Closing of disposal of Leased Assets Pool Company Limited (“LAPCO”)
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE ISIN: ZAE000007506
(“Trencor” or the“Company”)
CLOSING OF DISPOSAL OF LEASED ASSETS POOL COMPANY LIMITED (“LAPCO”)
Shareholders were advised on 2 December 2019 that a wholly-owned subsidiary of the Company, TAC Limited (as seller), had entered into a stock purchase agreement with Textainer Limited (as buyer) in relation to LAPCO. Textainer Limited is a wholly-owned subsidiary of Textainer Group Holdings Limited, which is a Bermudan corporation with a primary listing on the NYSE and a secondary listing on the JSE.
Shareholders are advised that the LAPCO disposal has been successfully completed and closed on 31 December 2019 at the full purchase consideration previously disclosed.
Trencor Services Proprietary Limited
2 January 2020
Financial Advisor and Transaction Sponsor
Investec Bank Limited
Legal and Tax Advisor
Edward Nathan Sonnenbergs Inc.