FINBOND GROUP LIMITED – Notifications under Section 122(3) of the Companies Act and Section 3.83(B) of the JSE Registration Requirements – SENS

                            

Notifications in terms of section 122(3) of the Companies Act and section 3.83(B) of the JSE Listings Requirements

Finbond Group Limited
(Registration number: 2001/015761/06)
Share code: FGL ISIN: ZAE000138095
(“Finbond” or “the Company” or “FGL”)

NOTIFICATIONS IN TERMS OF SECTION 122(3) OF THE COMPANIES ACT AND
SECTION 3.83(B) OF THE JSE LISTINGS REQUIREMENTS AND DEALINGS IN
SECURITIES BY A DIRECTOR

In accordance with section 122(3)(b) of the Companies Act, 71 of 2008
(‘the Act’), and section 3.83(b) of the JSE Limited (“JSE”) Listings
Requirements, holders of ordinary shares in the Company are advised
that Protea Asset Management LLC (“Protea”), representing accounts
under their control, have disposed of a beneficial interest in
ordinary shares of the Company, such that their beneficial interests
of the securities of the Company amounts to 6.06% of the total number
of shares in issue.

Shareholders are also advised that the Notre Dame University du Lac
(“Notre Dame”) has acquired a beneficial interest in ordinary shares
of the Company, such that their shareholding in the securities of the
Company amounts to 8.0% of the total number of shares in issue.

As announced on SENS on 3 March 2022, the disposal of shares forms
part of a distribution to underlying investors in Protea funds, so
that instead of the funds owning these shares indirectly through the
funds, the underlying investors will now own the shares directly, by
way of a distribution in kind of the shares.

Protea explained their rationale for the distribution as follows:

“The distribution will improve Finbond’s public shareholder spread
and the liquidity and tradability of Finbond’s shares on the JSE.”

Finbond hereby confirms that it has received the required notices from
Protea and Notre Dame in terms of section 122(3)(a) of the Act, and
that Finbond has filed the required notices with the Takeover
Regulation Panel.

Protea is an associate of Mr. Sean Riskowitz, a non-executive director
of Finbond. In compliance with paragraphs 3.63 to 3.74 (both
inclusive) of the JSE Listings Requirements, the information relating
to dealing in Finbond shares by a director of the Company is disclosed
as follows:

Name of company: Finbond Group Limited

Name of director: Mr. Sean Riskowitz (Non-Executive
Director)

Date of transaction: 24 February 2022

Number of securities: 72,854,957
Price: 99 cents per share

Total Transaction Value: R72,126,407.43

Class of securities: Ordinary shares

Nature of the transaction: Off Market Disposal by way of
unbundling to underlying fund
investors

Nature of interest: Indirect beneficial (through Protea)

Clearance obtained: Yes

6 April 2022
Pretoria

Sponsor
Grindrod Bank Limited

Date: 06-04-2022 05:30:00
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