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ELB GROUP LIMITED - Disclosure of dealings by an associate of a director

Release Date: 12/02/2020 12:55
Code(s): ELR     PDF:  
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Disclosure of dealings by an associate of a director

ELB GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 1930/002553/06)
ISIN: ZAE000035101
JSE Code: ELR
(“ELB” or “the Company”)


Disclosure of dealings by an associate of a director


In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited (“Listing
Requirements”), the following information is disclosed in relation to ordinary shares held by an
associate of Charles Pettit, a director of the Company:

 Name of associate:                             Apex Partners Holdings (Pty) Ltd (“APH”)
 
 Relationship to the associate:                 Mr Pettit has a beneficial shareholding in APH

 Nature of transaction:                         Settlement of a pre-existing loan obligation entered
                                                into by APH on 12 November 2019, for which APH
                                                provided ELB shares as security
 
 Nature and extent of director’s interests in   Indirect beneficial holding
 the transaction:

 Date of settlement of loan obligation:         11 February 2020

 Deemed value per share:                        R8.6028

 Number of shares released from security:       4,500,000

 Rand value of shares:                          R38,712,600

 Permission to deal obtained:                   Yes

Johannesburg
12 February 2020

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 12-02-2020 12:55:00
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