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TAS
TAS
TAS - Taste Holdings Limited - Amendments to directors` shareholdings
TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162
("Taste")
AMENDMENTS TO DIRECTORS` SHAREHOLDINGS
In terms of the acquisition of the entire issued share capital of NWJ
Holdings (Pty) Limited ("NWJ") ("the NWJ acquisition), 41 774 194 Taste
ordinary shares were issued as follows:
Number of
shares
The Hylton Rabinowitz Family Trust 33 419 355
The D Buxton Family Trust 8 354 839
(collectively "the vendors")
In terms of an agreement between the vendors and Richroy Manufacturing
Jewellers (Pty) Limited ("Richroy"), the vendors agreed to:-
purchase the remaining 40% of that company not effectively held by NWJ from
the minority shareholder ("the Richroy acquisition");
advance the funds required by NWJ to give effect to the Richroy acquisition;
ensure the Richroy acquisition takes place simultaneously with the Taste
acquisition of NWJ;
the said advance is part of the sale price payable by Taste to the vendors
and not an additional amount payable to the vendors;
settle the minority shareholder with 828 949 Taste shares from The Hylton
Rabinowitz Family Trust and 207 237 Taste shares from The D Buxton Family
Trust, at 62 cents per share, and the balance in cash as payment for the
minority`s shareholding in Richroy.
In addition, the vendors have transferred the following shares at 62 cents
per share to their transaction brokers:
Number of
shares
The Hylton Rabinowitz Family Trust 1 806 452
The D Buxton Family Trust 451 613
The vendors have transferred the balance of their Taste shares into the names
of their beneficiaries, resulting in the following direct beneficial
shareholdings in Taste shares:
Number of
shares
H Rabinowitz (executive director) 30 783 954
D Buxton (alternate director to H Rabinowitz) 7 695 989
Johannesburg
12 August 2008
Designated Adviser
Vunani Corporate Finance
Date: 12/08/2008 14:15:01 Produced by the JSE SENS Department.
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