KEH - Keaton Energy Holdings Limited - Sale of shares by Rutendo Holdings Release Date: 02/03/2011 17:00:03 Code(s): KEH
KEH - Keaton Energy Holdings Limited - Sale of shares by Rutendo Holdings
KEATON ENERGY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2006/011090/06)
JSE share code: KEH ISIN: ZAE000117420
Sale of shares by Rutendo Holdings (Pty) Ltd
On 01 March 2011 Rutendo Holdings (Pty) Ltd ("Rutendo Holdings") sold
1 300 000 Keaton Energy shares, in an off-market transaction, at R4.50 per
share for a total consideration of R5 850 000.
Antoinette Sedibe, a non-executive director of Keaton Energy, and Amanda
Glad, an executive director of Keaton Energy, are indirectly beneficially
interested in 100% of Rutendo Holdings.
Rutendo Mining (Pty) Ltd, in which Antoinette Sedibe and Amanda Glad also
have a 100% indirect beneficial interest, remains a 26% shareholder in Keaton
Mining (Pty) Ltd ("Keaton Mining"). As a consequence, Keaton Mining 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.
02 March 2011
Sponsor: Nedbank Capital
Date: 02/03/2011 17:00:03 Supplied by www.sharenet.co.za
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