CTK : Cautionary Announcement:
CARTRACK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2005/036316/06)
Share code: CTK ISIN: ZAE000198305
("Cartrack" or "Company")
CAUTIONARY ANNOUNCEMENT RELATING TO AN EXPRESSION OF INTEREST WHICH COULD
RESULT IN A POTENTIAL RESTRUCTURING OF CARTRACK
The Company has received an expression of interest from a foreign investor, which is proposing a transaction
that could ultimately result in the restructure of the Company such that shareholders would hold shares,
pursuant to a scheme of arrangement, in a Singapore entity which would be primary listed on a major global
stock exchange with a secondary listing on the JSE.
The Cartrack board has constituted an independent sub-committee to assess and consider the terms of the
proposal. Any proposed restructure of the Company would be subject to various conditions precedent including
regulatory approvals (both locally and abroad) and approval by Cartrack shareholders to the extent required.
Shareholders are advised to exercise caution when dealing in the Company's securities until a further
announcement is made in this regard.
Johannesburg
02 March 2020
Sponsor:
The Standard Bank of South Africa Limited
Date: 02-03-2020 05:40:00
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
