Go Back Email this Link to a friend


Wsl - Wescoal Holdings Limited - Restructuring Of Bee Shareholding In Wescoal

Release Date: 22/07/2009 09:50:01      Code(s): WSL
WSL - Wescoal Holdings Limited - Restructuring of BEE shareholding in Wescoal   
WESCOAL HOLDINGS LIMITED                                                        
(Incorporated in the Republic of South Africa)                                  
(Registration number 2005/006913/06)                                            
JSE Share code: WSL   ISIN: ZAE000069639                                        
("Wescoal" or "the Company")                                                    
RESTRUCTURING OF BEE SHAREHOLDING IN WESCOAL                                    
Waterberg Portion Property (Pty) Limited ("WPP"), a BEE company which holds a   
31.36% shareholding in Wescoal has restructured its shareholding in Wescoal     
through the transfer of 1 000 000 Wescoal shares at 78 cents per share to Mr R  
Ramaite, a shareholder of WPP and director of Wescoal and 2 000 000 Wescoal     
shares at 78 cents per share to another shareholder of WPP, Mr E Mzimela.       
In terms of paragraph 3.63 to 3.65 of the JSE Limited Listings Requirements, the
following information relating to the transfer of ordinary shares is disclosed  
as follows:                                                                     
Company:                 Wescoal Holdings Limited                               
Director:                Mr R Ramaite, Mr M Sikhosana                           
Nature of association    Shareholders in Waterberg Portion Property (Pty)       
                        Limited                                                 
Date of transaction:     21 July 2009                                           
Number of shares:        3 000 000                                              
Price of shares:         78 cents                                               
Total value:             R2 340 000                                             
Class of shares:         Ordinary shares                                        
Nature of transaction:   Sale                                                   
Nature of interest:      Indirect beneficial                                    
Clearance:               Yes                                                    
Company:                 Wescoal Holdings Limited                               
Director:                Mr R Ramaite                                           
Date of transaction:     21 July 2009                                           
Number of shares:        1 000 000                                              
Price of shares:         78 cents                                               
Total value:             R780 000                                               
Class of shares:         Ordinary shares                                        
Nature of transaction:   Purchase                                               
Nature of interest:      Direct beneficial                                      
Clearance:               Yes                                                    
22 July 2009                                                                    
Johannesburg                                                                    
Designated Adviser                                                              
Exchange Sponsors                                                               
Date: 22/07/2009 09:50:01 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             .                  
The SENS service is an information dissemination service administered by the    
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or            
implicitly, represent, warrant or in any way guarantee the truth, accuracy or   
completeness of the information published on SENS. The JSE, their officers,     
employees and agents accept no liability for (or in respect of) any direct,     
indirect, incidental or consequential loss or damage of any kind or nature,     
howsoever arising, from the use of SENS or the use of, or reliance on,          
information disseminated through SENS.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.