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WE BUY CARS HOLDINGS LIMITED - WeBuyCars Shares received pursuant to Transaction Capital Limiteds Unbundling of WeBuyCars

Release Date: 19/04/2024 16:00
Code(s): WBC     PDF:  
Wrap Text
WeBuyCars Shares received pursuant to Transaction Capital Limited’s Unbundling of WeBuyCars

WE BUY CARS HOLDINGS LIMITED
(previously WBC Holdings Proprietary Limited)
Incorporated in the Republic of South Africa
Registration number 2020/632225/06
JSE Share code: WBC
ISIN: ZAE000332789
("WeBuyCars" or "the Company")


DEALINGS IN WEBUYCARS SECURITIES: WEBUYCARS SHARES RECEIVED PURSUANT TO
TRANSACTION CAPITAL LIMITED'S UNBUNDLING OF WEBUYCARS


In compliance with the JSE Limited ("JSE") Listings Requirements, the following information is disclosed:

Shareholders of WeBuyCars ("Shareholders") are referred to the announcement published on the Stock
Exchange News Service ("SENS") of the JSE, on 13 February 2024 by Transaction Capital Limited ("TC")
regarding, inter alia, the pro rata distribution in specie of TC's shareholding in WeBuyCars to TC shareholders
(the "Unbundling"). Certain directors of WeBuyCars and its major subsidiaries hold TC shares and,
accordingly, upon implementation of the Unbundling on 16 April 2024, received shares in WeBuyCars ("WBC
Shares") in the same ratio and on the same basis applicable to all TC shareholders. Applicable details
regarding the directors in question and the WBC Shares unbundled to them, appear below.


NAME OF DIRECTOR                                 ASS van der Walt

COMPANY OF WHICH A DIRECTOR                      We Buy Cars Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive director

TYPE AND CLASS OF SECURITIES                     Ordinary shares

DATE OF TRANSACTION                              16 April 2024

PRICE PER SECURITY (CENTS)                       R20.17*

NUMBER OF SECURITIES                             215,674

TOTAL RAND VALUE OF SECURITIES                   R4,350,144.58

NAME OF ASSOCIATE                                I Faan Proprietary Limited

RELATIONSHIP WITH DIRECTOR                       Director and shareholder of associate

NATURE OF TRANSACTION                            Off market receipt of WBC Shares
                                                 pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                 Indirect beneficial
THE TRANSACTION

CLEARANCE OBTAINED                               Not applicable



NAME OF DIRECTOR                                 J Mills

COMPANY OF WHICH A DIRECTOR                      We Buy Cars Proprietary Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Executive director of major subsidiary

TYPE AND CLASS OF SECURITIES                     Ordinary shares

DATE OF TRANSACTION                              16 April 2024

PRICE PER SECURITY (CENTS)                       R20.17*

NUMBER OF SECURITIES                             8,823

TOTAL RAND VALUE OF SECURITIES                   R177,959.91

NAME OF ASSOCIATE                                I John Proprietary Limited

RELATIONSHIP WITH DIRECTOR                       Director and shareholder of associate

NATURE OF TRANSACTION                            Off market receipt of WBC Shares
                                                 pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                 Indirect beneficial
THE TRANSACTION

CLEARANCE OBTAINED                               Not applicable



NAME OF DIRECTOR                                 WT Roos

COMPANY OF WHICH A DIRECTOR                      We Buy Cars Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Independent non-executive director

TYPE AND CLASS OF SECURITIES                     Ordinary shares

DATE OF TRANSACTION                              16 April 2024

PRICE PER SECURITY (CENTS)                       R20.17*

NUMBER OF SECURITIES                             33,331

TOTAL RAND VALUE OF SECURITIES                   R672,286.27

NAME OF ASSOCIATE                                Not applicable

RELATIONSHIP WITH DIRECTOR                       Not applicable

NATURE OF TRANSACTION                            Off market receipt of WBC Shares
                                                 pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                 Direct beneficial
THE TRANSACTION

CLEARANCE OBTAINED                               Not applicable



NAME OF DIRECTOR                                 MP Mendelowitz

COMPANY OF WHICH A DIRECTOR                      We Buy Cars Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Independent non-executive director

TYPE AND CLASS OF SECURITIES                     Ordinary shares

DATE OF TRANSACTION                              16 April 2024

PRICE PER SECURITY (CENTS)                       R20.17*

NUMBER OF SECURITIES                             12,199,786

TOTAL RAND VALUE OF SECURITIES                   R246,069,683.62

NAME OF ASSOCIATE                                Upperway Investments Proprietary Limited
                                                 and Neuhiem Holdings Limited

RELATIONSHIP WITH DIRECTOR                       Discretionary contingent beneficiary

NATURE OF TRANSACTION                            Off market receipt of WBC Shares
                                                 pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                 Indirect beneficial
THE TRANSACTION

CLEARANCE OBTAINED                               Not applicable



NAME OF DIRECTOR                                 KB Amoils

COMPANY OF WHICH A DIRECTOR                      We Buy Cars Holdings Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                  Alternate director to MP Mendelowitz

TYPE AND CLASS OF SECURITIES                     Ordinary shares

DATE OF TRANSACTION                              16 April 2024

PRICE PER SECURITY (CENTS)                       R20.17*

NUMBER OF SECURITIES                             3,438,036

TOTAL RAND VALUE OF SECURITIES                   R69,345,186.12

NAME OF ASSOCIATE                                Not applicable

RELATIONSHIP WITH DIRECTOR                       Not Applicable

NATURE OF TRANSACTION                            Off market receipt of WBC Shares
                                                 pursuant to the Unbundling

NATURE AND EXTENT OF INTEREST IN                 Direct beneficial
THE TRANSACTION

CLEARANCE OBTAINED                               Not applicable



*The closing price of WBC Shares on 16 April 2024.

Centurion
19 April 2024


Joint Sponsors to WeBuyCars

PSG Capital              Pallidus Exchange Services

Date: 19-04-2024 04:00:00
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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,
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