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JASCO ELECTRONICS HOLDINGS LIMITED - DIRECTOR DEALING IN SECURITIES

Release Date: 23/06/2017 17:15
Code(s): JSC     PDF:  
Wrap Text
DIRECTOR DEALING IN SECURITIES

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC    ISIN: ZAE000003794
("Jasco" or “the Group”)



DIRECTOR DEALING IN SECURITIES


In compliance with the requirements of rules 3.63 to 3.74 of
the    JSE    Limited   Listings    Requirements   (“Listings
Requirements”), the board approved the dealings in securities
by directors and accordingly the following information is
disclosed:

Name of company :         Jasco Electronics Holdings Limited
Name of director :        Warren Prinsloo, an executive director
                          of Jasco
Class of securities :     Jasco ordinary shares
Date of transaction :     21 June 2017
Nature of interest :      Direct beneficial
No of shares :            1 626 915
Transaction price :       92,5230 cents per share
Nature of transaction :   the shares were granted to Warren
                          Prinsloo on 2 June 2015 at 55 cents
                          per share in terms of the provisions
                          of the Jasco Employee Share Incentive
                          Trust and vested on 2 June 2017. Refer
                          to the SENS announcement dated 30 June
                          2015.
                          The board has elected that the Trust
                          repurchases the shares in accordance
                          with the terms of the Jasco Employee
                          Share Incentive Trust.
Value of transaction :    R1 505 269.78

Clearance to for the transaction have been obtained in terms of
section 3.66 of the Listings Requirements.


Johannesburg

23 June 2017

Sponsor: Grindrod Bank Limited

Date: 23/06/2017 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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