» Acceptance of Shares in Terms of the Nepi Share Purchase Scheme (The Share Purchase Scheme)

Acceptance of Shares in Terms of the Nepi Share Purchase Scheme (The Share Purchase Scheme)

Posted on: 10 May 2011


Shareholders are advised of the following information relating to the acceptance of shares ("Scheme Shares") as offered to directors and officers in terms of the rules of the Share Purchase Scheme.

In terms of the rules of the Share Purchase Scheme, ownership in such shares vests in the beneficiaries stated below, but such shares have been pledged to the trustees of the trust created for purposes of administering the Share Purchase Scheme until the outstanding balance due in respect of Scheme Shares (including interest) is paid.

The pricing of the shares was based on the 30-day volume weighted average price immediately prior to 9 May 2011, the day on which the scheme shares were offered to the share purchase scheme participants.

Name of associateSlabbert Family Limited
Name of directorMartin Slabbert, who has an indirect beneficial interest in Slabbert Family Limited, the entity which entered into the transaction.
Transaction date9 May 2011
Class of securitiesOrdinary shares
Number of securities337,500
Price per securityEUR2.99
Total valueEUR1,009,125
Nature of transactionAcceptance of shares offered in terms of The NEPI Share Purchase Scheme.
Nature and extent of director's interestIndirect beneficial
Name of associateFocus CEE Investments Limited
Name of directorVictor Semionov, who is a shareholder of Focus CEE Investments Limited, the entity which entered into the transaction.
Transaction date9 May 2011
Class of securitiesOrdinary shares
Number of securities170,000
Price per securityEUR2.99
Total valueEUR508,300
Nature of transactionAcceptance of shares offered in terms of The NEPI Share Purchase Scheme.
Nature and extent of director's interestIndirect beneficial