CA Sales Holdings Limited (CA&S) has recently announced the receipt of a formal notification regarding the acquisition and disposal of securities. The notification was received from Ninety One SA Proprietary Limited (Ninety One), a prominent investment management firm acting on behalf of its clients.
According to the disclosure made by CA&S in compliance with section 122(3)(b) of the Companies Act and paragraph 3.83(b) of the JSE Limited Listings Requirements, Ninety One acquired a beneficial interest in CA&S securities on 3 May 2022. The acquisition resulted in a total beneficial interest of 5.0780% of the company’s total issued ordinary share capital. However, due to a third-party data sourcing-related problem, the formal notification was delayed and only received by CA&S on 5 July 2023.
CA&S has further revealed that Ninety One, again on behalf of its clients, has disposed of a beneficial interest in the company’s securities. The disposal has led to a revised total of 4.9661% of CA&S’s total issued ordinary share capital being held by Ninety One’s clients.
To comply with the requirements of section 122(3)(a) of the Companies Act, CA&S has filed the necessary notices with the Takeover Regulation Panel. The company’s board takes full responsibility for the accuracy of the information contained in this announcement. They have confirmed that the information provided accurately reflects the details contained in the TRP 121.1 forms received from Ninety One. Moreover, CA&S assures shareholders that this announcement does not omit any crucial information that could affect its significance.
CA Sales Holdings Limited, with the JSE share code CAA and the BSE share code CAS-EQO, is a well-established company listed on both the Johannesburg Stock Exchange (JSE) and the Botswana Stock Exchange (BSE). The International Securities Identification Number (ISIN) assigned to CA&S securities is ZAE400000036.