SABVEST LIMITED - Shareholding in Torre Industries Limited
SBV SVN 201706280037A
Shareholding in Torre Industries Limited
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 Ordinary shares
ISIN: ZAE000012043 N Ordinary shares
(“Sabvest” or “the Company”)
SHAREHOLDING IN TORRE INDUSTRIES LIMITED
Shareholders are advised that Sabvest has restructured the form of its investment in Torre Industries
Limited (“Torre”) by disposing of 63m Torre shares held by certain of its subsidiaries to Newshelf 1400
(Pty) Ltd (“SPV”) at a value of 135 cents per share in exchange for ordinary shares in SPV which is
currently owned by Charles Pettit.
In addition, MIC Investment Holdings (Pty) Ltd has disposed of 66 464 571 Torre shares to SPV in
exchange for shares in SPV.
On conclusion of these transactions, Sabvest’s subsidiaries will collectively own 48,67% of SPV which
will own 25,18% of Torre.
Sandton
28 June 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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