NEWS & MEDIA > NOTICE OF A DISPOSAL OF A BENEFICIAL INTEREST IN HOLDSPORT SECURITIES
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
NOTICE OF A DISPOSAL OF A BENEFICIAL INTEREST IN HOLDSPORT SECURITIES
In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended and paragraph 3.83(b) of the JSE Limited Listings Requirements, Holdsport shareholders are advised that the Company has received notification on 4 April 2012, that Ethos Private Equity Fund V (“Ethos”), acting through Ethos Capital V (GP) Jersey Limited, Ethos Capital V (GP) (SA) Proprietary Ltd and the Ethos Fund V Co-Investment Trust, have collectively disposed of all of their 5,345,260 ordinary shares in Holdsport (“the Disposal”). Following the Disposal, Ethos’ beneficial interest in the Company reduced from 12.4% to nil.
Ethos sold the shares through an accelerated bookbuild process implemented by UBS with the shares being placed with a number of South African and international institutional investors.