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OneLogix - Directors Dealings In Securities

Release Date: 10/04/2006 13:29
Code(s): OLG
Wrap Text

OneLogix - Directors Dealings In Securities Onelogix Group Limited (Registration number 1998/004519/06) Share code: OLG ISIN: ZAE000026399 ("OneLogix" or "the Company") DIRECTORS DEALINGS IN SECURITIES In compliance with section 3.63 to 3.65 of the Listings Requirements of the JSE Limited ("JSE"), the following information is disclosed: Name of director: Neville Bester Date of transaction: 7 April 2006 Number of securities: 1 000 000 Price per security: 78 cents per share Total value: R780 000.00 Class of securities: Ordinary shares Nature of transaction: Sale Nature and extent of director"s interest: Direct beneficial Clearance to deal was received in terms of paragraph 3.66 of the JSE Listings Requirements. Warning: The listing of the ordinary shares in the company is on the ALTX. Shareholders are advised of the risks of investing in a company listed on the ALTX. Shareholders are advised that the JSE does not guarantee the viability or the success of a company listed on the ALTX. In terms of the JSE Listings Requirements a designated advisor has to be retained by the company. The designated advisor is required to, inter alia, attend all board meetings held by the company to ensure that all JSE Listings Requirements and applicable regulations are complied with, approve the financial director of the company and guide the company in a competent, professional and impartial manner. If the company fails to retain a designated advisor it must make arrangements to appoint a new designated advisor within 10 business days, failing which the company faces suspension of trading of its securities. If a designated advisor is not appointed within 30 days of its suspension the company faces the termination of its listing without an offer to minority shareholders. Rosebank 10 April 2006 Designated advisor Java Capital (Proprietary) Limited Date: 10/04/2006 01:30:00 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department