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Section 122 Notice: Acquisition and Disposal of Shares
South Ocean Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2007/002381/06)
Share code: SOH
ISIN: ZAE000092748
("South Ocean" or "the Company")
SECTION 122 NOTICE: ACQUISITION AND DISPOSAL OF SHARES
In accordance with Section 3.83(b) of the JSE Listings Requirements, South Ocean
hereby confirms that the Company received a notice in terms of Section 122 of the
Companies Act, No. 71 of 2008.
SAF Metal Holdings LLC ("SAF Metal") (a subsidiary of SOLV Holdings LLC, a US
limited liability company, which acts as an industrial investment company) informed
South Ocean that it acquired a beneficial interest in the Company, such that the
total beneficial interest in the securities held by SAF Metal is now 20.19% of the total
issued ordinary share capital of the Company, up from 0%.
Similarly, Metallic City International Limited reduced its shareholding from 20.19% to
0% through its off-market sale of shares to SAF Metal.
As required in terms of Section 122 (3)(a) of the Companies Act, South Ocean is in
the process of filing the required notices 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 the 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.
Johannesburg
5 February 2025
Sponsor
Acaciacap Advisors Proprietary Limited
Date: 05-02-2025 10:40:00
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