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4SIGHT HOLDINGS LIMITED - Dealings in securities by an associate of a director of the company

Release Date: 22/11/2024 14:45
Code(s): 4SI     PDF:  
Wrap Text
Dealings in securities by an associate of a director of the company

4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2022/852017/06)
JSE share code: 4SI ISIN: ZAE000324059
("4Sight" or "the Company")


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR OF THE COMPANY


Shareholders are referred to the announcement published on 25 April 2018 regarding the acquisition by 4Sight of
4Sight Systems Proprietary Limited (previously known as AccTech Systems Proprietary Limited) ("Systems") and
Dynamics Africa Services Proprietary Limited ("Dynamics Africa") (the "Acquisition").

Prior to the announcement and implementation of the Acquisition, an agreement was concluded between the
shareholders of Systems and Dynamics Africa and certain members of their respective management teams at the time
(the "Nominated Employees") whereby the Nominated Employees would also participate in the Acquisition through
the receipt of 4Sight shares.

The parties wish to give effect to this agreement and as such, a tranche of shares owing to Eric van der Merwe, a 
director of 4Sight and a Nominated Employee, will be transferred to him from Silver Knight Trustees Proprietary 
Limited ("Silver Knight"). In addition. Mr van der Merwe will dispose of a portion of those shares to settle the 
tax liabilities arising from the transfer.

Accordingly, shareholders are advised of the following dealings in securities by an associate of a director of the
Company:

Name of associate:                                       Suez Investments Proprietary Limited ("Suez Investments")
Name of director and relationship to director:           Eric van der Merwe, who is the sole shareholder of Suez
                                                         Investments
Transaction date:                                        18 November 2024
Class of securities:                                     Ordinary shares
Number of securities:                                    3 403 546
Deemed price per security:                               R0.68
Deemed value of the transaction:                         R2 314 411.28
Nature of transaction:                                   Off-market receipt of shares from Silver Knight
Nature and extent of director's interest:                Indirect beneficial
Clearance to deal received                               Yes

Name of associate:                                       Suez Investments
Name of director and relationship to director:           Eric van der Merwe, who is the sole shareholder of Suez
                                                         Investments
Transaction date:                                        18 November 2024
Class of securities:                                     Ordinary shares
Number of securities:                                    1 868 546
Deemed price per security:                               R0.68
Deemed value of the transaction:                         R1 270 611.28
Nature of transaction:                                   Off-market sale of shares to settle tax liabilities
Nature and extent of director's interest:                Indirect beneficial
Clearance to deal received                               Yes

22 November 2024


Designated advisor
Java Capital

Date: 22-11-2024 02:45:00
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