
CA Sales Holdings (Botswana) issues an additional 11,028,559 shares to complete takeover of Logico
Shareholders are referred to the various announcements released on the BSE’s X-News and the Cape Town Stock Exchange News Service (prior to the Company’s migration to the JSE Main Board), advising that the Company had concluded an asset-for-share agreement with Lee Darran Taman and Anthony John Geldard (together the “Sellers”), in terms of which the Sellers will, between them, sell an aggregate of 20,000 ordinary shares held by them in the Company’s subsidiary, Logico Unlimited Proprietary Limited (“Logico”), comprising 20% of the issued shares in Logico (“Logico Shares”), to CA&S in two tranches of 10% each, the aggregate purchase consideration of which will be settled by the Company through the payment to the Sellers of a cash consideration and by issuing ordinary shares to the Sellers (“Transaction)”, such purchase consideration being capped at a maximum of ZAR 99 000 000.
Shareholders are advised that CA&S has now acquired the second tranche under the Transaction, with the result that Logico is now a wholly-owned subsidiary of the Company. The second tranche payment has been settled by CA&S issuing 11 028 559 ordinary shares in aggregate (“Consideration Shares”) to the Sellers, comprising approximately 2.39% of the total issued share capital in CA&S, before this issue of shares. The Company’s total issued ordinary shares following the issue of the Consideration Shares is 472 461 061.
28 September 2022
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Recent Documents & News
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Corporate announcement
CA Sales Holdings (Botswana) appoints Deloitte Touche Tohmatsu Limited as external auditor – November 15, 2022 -
Corporate announcement, Share adjustments
CA Sales Holdings (Botswana) – Listing of additional shares – October 12, 2022 -
Corporate announcement
CA Sales Holdings (Botswana) – Disclosure of change in beneficial interest in the securities of the company – October 3, 2022 -
Prospectus
CA Sales Holdings Limited (CAS.bw) 2022 Prospectus – September 23, 2022 -
Presentations
CA Sales Holdings Limited (CAS.bw) HY2022 Presentation – September 23, 2022