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Finalisation Announcement – Offer, Share Repurchase and Delisting
SASFIN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002097/06)
Share Code: SFN
ISIN Number: ZAE000006565
("Sasfin Holdings" or "the Company")
FINALISATION ANNOUNCEMENT – OFFER, SHARE REPURCHASE AND DELISTING
1. INTRODUCTION
Shareholders are referred to the results of General Meeting announcement published on SENS
on 2 December 2024 and in Business Day on 3 December 2024, wherein Shareholders were
advised that the Resolutions to approve the Subscription for Cash in Sasfin Wealth, the Share
Repurchase by Sasfin Wealth and the Delisting were approved by the requisite majority of
Shareholders at the General Meeting and that the Offer by Sasfin Wealth to all Shareholders
to acquire their Shares had become unconditional as to acceptances, but remained subject to
the fulfilment of the Maximum Acceptances Condition, namely that the Offer is accepted by
Shareholders holding no more than 10% of the Company's Shares.
The capitalised terms used but not defined in this announcement shall bear the same meaning
given to such terms in the Circular to Shareholders dated 1 November 2024.
2. RESULTS OF OFFER AND FULFILMENT OF THE MAXIMUM ACCEPTANCES CONDITION
Shareholders are hereby advised that the Offer closed at 12:00 pm today, 20 December 2024
and that the Maximum Acceptances Condition has been fulfilled. The results of the Offer are
as follows:
Total number of Shares in issue as at the Record Date: 32 124 161
Total number of Shares repurchased by Sasfin Wealth in terms of the Offer: 2 867 276
Percentage of Shares repurchased by Sasfin Wealth in terms of the Offer: 8.92%
Offer Price per Share: R30.00
Total Offer Consideration paid by Sasfin Wealth to Offer Participants: R86 018 280
Total number of Shares retained by Shareholders: 29 256 885
Following the fulfilment of the Maximum Acceptances Condition, Shareholders are advised that
application has been made for the Delisting of Sasfin Holdings from the Main Board of the JSE
which will be implemented in accordance with the following salient dates and times.
Suspension of the listing of the Shares on the JSE with effect
from the commencement of trade on Monday, 23 December 2024
Payment of Offer Consideration to Offer participants (refer to
notes 2 and 3 below), with the last payment on Monday, 23 December 2024
Termination of the listing of the Shares at the commencement
of trade on the JSE on Monday, 30 December 2024
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Notes:
1. All times referred to are local times in South Africa.
2. Certificated Shareholders who have accepted the Offer will have the Offer Consideration
transferred to them by EFT into the bank account nominated by them in the Form of
Acceptance, Surrender and Transfer, by no later than the Payment Date.
3. Dematerialised Shareholders who accepted the Offer will have their accounts at their CSDP or
Broker updated with the Offer Consideration by no later than the Payment Date.
Johannesburg
20 December 2024
Corporate Advisor to Sasfin Holdings
Rothschild and Co
Legal Advisor to Sasfin Holdings
Edward Nathan Sonnenbergs Inc.
Independent Expert
BDO Corporate Finance Proprietary Limited
Transaction Sponsor and Sponsor
Questco Corporate Advisory Proprietary Limited
2
Date: 20-12-2024 03:15:00
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