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RBH to invest R500m in Transaction Capital, acquire further 12 4 million shares

RBH to invest R500m in Transaction Capital, acquire further 12.4 million shares Transaction Capital SENS statement:  Royal Bafokeng Holdings (RBH) was introduced as a strategic shareholder in Transaction Capital during November 2020 (as reported in the FY20 results announcement). `We are pleased to announce RBH’s intention to invest R500 million into the group as a long-term strategic shareholder. 12 million Transaction Capital shares, representing approximately 1.8%, were acquired via a secondary purchase in the market on 20 November 2020. RBH is expected to increase its stake by subscribing for a further 12.4 million shares in January 2021, subject to shareholder approval. A circular to shareholders and notice of general meeting in this regard will be distributed in due course.`

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