Intended unbundling of remaining shareholding in Textainer and JSE listing status
(Incorporated in the Republic of South Africa)
(Registration No 1955/002869/06)
Share Code: TRE
INTENDED UNBUNDLING OF REMAINING SHAREHOLDING IN TEXTAINER AND JSE LISTING STATUS
The Joint Report by the Chairman and Chief Executive Officer in Trencor’s 2019 Integrated Annual Report released on 30 April 2020 advised that Trencor would pursue one or more alternative ways of vesting in its shareholders the value of the retained 3 000 158 inward secondary JSE listed shares in Textainer Group Holdings Limited.
Shareholders are now advised that it is Trencor’s intention to distribute these retained shares as a dividend in specie to shareholders pro rata to their shareholdings registered on a record date to be announced. Details in this regard will be released on SENS in due course following such regulatory, board and other approvals as may be required.
In the 2019 Integrated Annual Report reference was made to a dispensation request to the JSE for Trencor to remain listed as a cash company for the period up to 31 December 2024, notwithstanding the standard six months limitation allowed by the JSE. Shareholders are advised that the JSE granted such dispensation on 8 May 2020.
Trencor Services Proprietary Limited
11 May 2020
Financial Advisor and Transaction Sponsor
Investec Bank Limited
Legal and Tax Advisor
Edward Nathan Sonnenbergs Inc.