| Mon 2 Feb 2026, 17:30 | | WE BUY CARS HOLDINGS LIMITED - Dealing in Securities by an Associate of Two Directors and Section 122 Announcement |
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Dealing in Securities by an Associate of Two Directors and Section 122 Announcement
WE BUY CARS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration number 2020/632225/06
JSE Share code: WBC
ISIN: ZAE000332789
("WeBuyCars" or "the Company")
DEALING IN SECURITIES BY AN ASSOCIATE OF TWO DIRECTORS AND SECTION 122 ANNOUNCEMENT
As part of their personal investment diversification and estate planning, Mr ASS van der Walt and Mr DJF
van der Walt, who are executive directors of the Company, (the "Directors"), have disposed of shares in
the Company owned by I VDW Holdings Proprietary Limited, an associate company jointly indirectly owned by
the Directors. The proceeds of the disposal will primarily be applied towards family-related obligations
and personal investments.
The disposal formed part of a considered process of portfolio management, rebalancing and diversification,
particularly in light of the Company's share price performance over an extended period, which had resulted
in the Directors' shareholding representing a disproportionately large portion of their personal wealth.
Following the dealings set out herein, the Directors and their associates continue to collectively hold
5.81% of the total issued share capital of the Company, which remains a large portion of their respective
investment portfolios.
They do not intend to sell any further shares in the Company in the near future.
The Directors remain fully committed to the Company and will continue in their executive roles with an
ongoing focus on delivering sustainable growth and long-term value for all shareholders. Together, they
remain among the top five of the Company's shareholders.
Prior to the dealings disclosed below, the Directors had not disposed of any shares in the Company, held
directly or indirectly by them, since the listing in April 2024.
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the dealing in securities by an associate of the Directors is disclosed:
NAMES OF DIRECTORS ASS van der Walt and DJF van der Walt
COMPANY OF WHICH A DIRECTOR We Buy Cars Holdings Limited
STATUS Both Directors are executive directors of the Company
NAME OF ASSOCIATE I VDW Holdings Proprietary Limited
RELATIONSHIP WITH DIRECTORS Both Directors are (i) directors of the associate and
(ii) indirect beneficial shareholders of the associate
NATURE OF TRANSACTIONS Off-market sales of shares by the abovementioned
associate of the Directors
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
TYPE AND CLASS OF SECURITIES Ordinary shares
DATE OF TRANSACTIONS 28, 29, 30 January and 2 February 2026
HIGHEST PRICE PER SECURITY R46.50
LOWEST PRICE PER SECURITY R46.00
AVERAGE PRICE PER SECURITY R46.27
NUMBER OF SECURITIES TRANSACTED 18 723 178
TOTAL RAND VALUE OF SECURITIES R866 403 949.51
TRANSACTED
CLEARANCE OBTAINED Yes
In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended ("Companies Act"),
and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the
Company has received formal notification in the prescribed form from I VDW Holdings Proprietary Limited,
advising that it has disposed of a beneficial interest in securities of the Company, such that the total
of all beneficial interests held by it amounts to 5.65% of the total issued shares of the Company.
The requisite notice in terms of section 122(3)(a) of the Companies Act has been filed with the Takeover
Regulation Panel.
The Board of the Company accepts responsibility for the information contained in this announcement and
confirms that, to the best of its knowledge and belief, such information accurately reflects the
information contained in the TRP 121.1 form received by the Company from I VDW Holdings Proprietary Limited
and that this announcement does not omit anything likely to affect the importance of the information
contained in this announcement.
Centurion
2 February 2026
Joint Sponsors to WeBuyCars
PSG Capital Pallidus Exchange Services
Date: 02-02-2026 05:30:00
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