BRIEF-Transaction Capital to pay shareholders 210 cents per share

JOHANNESBURG Mon Feb 17, 2014 3:13am EST

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JOHANNESBURG Feb 17 (Reuters) - Transaction Capital Ltd : * Board has approved a capital distribution to shareholders of 210 cents per share * Is well positioned to facilitate significant acquisitive activity and to fund organic growth * Capital distribution from proceeds of disposal of Paycorp, Bayport Financial Services, Zenthyme Investments * Says post the distribution, the group will retain sufficient funds

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