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Dealing In Securities By An Associate Of A Director
CAPITEC BANK HOLDINGS LIMITED
Registration Number: 1999/025903/06
Incorporated in the Republic of South Africa
Registered bank controlling company
Share Code: CPI
ISIN Number: ZAE000035861
("Capitec")
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements ("Listings Requirements"), the following information, relating
to the dealing in securities by an associate of a director is disclosed.
Shareholders are referred to the announcement released on SENS on
20 December 2021 regarding the implementation of a hedging and financing
transaction over 590 000 Capitec shares (the "2021 Transaction") by an
associate of Mr M S du P le Roux, Kalander Sekuriteit (Pty) Ltd ("Kalander")
and the announcements released on SENS on 23 August 2024 and
23 October 2024 relating to an extension of the maturity dates of a portion
of the 2021 Transaction and a hedging and financing transaction concluded by
Kalander in order to refinance a portion of the maturing tranches of the 2021
Transaction (the "First Transaction").
As indicated on 23 October 2024 Kalander intended to implement further
refinancing transactions in relation to the 2021 Transaction. Shareholders
are now advised that Kalander, has implemented a second hedging and financing
transaction (the "Second Transaction") in order to refinance the final portion
of the maturing tranches of the 2021 Transaction, the relevant details of
which are set out below:
NAME OF DIRECTOR M S du P le Roux
NAME OF ASSOCIATE Kalander
DIRECTOR'S RELATIONSHIP WITH Mr Le Roux is a director of Kalander
ASSOCIATE
COMPANY OF WHICH A DIRECTOR Capitec Bank Holdings Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-Executive Director
TYPE AND CLASS OF SECURITIES Ordinary Shares
NUMBER OF SECURITIES TRANSACTED 247 676
DEEMED VALUE OF SECURITIES R785 323 631.00 (referencing
TRANSACTED 1 November 2024 closing price)
NATURE OF TRANSACTION Funded Option Transaction
DATE OF TRANSACTION 1 November 2024
PUT STRIKE PRICE R2,862.74
CAP STRIKE PRICE R5,407.39
OPTION STYLE European
EXPIRY DATE 3.28 years on average
MAXIMUM FINANCIAL OBLIGATION R709 031 992.00
NUMBER OF SHARES PROVIDED AS 247 676
SECURITY/COLLATERAL
TRADE Off-market
NATURE AND EXTENT OF Indirect, non-beneficial
THE DIRECTOR'S
INTEREST IN THE TRANSACTION
Kalander hedged a total of 475,000 shares to refinance the 590,000 Capitec
shares previously hedged under the 2021 Transaction.
The hedging counterparty shall provide Kalander with loan financing for the
duration of the Transaction. The maximum financial obligation under that
financing arrangement, including all interest thereon, will never exceed the
total number of shares hedged multiplied by the put strike price. Kalander
will therefore always be in the position to fully cover the liability under
the financing arrangement with the hedged shares.
4 November 2024
Stellenbosch
Sponsor
PSG Capital
Date: 04-11-2024 05:22:00
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