Trencor

Vesting and distribution to Trencor of the shares in Halco Holdings

TRENCOR LIMITED

(Incorporated in the Republic of South Africa)

(Registration No 1955/002869/06)

Share Code: TRE

ISIN: ZAE000007506

(“Trencor”)

VESTING AND DISTRIBUTION TO TRENCOR OF THE SHARES IN HALCO HOLDINGS

Further to previous notifications issued by Trencor, shareholders are advised that, on 20 February 2018, Trencor, as a nominated discretionary beneficiary of the Halco Trust, received a vesting and distribution from the Halco Trust (“Trust”) of the entire issued share capital of Halco Holdings Inc. (“Halco”). Halco is the holder of 48% of the shares in Textainer Group Holdings Limited (NYSE: TGH) (“Textainer”) and 100% of the shares in unlisted TAC Limited (“TAC”).

Before the vesting and distribution were effected, as is customary in the Trust’s jurisdiction Trencor had to provide an indemnity to inter alia the trustee of the Trust (“Trustee”). The indemnity terminates on 31 December 2024. The maximum exposure is limited to the value of the assets distributed which in substance leaves the Trustee in the same position as it enjoyed under the Deed of Settlement of the Trust.

In relation to possible further steps in the simplification of Trencor’s interests, including the unbundling of the Textainer and TAC shares held by Halco to Trencor, each one of the parties involved continues independently to seek professional advice in exploring its own position, including applicable local regulatory and legal considerations, and shareholders will be advised of further developments as appropriate.

Trencor Services  Proprietary Limited
Secretaries

22 February 2018

Transactional Sponsor
Investec Bank Limited

Home News 2018 News Vesting and distribution to Trencor of the shares in Halco Holdings

About Trencor

TRENCOR LIMITED is an investment holding company listed on the JSE. Trencor benefits from operations that focus on owning, leasing, managing and trading marine cargo containers worldwide.

Legal Notice

The use of this site and all the information on it and on any links is subject to a full disclaimer and exclusion of liability for any negligence, misrepresentation, misstatement or otherwise of Trencor Limited in relation thereto. Copyright © , Trencor. All Rights Reserved.