CLIENTELE LIMITED - Notification in terms of section 122 of the Companies Act No 71 of 2008 (Companies Act)
CLI 201402250030A
Notification in terms of section 122 of the Companies Act, No 71 of 2008 ("Companies Act")
Clientèle Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/023806/06)
Share code: CLI
ISIN: ZAE000117438
("Clientèle" or “Company”)
Notification in terms of section 122 of the Companies Act, No. 71 of 2008
(“Companies Act”)
In accordance with section 122(3) of the Companies Act read with section
122(1)and (2)(a),shareholders are advised that the Company has received
formal notifications of the following indirect acquisitions/disposals of
beneficial interests in the Company:-
1. Hollard Holdings (Proprietary) Limited (“Hollard”) has, indirectly
through the disposal of shares in River Lily Investments(Proprietary)
Limited (“River Lily”) and Newshelf 702 (Proprietary)Limited (“Newshelf”)
respectively, reduced its indirect ownership in the Company such that
its ownership of the Company’s shares (both direct and indirect) has
decreased from 33,3758% to 17.4790%;
2. Capclient Holdings Sarl has, pursuant to the acquisition of shares
in River Lily as well as the transactions referred to above, acquired
a further indirect ownership interest in the Company such that its
ownership of the Company’s securities (indirectly through River Lily
and Newshelf) has increased from 41,4411% to 57,3379%.
These transactions have been implemented as part of a process designed to
achieve the separate regulatory supervision of the Clientele and Hollard
groups upon the expected implementation of changes to South African
insurance regulations.
Johannesburg
25 February 2014
Sponsor
PricewaterhouseCoopers Corporate Finance(Pty)Ltd
Date: 25/02/2014 01:45:00 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.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
