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RMB HOLDINGS LIMITED - Dealing in securities by a director

Release Date: 23/06/2020 17:05
Code(s): RMH     PDF:  
Wrap Text
Dealing in securities by a director

RMB Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1987/005115/06)
ISIN: ZAE000024501
JSE ordinary share code: RMH
("RMH")

DEALING IN SECURITIES BY A DIRECTOR

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

   Director                         Paul Kenneth Harris
   Company                          RMH
   On-market/off-market             Off-market
   Clearance obtained               Yes
   Class of securities              Ordinary shares
   Nature of interest               Indirect beneficial


   Transaction:

   Nature of transaction            Pledge and cession in securitatem debiti
                                    of ordinary shares as security for a
                                    financial obligation
   Transaction effective date       23 June 2020
   Number of shares pledged as      7,000,000
   security
   Deemed value of transaction      R357 000 000(with reference to the RMH
                                    closing price on 22 June 2020)


   Financial obligation:

   Nature of financial obligation   Loan funding
   Term                             1.81 years
   Loan amount                      R370 907 314.64

The RMH shares that were previously provided as security for a financial
obligation in respect of the transaction announced on the Stock Exchange News
Service on 12 December 2016 have been released and have now been provided as
security in respect of the above described financial obligation.

Sandton
23 June 2020

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Date: 23-06-2020 05:05:00
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