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VISUAL:  3   0 (0.00%)  20/12/2024 19:14

VISUAL INTERNATIONAL HOLDINGS LIMITED - Change in Director's & Associates of Directors' Interest in Securities & Section 122 Announcement

Release Date: 20/12/2024 12:17
Code(s): VIS     PDF:  
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Change in Director's & Associates of Directors' Interest in Securities & Section 122 Announcement

VISUAL INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/030975/06)
ISIN Code : ZAE000187407 Share code : VIS
("Visual" or "the Company")



CHANGE IN DIRECTORS AND ASSOCIATES OF DIRECTORS INTEREST IN SECURITIES AND SECTION 122
ANNOUNCEMENT


In compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the Johannesburg Stock
Exchange (JSE), shareholders are advised that the following directors or their associates as detailed
below have been issued ordinary shares at an issue price of 4 (four) cents per share following the
approval of the specific issue of shares for cash at the general meeting held on 11 December 2024.
Shareholders are advised that the shares have been subsequently been issued and listed by the JSE.

ISSUE OF SHARES
The following applies to both tables below:
- Approval was received on 13 December 2024;
- Nature of transaction is an issue of shares, which is off-market in nature.
- Shares have been issued in Visual.
- Shareholder approval was received for the Specific Issue of Shares for cash therefore no
  clearance needed to be obtained.

 Name of director                 Number of     Extent of Interest         Value of     Nature of interest
                                 securities                             transaction

 R Kadalie                       29 980 625                 3,05%      1 199 225,00     Direct Beneficial
 LT Matlholwa                    21 630 000                 2,20%        865 200,00     Direct Beneficial


 Name of associate                Number of             Extent of          Value of    Nature of interest
 (director)                      securities              Interest       transaction

 CKR Investment Trust           305 961 625                31,09%     12 238 465,00   Indirect Beneficial
 (CK Robertson)

 My Place Trust                  62 384 350                 6,34%      2 495 374,00   Indirect Beneficial
 (CK Robertson)
 
 Transflora Properties           73 998 875                 7,52%      2 959 955,00   Indirect Beneficial
 (Pty) Ltd (CK Robertson)

 Diepwater Trust –               16 860 888                 1,71%        674 435,52   Indirect Beneficial
 shares(CK Robertson)

 Khoisan Investment              33 009 375                 3,35%      1 320 375,00   Indirect Beneficial
 Holdings Proprietary
 Limited (Dr RR Richards)

 uJobs (Pty) Ltd                 23 125 000                 2,35%        925 000,00   Indirect Beneficial
 (LT Matlholwa)

SECTION 122 ANNOUNCEMENT
In accordance with Section 3.83(b) of the Listings Requirements of the JSE Limited, following the issue
of the above shares, certain shareholders have increased as follows:

 Name of director or associate           Shareholding before issue of       Shareholding after issue of
 of director                                                   shares                            shares

 CKR Investment Trust                                          19.79%                            39.34%

 My Place Trust                                                     -                             6.34%

 Transflora Properties (Pty) Ltd                                    -                             7.52%

CKR Investment Trust and RAL Trust, both associates of CK Robertson, represented the existing
controlling shareholder of Visual as detailed in the Specific Issue of Shares for Cash circular.

As required in terms of Section 122(3)(a) of the Companies Act, Visual will file the required section
121 declarations with the Takeover Regulation Panel.

RESPONSIBILITY STATEMENT
The Board accepts responsibility for the information contained in this announcement to the extent
that it relates to Company. To the best of their 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.

By order of the Board
Johannesburg
20 December 2024

Designated Advisor
AcaciaCap Advisors Proprietary Limited

Date: 20-12-2024 12:17:00
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