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TRANSACTION CAPITAL LIMITED - Dealings in securities by a director and by directors of a major subsidiary

Release Date: 20/06/2019 12:53
Code(s): TCP     PDF:  
 
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Dealings in securities by a director and by directors of a major subsidiary

Transaction Capital Limited                            TransCapital Investments Limited
(Incorporated in the Republic of South Africa)         (Incorporated in the Republic of South Africa)
Registration No: 2002/031730/06                        (Registration No. 2016/130129/06)
JSE share code: TCP                                    JSE debt code: TCII
ISIN: ZAE000167391                    
("Transaction Capital" or "the Company")    

DEALINGS IN SECURITIES BY A DIRECTOR AND BY DIRECTORS OF A MAJOR SUBSIDIARY

Shareholders are referred to the announcement released on the Stock Exchange News Service of the
JSE Limited on 30 May 2019 with regards to Share Appreciation Rights ("SARs") and Conditional Share
Plan Awards ("CSPs") exercised by directors of the Company and by directors of major subsidiaries of
the Company ("Participants") in terms of the Transaction Capital Limited Share Appreciation Rights Plan
and the Transaction Capital Conditional Share Plan (collectively, the "Long Term Incentive Plans").

In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notification is
hereby given that Participants have disposed of securities held in the Company. A portion of the
proceeds from the sale of securities will be utilised to settle taxes due in terms of the Long Term
Incentive Plans.

All disposals of Transaction Capital securities were executed by a broker on behalf of Participants.
Participants were not actively involved in the sale process. A total of 245 270 Transaction Capital shares
were disposed of in this process on the following terms:

Date                                   # of shares        Sale price per share     Value of transaction
18 June 2019                                63 181                     R19.50                R1 232 029
19 June 2019                               182 089                     R19.50                R3 550 754
Total                                      245 270                     R19.50                R4 782 783

Each of the above disposals was executed on a pro-rata basis for each Participant. Each Participant
will receive proceeds from the sale of securities at a value of R19.50 per security sold.

The below table details the number of shares disposed of and proceeds received by Participants:

Name of director:                                        Mark Herskovits
                                                         Transaction Capital Limited and SA Taxi Finance
Name of company:                                         Holdings Proprietary Limited, a major subsidiary
                                                         of Transaction Capital Limited
Date proceeds from sale notified to director:            19 June 2019
Nature of transaction and class of security:             On market sale of ordinary shares
Number of securities:                                    91 991
VWAP per share:                                          R19.50
Lowest price per share:                                  R19.50
Highest price per share:                                 R19.51
Value of transaction:                                    R1 793 831
Extent of interest:                                      Direct, beneficial
Clearance obtained:                                      Yes
                                                      
Name of director:                                        Lorenzo Cardoso                                                         
Name of company:                                         SA Taxi Finance Holdings Proprietary Limited, a
                                                         major subsidiary of Transaction Capital Limited
Date proceeds from sale notified to director:            19 June 2019
Nature of transaction and class of security:             On market sale of ordinary shares
Number of securities:                                    126 056
VWAP per share:                                          R19.50
Lowest price per share:                                  R19.50
Highest price per share:                                 R19.51
Value of transaction:                                    R2 458 101
Extent of interest:                                      Direct, beneficial
Clearance obtained:                                      Yes

Dunkeld West
20 June 2019

Enquiries:
Phillipe Welthagen - Investor Relations
Telephone: +27 (0) 11 049 6700

Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)


Date: 20/06/2019 12:53:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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