CAPITEC BANK HOLDINGS LIMITED – Dealing In Securities By An Associate Of A Director

2019/06/11 16:10:00
SENS announcement for JSE listed company: CPI
                        

CPI 201906110045A
Dealing In Securities By An Associate Of A Director

CAPITEC BANK HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1999/025903/06)
Registered bank controlling company
Share Code: CPI
ISIN Number: ZAE000035861

DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR

In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings
Requirements, the following information, relating to the dealing in
securities by an associate of a director is disclosed:

NAME OF DIRECTOR M S du P le Roux
NAME OF ASSOCIATE Limietberg Sekuriteit (Pty) Ltd
DIRECTOR’S RELATIONSHIP WITH Mr Le Roux is a director of
ASSOCIATE Limietberg Sekuriteit (Pty) Ltd
COMPANY OF WHICH HE IS A DIRECTOR Capitec Bank Holdings Limited
STATUS Non-Executive Director
CLASS AND TYPE OF SECURITIES Ordinary shares
DATE OF TRANSACTION 10 June 2019
NUMBER OF SECURITIES TRANSACTED 1 250 000
NATURE OF TRANSACTION Collar (Long Put and Short Call)
PUT STRIKE PRICE R 1,161.99
CALL STRIKE PRICE R 1,936.64
OPTION STYLE European
EXPIRY DATE 3 years on average
TRADE Off Market
NATURE AND EXTENT OF THE Indirect, non-beneficial
DIRECTOR’S INTEREST IN THE
TRANSACTION

Due to the continued volatility in the market and Mr le Roux’s age, this
transaction enabled Limietberg Sekuriteit (Pty) Ltd (‘Limietberg’) to
protect the downside risk of the share price at 90% of the current value
(‘Put strike price’) on 1 250 000 Capitec shares. In order to reduce the
cost of the protection, Limietberg was willing to forfeit the growth above
150% of the current value (‘Call strike price’) of the shares. It is
Limietberg’s intention to cash settle the transaction at maturity as opposed
to selling any shares.

Stellenbosch
11 June 2019

Sponsor
PSG Capital

Date: 11/06/2019 04:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.

GO TO SHOP CART

Follow us:

Search Articles:Advanced Search
Click a Company:
server: 172.17.0.2