March 7, 2018 / 3:13 PM / in 5 months

BRIEF-Everglen Capital To Sell $100 Mln Of Transaction Capital Shares Via Accelerated Bookbuild

March 7 (Reuters) - Transaction Capital Ltd:

* TRANSACTION CAPITAL LTD - EVERGLEN CAPITAL PROPRIETARY LIMITED INTENDS TO DISPOSE OF A PORTION OF ITS SHAREHOLDING IN COMPANY

* TRANSACTION CAPITAL LTD - EVERGLEN WILL SELL APPROXIMATELY USD100 MILLION OF TRANSACTION CAPITAL SHARES VIA AN ACCELERATED BOOKBUILD OFFERING

* TRANSACTION CAPITAL LTD - EVERGLEN WILL STILL REMAIN LARGEST SHAREHOLDER OF COMPANY, AND ITS SHAREHOLDER OF REFERENCE

* TRANSACTION CAPITAL LTD - POST THIS DISPOSAL, COMPANY’S FREE FLOAT WILL BE SIGNIFICANTLY INCREASED, REMOVING CURRENT LIQUIDITY CONSTRAINTS

* TRANSACTION CAPITAL LTD - BOOKBUILD WILL OPEN FOLLOWING MARKET CLOSE AT 17H00 (SOUTH AFRICAN TIME) ON WEDNESDAY, 7 MARCH 2018

* TRANSACTION CAPITAL LTD - GOLDMAN SACHS INTERNATIONAL IS ACTING AS SOLE BOOKRUNNER AND JOINT LEAD MANAGER

* TRANSACTION CAPITAL LTD - MACQUARIE CAPITAL SOUTH AFRICA PROPRIETARY LIMITED IS ACTING AS JOINT LEAD MANAGER IN RELATION TO BOOKBUILD Source text for Eikon: Further company coverage:

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