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CSG HOLDINGS LIMITED - Disposal And Acquisition Of Securities

Release Date: 02/12/2021 11:00
Code(s): CSG     PDF:  
Wrap Text
Disposal And Acquisition Of Securities

(Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN: ZAE000184438
(“CSG” or the “Company”)


CSG shareholders (“Shareholders”) are referred to the firm intention announcement released
on the Stock Exchange News Service of the JSE Limited (“SENS”) on 8 November 2021, in
which they were advised that UBI General Partner Proprietary Limited (“General Partner”), in
its capacity as general partner of the ARC Fund (“ARC Fund” or the “Offeror”), which, through
its wholly-owned portfolio investment company Gemcap Proprietary Limited (“Gemcap”), is a
24.8% indirect shareholder in the Company (calculated by including treasury shares) had, on
4 November 2021, delivered to the board of directors of CSG a binding offer to acquire all of
the ordinary shares in the issued share capital of CSG (“Shares”) which it does not already
indirectly own, from all Shareholders who wish to sell their Shares for a cash consideration of
35 cents per Share (the “Offer”).

On 18 November 2021, Shareholders were further advised on SENS that a circular has been
distributed to Shareholders on that day detailing the Offer. In the circular it was noted that the
shares held by Gemcap will be transferred to the Offeror in order to directly hold the investment
in CSG. As Gemcap is a wholly owned subsidiary of the Offeror, the transfer does not result
in a change in ultimate ownership.

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 the Company has now received formal notification, in the prescribed form, of the
following changes in the shareholding of the Company:

Gemcap, a wholly owned portfolio company of General Partner has disposed of its entire
24.8% interest in the securities of the Company to General Partner, in its capacity as general
partner of the ARC Fund.

2 December 2021

PSG Capital

Date: 02-12-2021 11:00:00
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