Update Announcement - Dealing In Securities By An Associate Of A Director
Update Announcement - Dealing In Securities By An Associate Of A Director Purple Group Limited (Incorporated in the Republic of South Africa) (Registration number 1998/013637/06) Share code: PPE ISIN: ZAE000185526 (“Purple Group”) UPDATE ANNOUNCEMENT - DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR Shareholders are referred to the announcement released on SENS on 1 June 2021. The sale of shares and option agreement between Business Venture Investments No 1847 Proprietary Limited (BVI or the Seller), an associate of, and an entity in which Mark Barnes holds 50% of the issued share capital, and Firefly Newco 1411 Proprietary Limited (Firefly or the Purchaser) (the Agreement) has become unconditional. In terms of the Agreement, the Purchaser will acquire 45 454 546 Purple Group shares (representing 4.49% of the shares in issue (excluding treasury shares)) from BVI at a price of 110 cents per share (Sale Shares). In addition to the Sale Shares, the Purchaser has exercised its call option to acquire 134 545 316 (13.30% of shares in issue (excluding treasury shares)) Purple Group shares at a price of 110 cents per share from BVI. In terms of the Agreement, BVI had the option to procure that a third party (Third-Party Seller) provide some of the shares under the call option. In this regard, BVI procured a Third-Party Seller to provide 30 000 000 Purple Group shares; hence BVI will only be selling 104 545 316 (10.33% of shares in issue (excluding treasury shares)) shares to the Purchaser in respect of the Call Option (Call Option Shares) and the Third-Party seller will sell 30 000 000 shares to the Purchaser at 110 cents per share. In compliance with paragraphs 3.63 - 3.74 of the Listings Requirements of the JSE Limited, the following information is disclosed: Company: BVI Name of director: Mark Barnes Relationship with associate: Mark Barnes is director and 50% shareholder in BVI Date of agreement: 28 May 2021 Nature of transaction: off-market sale of shares Number of securities: 149 999 862 Class of securities: ordinary shares Price per share: 110 cents per share Total Value: R164 999 848 Nature of interest: indirect beneficial The sale transaction detailed above will be concluded in accordance with the Agreement. Responsibility Statement The Board accepts responsibility for the information contained in this announcement. To the best of the Board’s 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. Johannesburg 25 June 2021 Company Secretary: 4 Africa Exchange Registry Proprietary Limited Sponsor: Deloitte & Touche Sponsor Services Proprietary Limited Date: 25-06-2021 02:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.