Keh - Keaton Energy Holdings Limited - Sale Of Shares By Moneybox Investments Release Date: 28/02/2011 09:42:50 Code(s): KEH
KEH - Keaton Energy Holdings Limited - Sale of shares by Moneybox Investments
156 (Proprietary) Limited
Keaton Energy Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
("Keaton Energy" or "the Company")
SALE OF SHARES BY MONEYBOX INVESTMENTS 156 (PROPRIETARY) LIMITED
On 25 February 2011, Moneybox Investments 156 (Proprietary) Limited
("Moneybox") sold 200 000 Keaton Energy shares on the open market, as follows:
197 000 shares at R3.99 per share;
567 shares at R3.95 per share; and
2 433 shares at R3.90 per share,
for a total consideration of R797 758.35.
Dr Robert Gumbi and Mr Mike Magagulu are non-executive directors of Labohlano
Trading 46 (Proprietary) Limited ("Labohlano"), a 74% held subsidiary of
Keaton Energy and are indirectly beneficially interested in Moneybox, which is
a 26% shareholder in Labohlano.
As a consequence, Labohlano remains fully compliant with the historically
disadvantaged person ("HDP") ownership requirements of the South African
Mineral and Petroleum Resources Development Act, No 28 of 2002, as amended
("MPRDA") and the Broad Based Socio-Economic Empowerment Charter for the South
African mining industry, as contemplated in Section 100(2) of the MPRDA.
This announcement is made in compliance with Section 3.63 of the JSE Listings
Requirements. Clearance to deal was received in terms of Section 3.66 of the
JSE Listings Requirements.
28 February 2011
Date: 28/02/2011 09:42:50 Supplied by www.sharenet.co.za
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