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Notification of acquisition of beneficial interest in securities and share dealings by a director and associates
RECM and Calibre Limited
(Incorporated in the Republic of South Africa)
Registration number 2009/012403/06
Preference Share Code: RACP
ISIN: ZAE000145041
("RAC" or "the Company")
NOTIFICATION OF ACQUISITION OF A BENEFICIAL INTEREST IN SECURITIES AND SHARE DEALINGS BY A
DIRECTOR AND ASSOCIATES OF DIRECTORS
NOTIFICATION OF ACQUISITION OF A BENEFICIAL INTEREST IN SECURITIES
Shareholders are hereby notified that RAC has received formal notification in the prescribed form, that Astoria
Investments Limited (“Astoria”), has acquired an interest in the preference shares of RAC, such that the total
interest in the preference shares of RAC held by Astoria now amounts to 14.5% of the total issued preference
shares of RAC.
As required in terms of the Companies Act 71 of 2008, RAC will file the required notices with the Takeover
Regulation Panel. Shareholders are referred to a separate announcement made by Astoria for further
information in this regard.
SHARE DEALINGS BY A DIRECTOR AND ASSOCIATES OF DIRECTORS OF THE COMPANY
In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are hereby notified
of the following dealings in securities by associates of directors:
Name of director: Pieter Gerhardt Viljoen
Name of associate: Seneca Investment Company (Pty) Ltd (“SIC”)
Relationship to associate: Mr. Viljoen is a beneficial shareholder of SIC
Date of transaction: 11 November 2021
Notional price of securities based on 1422 cents per share
the NAV of RAC shares at 30
September 2021:
Number and class of securities: 508 554 preference shares
Total notional value of securities: R7 231 637.88
Nature and extent of interest: Indirect beneficial
Nature of transaction: On-market disposal
Additional information: SIC disposed of 508 554 RAC participating preference shares in
exchange for 924 555 Astoria shares
Name of director: Johannes Cornelis van Niekerk
Name of associate: Maximus Investments CC (“Maximus”)
Relationship to associate: Mr van Niekerk is a trustee and beneficiary of the Cornel Trust,
which owns 100% of the members interest of Maximus
Date of transaction: 11 November 2021
Notional price of securities based on 1422 cents
the NAV of RAC shares at 30
September 2021:
Number and class of securities: 304 310 preference shares
Total notional value of securities: R4 327 288.20
Nature and extent of interest: Indirect beneficial
Nature of transaction: On-market disposal
Additional information: Maximus disposed of 304 310 RAC participating preference shares in
exchange for 503 759 Astoria shares
Name of director: Johannes Cornelis van Niekerk
Name of associate: T-Tow Investments (Pty) Ltd (“T-Tow”)
Relationship to associate: Mr van Niekerk is a trustee and beneficiary of the Cornel Trust,
which owns 100% of the issues shares of T-Tow
Date of transaction: 11 November 2021
Notional price of securities based on 1422 cents
the NAV of RAC shares at 30
September 2021:
Number and class of securities: 100 000 preference shares
Total notional value of securities: R1 422 000
Nature and extent of interest: Indirect beneficial
Nature of transaction: On-market disposal
Additional information: T-Tow disposed of 100 000 RAC participating preference shares in
exchange for 165 541 Astoria shares
Name of director: Johannes Cornelis van Niekerk
Date of transaction: 11 November 2021
Notional price of securities based on 1422 cents
the NAV of RAC shares at 30
September 2021:
Number and class of securities: 50 000 preference shares
Total notional value of securities: R711 000
Nature and extent of interest: Indirect beneficial
Nature of transaction: On-market disposal
Additional information: Mr van Niekerk disposed of 50 000 RAC participating preference shares
in exchange for 82 771 Astoria shares
Name of director: Johannes Cornelis van Niekerk
Name of associate: Cora Foundation Trust
Relationship to associate: Mr van Niekerk is one of five trustees of the Cora Foundation Trust,
a charitable trust that was established by his family. Neither Mr van
Niekerk nor any member of his family are beneficiaries of the Cora
Foundation Trust
Date of transaction: 11 November 2021
Notional price of securities based on 1422 cents
the NAV of RAC shares at 30
September 2021:
Number and class of securities: 51 500 preference shares
Total notional value of securities: R732 330
Nature and extent of interest: Indirect beneficial
Nature of transaction: On-market disposal
Additional information: Cora Foundation Trust disposed of 51 500 RAC participating
preference shares in exchange for 85 254 Astoria shares
Clearance to deal was obtained from the Company’s chairman.
Cape Town
12 November 2021
JSE Sponsor
Questco Corporate Advisory Proprietary Limited
Date: 12-11-2021 05:35:00
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