CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa) Registration number: 2006/011359/06 Share code: CSG
ISIN code: ZAE000184438 ("CSG" or "the Company")
TAKEOVER REGULATION PANEL DISCLOSURE - DEALING IN SECURITIES
At the annual general meeting of the Company held on 17 November 2021 ("AGM"), shareholders, by special resolution, granted a general authority to the board of directors of the Company ("Board") to repurchase up to 20% of the issued ordinary share capital of the Company, on the terms and subject to the conditions specified in the notice of AGM.
Shareholders are hereby advised that, on 15 March 2022, the Company repurchased an aggregate of 179 240 ordinary shares, representing 0.03% of the issued ordinary share capital of the Company as at the date on which the authority to repurchase the ordinary shares was granted ("Repurchase").
The Repurchase, together with the shares previously repurchased under the general authority, amount to less than 3% of the number of CSG shares in issue at the date of the AGM, and it is therefore not required to be announced by the Company on the Stock Exchange News Service ("SENS") in terms of paragraph 11.27 of the JSE Listings Requirements.
In light of the offer from UBI General Partner Proprietary Limited, in its capacity as general partner of the ARC Fund, as announced on SENS and detailed in the circular issued to CSG shareholders on 18 November 2021, the Repurchase does however constitute allowable dealing during an offer period as contemplated in Regulation 98 of the Companies Regulations, 2011, which requires the information set out below to be published:
NAME OF COMPANY DEALING IN | BDM Financing (Proprietary) Limited |
CSG SECURITIES | (a subsidiary of CSG) |
(Registration number: 2013/127166/07) | |
TYPE OF SECURITIES | Shares |
CLASS OF SECURITIES | Ordinary |
DATE OF TRANSACTION | 15 March 2022 |
PRICE PER SECURITY | 35 cents |
NUMBER OF SECURITIES | 179 240 |
TRANSACTED | |
TOTAL RAND VALUE OF | R62 734.00 |
SECURITIES TRANSACTED | |
NATURE OF TRANSACTION | Purchase of ordinary shares by a subsidiary of |
CSG in terms of a general authority to | |
repurchase shares (On-market transaction) | |
CLEARANCE OBTAINED | Yes |
The Board (to the extent that the information relates directly to the Company) accepts responsibility for the information contained in this announcement and certify that, to the best of its knowledge and belief, the information contained in this announcement relating to the Company is true and this announcement does not omit anything that is likely to affect the importance of such information.
Pretoria
16 March 2022
Sponsor
PSG Capital
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CSG Holdings Limited published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 10:37:02 UTC.