| Fri 6 Dec 2019, 12:30 | | BALWIN PROPERTIES LIMITED - BWN : Restructuring of Directors interest in Balwin Properties Limited |
|
BWN : Restructuring of Director?s interest in Balwin Properties Limited:
Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the company" or "the group")
RESTRUCTURING OF DIRECTOR'S INTEREST IN BALWIN PROPERTIES LIMITED
Shareholders are advised that Stephen Volker Brookes ("Mr Brookes"), the Chief Executive Officer of Balwin,
restructured his shareholding in the company by disposing all of his shareholding to Volker Holdings (Pty) Ltd, of
which Mr Brookes and his family are the sole beneficial holders.
The rationale for the restructuring is that Mr Brookes is consolidating all of his South African assets into a holding
company to be managed by his family office.
In compliance with the JSE Limited Listings Requirements, the following information regarding the dealing in
securities is disclosed:
Name of director Stephen Volker Brookes
Company of which a director Balwin Properties Ltd
Status: Executive/Non-executive Executive
Type and class of securities Ordinary shares
Nature of transaction Disposal of shares by Mr Brookes to his associate (off-
market transaction)
Date of transaction 06 December 2019
Price per security 326 cents
Number of securities transacted 167,635,659
Total rand value of transaction R546,492,248.34
Nature and extent of interest in the transaction Change from direct beneficial to indirect beneficial
Clearance obtained Yes
Shareholders are advised that Rodney Norman Gray ("Mr Gray"), the Managing Director of Balwin, restructured his
shareholding in the company by disposing all of his shareholding to Rodna Investments (Pty) Ltd, of which Mr Gray
and his family are the sole beneficial holders.
The rationale for the restructuring is that Mr Gray is consolidating all of his South African assets into a holding
company to be managed by his family office.
Name of director Rodney Norman Gray
Company of which a director Balwin Properties Ltd
Status: Executive/Non-executive Executive
Type and class of securities Ordinary shares
Nature of transaction Disposal of shares by Mr Gray to his associate (off
market transaction)
Date of transaction 06 December 2019
Price per security 326 cents
Number of securities transacted 47,221,798
Total rand value of transaction R153,943,061.48
Nature and extent of interest in the transaction Change from direct beneficial to indirect beneficial
Clearance obtained Yes
Bedfordview
06 December 2019
Sponsor: Investec Bank Limited
Date: 06-12-2019 12:30:00
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.
