FINBOND GROUP LIMITED - Notification in terms of section 122(3) of the Companies Act and section 3.83(B) of the JSE Listings Requirements

Notification in terms of section 122(3) of the Companies Act and section 3.83(B) of the JSE Listings Requirements

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

NOTIFICATION IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND
SECTION 3.83(B) OF THE JSE LISTINGS REQUIREMENTS AND DEALINGS IN
SECURITIES BY A DIRECTOR

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008
("the Act"), and section 3.83(b) of the JSE Limited (“JSE”) Listings
Requirements, holders of ordinary shares in the Company 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, such that their beneficial interests
of the securities of the Company amounts to 14.09% of the total number
of shares in issue.

As announced on SENS on 3 March 2022, the disposal of shares forms
part of a distribution to underlying investors in Protea funds, so
that instead of the funds 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.”


Finbond hereby confirms that it has received the required notice from
Protea in terms of section 122(3)(a) of the Act, and that Finbond has
filed the required notice with the Takeover Regulation Panel.

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)

Date of transaction:             24 February 2022

Number of securities:            37,727,716

Price:                           99 cents per share

Total Transaction Value:         R37,350,438.84

Class of securities:             Ordinary shares
Nature of the transaction:   Off market   disposal by way of
                             unbundling   to   underlying fund
                             investors

Nature of interest:          Indirect beneficial (through Protea)

Clearance obtained:          Yes


17 March 2022
Pretoria

Sponsor
Grindrod Bank Limited

Date: 17-03-2022 05:00:00
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