LRs, similar to a fresh issue of shares for cash It constitute the “use” of treasury shares, as contemplated in paragraph 5.75 of the JSE
#KAP AND COMPANY FULL#
the transfer of the Treasury Shares is not regarded as a repurchase of shares asĬontemplated in section 48 of the Act and there has been full compliance with all aspects.the transfer of the Treasury Shares was a transfer between a wholly-owned subsidiary.Were transferred between KAP Corporate and the Company at a price of R4.90 per share 36 000 000 Treasury Shares (representing 1.40% of the current issued shares of KAP).The JSE agreed that the Treasury Shares may be transferred to the Company without the needįor any further shareholders’ approval since shareholders have already approved theĪccordingly, the Company hereby confirms that it has complied with the conditions laid downīy the JSE in response to the above-mentioned application and declares that: On 9 March 2021, upon an application by the Company to simplify its share capital structure, (Pty) Limited (“KAP Corporate”), a wholly-owned subsidiary of the Company and are definedĪs treasury shares (“Treasury Shares”) in terms of the JSE Limited (“JSE”) Listings These shares are held by KAP Corporate Services Shares of KAP) were acquired in the open market during the 2020 financial year through anĪpproved share repurchase programme. Than 20% of the Company’s issued ordinary shares (“KAP Shares”).įollowing directors’ resolutions passed by the Company on 20 August 2019 and 10 OctoberĢ019, respectively, 36 000 000 KAP Shares (representing 1.33% of the then total issued Shareholders approved a mandate for the Company and/or its subsidiaries to acquire not more TRANSFER OF SHARES BETWEEN THE COMPANY AND A WHOLLY-OWNED SUBSIDIARYĪt the KAP annual general meeting held on 13 November 2018 (“2018 AGM”), the Company’s (Incorporated in the Republic of South Africa) Kap & Company may also be known as or be related to Kap & Company.Wrap Text Transfer Of Shares Between The Company And A Wholly-Owned Subsidiary The data presented on this page does not represent the view of Kap & Company and its employees or that of Zippia. None of the information on this page has been provided or approved by Kap & Company. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets.
The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at Kap & Company. Zippia gives an in-depth look into the details of Kap & Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Kap & Company.
0 kommentar(er)
