Live Breaking News & Updates on Webuycars Group

Transaction Capital Motor Holdco Proprietary Limited (“TCMH”), a wholly-owned subsidiary of Transaction
Capital, has concluded a subscription agreement, a sale agreement and a warranty agreement (collectively
“transaction agreements”) to (i) subscribe for shares in WBC Holdings Proprietary Limited (“WBC Holdco”) and
acquire shares from certain of the existing shareholders in WBC Holdco (“subscription and sale transaction”);
and (ii) exchange the existing shares held by TCMH in We Buy Cars Proprietary Limited (“WeBuyCars”) for
newly issued shares in WBC Holdco (“exchange transaction”), such that following the implementation of the
transaction agreements, TCMH will hold 74.9% of the issued shares in WBC Holdco on a fully diluted basis (the ....

Hyde Park , South Africa , Republic Of South Africa , Nomonde Xulu , International Financial Reporting Standards , Holdings Proprietary Limited , Listings Requirements , Cliffe Dekker Hofmeyr Inc , Pallidus Capital Proprietary , Investec Bank , Webuycars Group , Transaction Capital Motor Holdco Proprietary Limited , Takeover Regulation Panel , Properties Proprietary Limited , Transaction Capital Limited Transcapital Investments , Republic Of South Africa Incorporated , We Buy Cars Proprietary Limited Webuycars , Holdings Proprietary , Firstrand Bank , Transaction Capital , Capital Motor Holdco Proprietary Limited , Proprietary Limited , Buy Cars Proprietary Limited , Companies Act , International Financial Reporting , Equity Markets Broker ,