital (“PSL Disposal”).
PSG Group indicated to the Company that the PSL Disposal occurred as part of the internal
restructuring and repositioning of PSG Group’s shareholding in various investments, as
referred to in PSG Group’s circular to shareholders, issued on 8 July 2022
(“PSG Group Circular”). Following implementation of the remainder of such internal
restructuring, PSG Group will hold approximately 34.7% of Kaap Agri’s issued ordinary share
capital. The implementation of the internal restructuring is one of the conditions precedent to
the PSG Group Restructuring (as defined and detailed in the PSG Group Circular), which
includes, inter alia, the unbundling by PSG Group of its entire shareholding in the Company.
Paarl
19 July 2022
Sponsor
PSG Capital
Date: 19-07-2022 10:20:00
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