Pepkor Holdings: Ainsley Holdings Cuts Stake, Ibex Group Holds 30.171%

  • Ainsley Holdings reduced its stake in Pepkor from 42.038% to 28.271% on June 28, 2024.
  • The Ibex Group now holds an aggregate of 30.171% of Pepkor's issued shares.
  • Pepkor filed a required notice with the Takeover Regulation Panel, complying with section 122(3)(a) of the Companies Act.

Ainsley Holdings Proprietary Limited has reduced its stake in Pepkor Holdings Limited. The reduction took place on June 28, 2024. Ainsley Holdings is an indirect subsidiary of Ibex Topco B.V.

Impact on Shareholding Structure

Following the reduction, Ainsley Holdings’ beneficial interest in Pepkor’s issued ordinary share capital decreased from 42.038% to 28.271%. The Ibex Group, which includes Ainsley Holdings, now holds an aggregate of 30.171% of Pepkor’s issued shares.

Previous and Current Stake Breakdown

EntityPrevious Stake (%)Current Stake (%)
Ainsley Holdings42.03828.271
Ibex Group (Total)42.03830.171

Conclusion

The reduction in Ainsley Holdings’ stake in Pepkor is a significant development. The market will be watching closely for further updates from Pepkor and the Ibex Group.