| In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the Johannesburg Stock Exchange (JSE), shareholders are advised that the following directors or their associates as detailed below have been issued ordinary shares at an issue price of 4 (four) cents per share following the approval of the specific issue of shares for cash at the general meeting held on 11 December 2024. Shareholders are advised that the shares have subsequently been issued and listed by the JSE. |
| ISSUE OF SHARES |
| The following applies to both tables below: |
| Ø Approval was received on 13 December 2024. |
| Ø Nature of the transaction is an issue of shares, which is off-market in nature. |
| Ø Shares have been issued in Visual. |
| Ø Shareholder approval was received for the Specific Issue of Shares for cash therefore no clearance needed to be obtained. |
| Name of director |
Number of securities |
Extent of Interest |
Value of transaction |
Nature of interest |
| R Kadalie |
29 980 625 |
3,05% |
1 199 225,00 |
Direct Beneficial |
| LT Matlholwa |
21 630 000 |
2,20% |
865 200,00 |
Direct Beneficial |
|
| Name of associate (director) |
Number of securities |
Extent of Interest |
Value of transaction |
Nature of interest |
| CKR Investment Trust (CK Robertson) |
305 961 625 |
31,09% |
12 238 465,00 |
Indirect Beneficial |
| My Place Trust (CK Robertson) |
62 384 350 |
6,34% |
2 495 374,00 |
Indirect Beneficial |
| Transform Properties (Pty) Ltd (CK Robertson) |
73 998 875 |
7,52% |
2 959 955,00 |
Indirect Beneficial |
| Diepwater Trust –
shares(CK Robertson) |
16 860 888 |
1,71% |
674 435,52 |
Indirect Beneficial |
| Khoisan Investment Holdings Proprietary Limited (Dr RR Richards) |
33 009 375 |
3,35% |
1 320 375,00 |
Indirect Beneficial |
| uJobs (Pty) Ltd (LT Matlholwa) |
23 125 000 |
2,35% |
925 000,00 |
Indirect Beneficial |
|
| SECTION 122 ANNOUNCEMENT |
| By Section 3.83(b) of the Listings Requirements of JSE Limited, following the issue of the above shares, certain shareholders have increased as follows: |
| |
| Name of director or associate of director |
Shareholding before the issue of
shares |
Shareholding after the issue of
shares |
| CKR Investment Trust |
19.79% |
39.34% |
| My Place Trust |
- |
6.34% |
| Transform Properties (Pty) Ltd |
- |
7.52% |
|
| CKR Investment Trust and RAL Trust, both associates of CK Robertson, represented the existing controlling shareholder of Visual as detailed in the Specific Issue of Shares for Cash circular. |
| As required in terms of Section 122(3)(a) of the Companies Act, Visual will file the required Section 121 declarations with the Takeover Regulation Panel. |
| RESPONSIBILITY STATEMENT |
| The Board accepts responsibility for the information contained in this announcement to the extent that it relates to the Company. To the best of their knowledge and belief, the information contained in this announcement is true and nothing has been omitted which is likely to affect the importance of the information. |
| For the full document click the link below: |
| Visual International Holdings Limited |
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