» Rights Offer - Dealing in Securities

Rights Offer - Dealing in Securities

Posted on: 22 December 2010


Shareholders are advised that the following directors and their associates have exercised their rights and purchased the number of ordinary shares indicated against their names below, in terms of the rights offer:

Name of directorDesmond de Beer, who is a trustee and beneficiary of The Suni Trust, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityR26.00
Number of securities595 772 Rights offer shares
Total valueR15 490 072
Transaction date22 December 2010
Price per securityR26.00
Number of securities80 855 Excess rights offer shares
Total valueR2 102 230
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of directorDesmond de Beer, who has a 50% interest in Optimprops 3 (Proprietary) Limited, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityR26.00
Number of securities178 921 Rights offer shares
Total valueR4 651 946
Transaction date22 December 2010
Price per securityR26.00
Number of securities13 579 Excess rights offer shares
Total valueR353 054
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of associateRoss Peter de Beer
Relationship to and name of directorSon of Desmond de Beer
Transaction date20 December 2010
Price per securityR26.00
Number of securities24
Total valueR624
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of associateCraig Matthew de Beer
Relationship to and name of directorSon of Desmond de Beer
Transaction date20 December 2010
Price per securityR26.00
Number of securities24
Total valueR624
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of associateEmily Kim de Beer
Relationship to and name of directorDaughter of Desmond de Beer
Transaction date20 December 2010
Price per securityR26.00
Number of securities24
Total valueR624
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of directorJeffrey Nathan Zidel, who is a 100% shareholder of Maxtrade Seven (Proprietary) Limited, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityR26.00
Number of securities177 582
Total valueR4 617 132
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of directorJeffrey Nathan Zidel
Transaction date20 December 2010
Price per securityR26.00
Number of securities30 000
Total valueR780 000
Nature of transactionOn market on the JSE
Nature and extent of director's interestDirect beneficial
Name of directorMartin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityR26.00
Number of securities59 091
Total valueR1 536 366.00
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of directorMartin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityEUR 2.67
Number of securities178 067
Total valueEUR 475 438.89
Nature of transactionOn market on the AIM market of the LSE
Nature and extent of director's interestIndirect beneficial
Name of associateMrs Madelein Slabbert
Name of directorMartin Slabbert
Transaction date20 December 2010
Price per securityR26.00
Number of securities47 833
Total valueR1 243 658.00
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of directorVictor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityR26.00
Number of securities15 950
Total valueR414 700.00
Nature of transactionOn market on the JSE
Nature and extent of director's interestIndirect beneficial
Name of directorVictor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction
Transaction date20 December 2010
Price per securityEUR 2.67
Number of securities7 500
Total valueEUR 20 025.00
Nature of transactionOn market on the AIM market of the LSE
Nature and extent of director's interestIndirect beneficial

Following the purchases outlined above:

Through his interest in The Suni Trust, Mr de Beer has a beneficial interest in 2 723 627 ordinary shares in the company ("Ordinary Shares"), representing 3.54% of the Company's enlarged issued share capital ("Share Capital"). Mr de Beer also has an interest in Ordinary Shares through his 50% interest in Optimprops 3 (Proprietary) Limited, which holds 1 862 500 Ordinary Shares, representing 2.42% of the Share Capital. Mr de Beer also directly and indirectly holds 5.87% of Resilient Property Income Fund Limited ("Resilient") and 0.90% of Capital Property Fund ("Capital"). In addition, through his associates, Mr de Beer has an interest of 372 Ordinary Shares representing 0.0005% of the Share Capital.

Mr Zidel has an indirect interest in 910 802 Ordinary Shares held by Maxtrade Seven (Pty) Limited, representing 1.18% of the Share Capital. Mr Zidel also directly and indirectly holds 2.65% of Resilient and 0.04% of Capital. Mr Zidel also directly has an interest of 30 000 Ordinary Shares, representing 0.04% of the Share Capital.

Resilient has a 19.08% unitholding in Capital, which is directly interested in 3 450 000 Ordinary Shares, representing 4.48% of the Share Capital. Resilient is also interested in 16 830 000 Ordinary Shares, representing 21.88% of the Share Capital, through its ownership of Diversified Properties 2 (Proprietary) Limited.

Mr Slabbert's indirect beneficial interest in the equity of the Company is 4 579 029 Ordinary Shares, representing 5.95% of the Share Capital.

Mr Semionov's indirect beneficial interest in the equity of the Company is 963 656 Ordinary Shares, representing 1.25% of the Share Capital.

The Company would like to clarify that the total issued share capital of the Company has increased to 76 933 734 Ordinary Shares and not 76 993 734 Ordinary Shares as was indicated in the Company's 'RESULTS OF THE RIGHTS OFFER' announcement released on 20 December 2010.