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

Release Date: 22/01/2025 11:55
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 Cession of Voting Rights Agreement entered into between Titan Premier Investments
Proprietary Limited ("Titan Premier Investments") and Brait P.L.C. ("Brait") (as defined in the Company's pre-listing statement
dated 10 March 2023), as well as the recent announcements on the Stock Exchange News Service made by Brait. The
beneficial interest held by Titan Premier Investments, together with other entities related to the Wiese family ("Titan"), in the
ordinary shares of Brait and in the Exchangeable Bonds issued by Brait's subsidiary has increased and accordingly the
beneficial interest held by Titan in the ordinary shares of Premier has increased.

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 increased to 45.04% of the total issued ordinary shares in the Company.
Titan's direct economic interest in Premier remains unaffected at 31.48%.

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
22 January 2025

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

Date: 22-01-2025 11:55:00
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