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Latest News: Brait plc BRAIT [BAT], BIHL EB [BIHLEB]

Thu, 20 Nov 2025	Official Announcement [TB]
Brait - structured equity hedge transaction Shareholders were advised that with effect from 20 November 2025, Brait has entered into a structured equity hedge transaction with the Standard Bank of South Africa Ltd. in respect of 4 746 835 Premier Group Ltd. ("Premier") ordinary shares ("Hedging Shares") (the "Transaction"). The Transaction ensures that Brait has no downside risk on the Hedging Shares below a Premier share price of R166.69 and allows Brait to benefit from any Premier share price appreciation above that level up to an average of R186.16 per share on the Hedging Shares. Once the Transaction is complete, Brait's economic interest in Premier will reduce from 32.3% to 28.7%. The Transaction was concluded based on inbound institutional interest and Brait does not intend for the foreseeable future to conclude other equity hedge transactions and / or market placements of its shareholding.
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