Capitec: Director's associate implements new hedging and financing transaction
Capitec Bank Holdings Limited (JSE:CPI) announced that Kalander Sekuriteit (Pty) Ltd ("Kalander"), an associate of director M S du P le Roux, has executed a new hedging and financing transaction. This move, detailed in an announcement released on the SENS on June 27, 2025, is designed to refinance payment obligations related to previously announced hedging and financing transactions from May and June 2022. The new transaction involves 672,220 ordinary shares, valued at ZAR2,393,277,977.20 based on the closing price on July 1, 2025, under a funded option transaction dated June 30, 2025. The put strike price is set at ZAR2,825.66, with a cap strike price of ZAR4,679.99 and a European option style expiring in approximately 1.37 years. The maximum financial obligation is ZAR1,899,462,476.32, secured by the 672,220 shares. PSG Capital is acting as the sponsor for Capitec.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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