4SIGHT HOLDINGS LIMITED - Transfer of 4Sights listing from the Alternative Exchange to the General Segment of the Main Board of the JSE

Transfer of 4Sight’s listing from the Alternative Exchange to the General Segment of the Main Board of the JSE

4SIGHT HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2022/852017/06)
JSE share code: 4SI ISIN: ZAE000324059
("4Sight" or "the Company")


TRANSFER OF 4SIGHT'S LISTING FROM THE ALTERNATIVE EXCHANGE TO THE GENERAL SEGMENT OF THE MAIN BOARD OF THE JSE


The board of directors of 4Sight is pleased to announce that the JSE Limited ("JSE") has approved the transfer of the
Company's listing from the JSE Alternative Exchange to the General Segment of the JSE Main Board with effect from
Wednesday, 29 January 2025. Consequently, 4Sight will now be classified as being a primary issuer listed on the
General Segment of the JSE Main Board from that date.

In terms of paragraph 4.62 of the JSE Listings Requirements, classification in the General Segment will allow the
Company to apply the following:

-     An automatic annual rolling general authority to issue shares for cash without shareholders' approval,
      representing up to 10% of the issuer's issued share capital;

-     Shareholders' approval is not required for a general repurchase authority;

-     Shareholders' approval is not required for a specific repurchase authority, subject to it not involving related parties
      and not exceeding 20% of the Company's issued share capital in any one financial year;

-     Fairness opinions are not required for related party corporate actions and transactions, with more focus being
      placed on governance arrangements and transparency and the exclusion from voting for related parties and
      associates;

-     Issuers are only required to prepare annual reports within four months, with no obligation to release results
      announcements within three months of the issuer's financial year end;

-     The preparation of pro forma financial information is not required for transaction/corporate actions, but rather the
      inclusion of a detailed narrative on the impact of the transaction/corporate action on the financial statements;

-     The category 1 percentage ratio is 50% or more, which increases the category 2 threshold accordingly;

-     Shareholders' approval and a circular is not required for transactions by a subsidiary that is listed on the JSE;

-     The subject of a category 1 transaction requires two years audited historical financial information;

-     The small-related party transaction percentage ratio is 3% and less than or equal to 10%;

-     A material shareholder for related party classification purposes is 20%; and

-     A pre-listing statement is triggered for share issuances exceeding 100% over a three-month period.

The provisions above have the specified different application under the General Segment only and the remainder of the
provisions of the JSE Listings Requirements will apply to the Company.

All current authorities as approved by shareholders at the Company's 2024 annual general meeting will remain in force
until the next annual general meeting.

17 January 2025

Designated advisor
Java Capital

Date: 17-01-2025 10:00:00
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