TORRE INDUSTRIES LIMITED - Share dealings by directors and associates of directors and an associate of a director of a major subsidiary

Share dealings by directors and associates of directors and an associate of a director of a major subsidiary

TORRE INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2012/144604/06)
Share code: TOR     ISIN: ZAE000188629
(“Torre” or “the Company”)


SHARE DEALINGS BY DIRECTORS AND ASSOCIATES OF DIRECTORS AND AN
ASSOCIATE OF A DIRECTOR OF A MAJOR SUBSIDIARY


In compliance with paragraphs 3.63 to 3.74 of the JSE Listings
Requirements, the following information is disclosed for those
directors and associates who received Torre shares in respect
of their shareholdings in the Company under the terms of the
Scrip Distribution, the results of which were announced on
18 April 2016:

Company                         :   Torre Industries Limited
Name of director                :   Christopher S Seabrooke
Name of associate               :   Sabvest Investments (Pty)
                                    Ltd, a subsidiary of
                                    Sabvest Limited controlled
                                    by The Seabrooke Family
                                    Trust
Designation of director         :   Independent Non-executive
                                    Director and Chairman of
                                    Torre Industries Limited
Type and class of securities    :   Ordinary shares
Nature Of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Held by associate
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   482 783
Rand value of shares            :   R 1 424 210
Permission to deal obtained     :   Yes


Company                         :   Torre Industries Limited
Name of director                :   Christopher S Seabrooke
Name of associate               :   Sabvest Finance and
                                    Guarantee Corporation
                                    (Pty) Ltd, a subsidiary of
                                    Sabvest Limited controlled
                                    by The Seabrooke Family
                                    Trust
Designation of director         :   Independent Non-executive
                                    Director and Chairman of
                                    Torre Industries Limited
Type and class of securities    :   Ordinary shares
Nature of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Held by associate
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   313 577
Rand value of shares            :   R 925 052
Permission to deal obtained     :   Yes


Company                         :   Torre Industries Limited
Name of director                :   Moses M Ngoasheng
Name of associate               :   Modidima Ventures (Pty)
                                    Ltd
Designation of director         :   Independent Non-executive
                                    Director of Torre
                                    Industries Limited
Type and class of securities    :   Ordinary shares
Nature of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Indirect, beneficial
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   5 220
Rand value of shares            :   R 15 399
Permission to deal obtained     :   Yes


Company                         :   Torre Industries Limited
Name of director                :   Peter J van Zyl
Designation of director         :   Independent Non-executive
                                    Director of Torre
                                    Industries Limited
Type and class of securities    :   Ordinary shares
Nature of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Direct, beneficial
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   1 240
Rand value of shares            :   R 3 658
Permission to deal obtained     :   Yes


Company                         :   Torre Industries Limited
Name of director                :   Charles E Pettit
Designation of director         :   Chief Executive Officer of
                                    Torre Industries Limited
Type and class of securities    :   Ordinary shares
Nature of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Direct, beneficial
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   14 192
Rand value of shares            :   R 41 866
Permission to deal obtained     :   Yes


Company                         :   Torre Industries Limited
Name of director                :   Stephen R Midlane
Designation of director         :   Chief Financial Officer of
                                    Torre Industries Limited
Type and class of securities    :   Ordinary shares
Nature of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Direct, beneficial
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   653
Rand value of shares            :   R 1 926
Permission to deal obtained     :   Yes


Company                         :   Torre Industries Limited
Name of director                :   Francois K Lombard
Name of associate                   Die Lombard Familie Trust
Designation of director         :   Financial Director of
                                    Torre Parts and Components
                                    (Pty) Ltd
Type and class of securities    :   Ordinary shares
Nature of transaction           :   Off market receipt of
                                    shares from Torre by way
                                    of a Scrip Distribution
Nature and extent of            :   Indirect, beneficial
director’s interest in the
transaction
Date of transaction             :   15 April 2016
Deemed price per share          :   R 2.95
Number of shares received       :   1 175
Rand value of shares            :   R 3 466
Permission to deal obtained     :   Yes


Johannesburg
19 April 2016

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 19/04/2016 09:00:00 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.