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CARTRACK HOLDINGS LIMITED - Dealings in securities by associates of a director

Release Date: 01/03/2019 07:05
Code(s): CTK     PDF:  
Wrap Text
Dealings in securities by associates of a director

CARTRACK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/036316/06)
Share code: CTK
ISIN: ZAE000198305
(‘Cartrack’)

DEALING IN SECURITIES BY ASSOCIATES OF A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following
dealings are disclosed:


Director:                             IJ Calisto
Company:                              Cartrack Holdings Limited
Associates:                           One August Holdings (Pty) Ltd and Karoo (Pvt) Ltd
Date of transactions:                 28 February 2019
Detail of transactions:               Off-market disposal by One August Holdings (Pty) Ltd of
                                      Cartrack shares and subsequent acquisition by Karoo (Pvt)
                                      Ltd
Nature of transaction:                Indirect Beneficial
Class of securities:                  Ordinary shares
Number of shares sold:                204 500 000
Price per share:                      R13.44
Total value of transaction:           R2,748,480,000


Prior clearance for this transaction was obtained.

Shareholders are advised that these transactions were entered into for the purpose of Karoo (Pvt)
Ltd (owned by IJ Calisto and his direct family) acquiring and owning the shares in Cartrack. The
share price was determined by using the Volume Weighted Average Price over the last 30-day
period. The fulfillment of the transaction is subject to applicable regulatory requirements and other
conditions precedent.



Johannesburg
1 March 2019

Sponsor:
The Standard Bank of South Africa Limited

Date: 01/03/2019 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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