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PREMIER GROUP LIMITED - Change in significant holding of Premier ordinary shares

Release Date: 27/11/2024 09:05
Code(s): PMR     PDF:  
Wrap Text
Change in significant holding of Premier ordinary shares

PREMIER GROUP LIMITED
(formerly Premier Group Proprietary Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2007/016008/06)
ISIN: ZAE000320321
Share Code: PMR
("Premier" or "Company")

CHANGE IN SIGNIFICANT HOLDING OF PREMIER ORDINARY SHARES

Shareholders are referred to the announcement released by the Company on the Stock Exchange News Service on 22
November 2024, pursuant to which Premier advised the market that Brait P.L.C ("Brait") had decreased its economic and
beneficial interest in the ordinary shares of the Company ("Brait Disposal").

As a result of the Brait Disposal and pursuant to the terms and conditions of a Cession of Voting Rights Agreement entered
into between Titan Premier Investments Proprietary Limited ("Titan Premier Investments") and Brait (as defined in the
Company's pre-listing statement dated 10 March 2023), the beneficial interest held by Titan Premier Investments, together with
other entities related to the Wiese family ("Titan"), in the ordinary shares of the Company, has similarly decreased.

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008 as amended ("the Companies Act"), regulation
121(2)(b) of the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders
are hereby advised that the Company has received formal notification that, as a result of the above, the beneficial interest held
by Titan in the ordinary shares of the Company has decreased to 44.5% of the total issued ordinary shares in the Company.
Titan's direct economic interest in Premier remains unaffected at 31.5%.

As required in terms of section 122(3)(a) of the Companies Act, the Company has filed the required notice with the Takeover
Regulation Panel.

The board of directors of Premier accepts responsibility for the information contained in this announcement as it relates to the
Company and confirms that, to the best of its knowledge and belief, such information relating to Premier is true and that this
announcement does not omit anything likely to affect the importance of such information.

Johannesburg
27 November 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 27-11-2024 09:05:00
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