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Purchase of Shares by Directors
MMI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2000/031756/06)
ISIN Code: ZAE000149902
Share Code: (JSE) MMI
Share Code: (NSX) MIM
(“MMI Holdings”)
PURCHASE OF SHARES BY DIRECTORS
In compliance with the JSE Limited Listing Requirements, the following share
transactions are disclosed in respect of the executive directors.
In terms of a private long term funding transaction with Rand Merchant
Insurance Holdings Limited (“RMIH”), the following executive directors have,
in their individual capacities, purchased MMI shares and European Call
Options on MMI shares as follows.
Director : Nicolaas Abraham Stefanus Kruger
Company : MMI Holdings and MMI Group Limited
Nature of transaction : On market purchase of securities
Nature and extent of interest : Indirect Beneficial
Class of securities : Ordinary shares
Date of transaction : 7 December 2015
Number of securities : 96,178
Volume weighted average purchase price : R22.24
Highest purchase price : R22.30
Lowest purchase price R22.18
Total value of transaction : R2,138,998.72
Date of transaction : 8 December 2015
Number of securities : 631,105
Volume weighted average purchase price : R21.8093
Highest purchase price : R21.95
Lowest purchase price : R21.60
Total value of transaction : R13,763,958.28
Date of transaction : 9 December 2015
Number of securities : 797,486
Volume weighted average purchase price : R22.3182
Highest purchase price : R22.78
Lowest purchase price : R21.96
Total value of transaction : R17,798,452.05
Date of transaction : 7 December 2015
Nature of transaction : Off market purchase of European
call options in respect of MMI
ordinary shares
Number of options : 1,524,769
Class of securities : Ordinary shares
Option reference price : R22.1026
Option strike price : R39.7847 (180% of reference price)
Option expiration date : Ranging from 2 November 2020 to 13
November 2020
Director : Mary Vilakazi
Company : MMI Holdings and MMI Group Limited
Nature of transaction : On market purchase of securities
Nature and extent of interest : Indirect Beneficial
Class of securities : Ordinary shares
Date of transaction : 7 December 2015
Number of securities : 38,471
Volume weighted average purchase price : R22.24
Highest purchase price : R22.30
Lowest purchase price : R22.18
Total value of transaction : R855,595.04
Date of transaction : 8 December 2015
Number of securities : 252,442
Volume weighted average purchase price : R21.8093
Highest purchase price : R21.95
Lowest purchase price : R21.60
Total value of transaction : R5,505,583.31
Date of transaction : 9 December 2015
Number of securities : 318,994
Volume weighted average purchase price : R22.3182
Highest purchase price : R22.78
Lowest purchase price : R21.96
Total value of transaction : R7,119,371.89
Date of transaction : 7 December 2015
Nature of transaction : Off market purchase of European
call options in respect of MMI
ordinary shares
Number of options : 609,907
Class of securities : Ordinary shares
Option reference price : R22.1026
Option strike price : R39.7847 (180% of reference price)
Option expiration date : Ranging from 2 November 2020 to 13
November 2020
Clearance to deal has been obtained for all the aforementioned transactions.
CENTURION
10 December 2015
Sponsor in South Africa
Merrill Lynch South Africa (Pty) Limited
Sponsor in Namibia
Simonis Storm Securities (Pty) Limited
Date: 10/12/2015 02:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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