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ITE - Italtile - Announcement Regarding The Results Of Special Dividend Payment
And Directors` Dealings
ITALTILE LIMITED
Registration number 1955/000558/06)
(Incorporated in the Republic of South Africa)
Share code: ITE
ISIN: ZAE000099123
("Italtile")
ANNOUNCEMENT REGARDING THE RESULTS OF SPECIAL DIVIDEND PAYMENT AND DIRECTORS`
DEALINGS
Results of special dividend payment
Shareholders are advised that the results of the special dividend payment with
the default being cash but with the option to elect an alternative of shares or
a combination of shares and cash, declared by the board of directors of Italtile
on 18 February 2010, are as follows:
Ratio for the issue of shares at 18.4615 shares
for every 100 shares held 123 532 370 shares
Cash dividend election 240 665 383 shares
Directors` dealings in securities
The following directors have elected to receive shares in terms of the special
dividend payment. Accordingly, in compliance with paragraph 3.63 to 3.65 of the
Listings Requirements of the JSE Limited, we hereby advise the following
dealings by a director in Italtile securities:
Name of director: Mr G A M Ravazzotti
Date of transaction: 29 March 2010
Nature of transaction: Rallen (Proprietary) Limited,
an entity in which Mr GAM
Ravazzotti has an effective 58%
interest, acquired 86 369 020
Italtile shares (Mr GAM
Ravazzotti`s effective indirect
beneficial interest being 50
094 031 Italtile shares)
Number of securities: 50 094 031
Price of securities: R3.25
Total value of securities: R162 805 600.80
Class of securities: Ordinary shares
Interest: Indirect, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE:
Name of director: Mr G A M Ravazzotti
Date of transaction: 29 March 2010
Nature of transaction: Rolrose (Proprietary) Limited,
an entity held 100% by Rallen
(Proprietary) Limited, in which
Mr GAM Ravazzotti has an
effective 58% interest,
acquired 3 132 098 Italtile
shares (Mr GAM Ravazzotti`s
effective indirect beneficial
interest being 1 816 616
Italtile shares)
Number of securities: 1 816 616
Price of securities: R3.25
Total value of securities: R5 904 002.00
Class of securities: Ordinary shares
Interest: Indirect, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE
Name of director: Mr G A M Ravazzotti
Date of transaction: 29 March 2010
Nature of transaction: Acquisition
Number of securities: 2 281 101
Price of securities: R3.25
Total value of securities: R7 413 578.25
Class of securities: Ordinary shares
Interest: Direct, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE
Name of director: Ms A Zannoni
Date of transaction: 29 March 2010
Nature of transaction: Rallen (Proprietary) Limited,
an entity in which Ms A Zannoni
has an effective 1% interest,
acquired 86 369 020 Italtile
shares (Ms Zannoni`s effective
indirect beneficial interest
being 863 690 Italtile shares)
Number of securities: 863 690
Price of securities: R3.25
Total value of securities: R2 806 992.50
Class of securities: Ordinary shares
Interest: Indirect, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE
Name of director: Ms A Zannoni
Date of transaction: 29 March 2010
Nature of transaction: Rolrose (Proprietary) Limited,
an entity held 100% by Rallen
(Proprietary) Limited, in which
Ms A Zannoni has an effective
1% interest, acquired 3 132 098
Italtile shares (Ms Zannoni`s
effective indirect beneficial
interest being 31 320 Italtile
shares)
Number of securities: 31 320
Price of securities: R3.25
Total value of securities: R101 790.00
Class of securities: Ordinary shares
Interest: Indirect, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE
Name of director: Mr G P E Ravazzotti
Date of transaction: 29 March 2010
Nature of transaction: Acquisition
Number of securities: 601,106
Price of securities: R3.25
Total value of securities: R1 953 594.50
Class of securities: Ordinary shares
Interest: Direct, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE
Name of director: Mr G P E Ravazzotti
Date of transaction: 29 March 2010
Nature of transaction: Rallen (Proprietary) Limited,
an entity in which Mr GPE
Ravazzotti has an effective 58%
interest, acquired 86 369 020
Italtile shares (Mr GPE
Ravazzotti`s effective indirect
beneficial interest being 50
094 031 Italtile shares)
Number of securities: 50 094 031
Price of securities: R3.25
Total value of securities: R162 805 600.70
Class of securities: Ordinary shares
Interest: Indirect, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE:
Name of director: Mr G P E Ravazzotti
Date of transaction: 29 March 2010
Nature of transaction: Rolrose (Proprietary) Limited,
an entity held 100% by Rallen
(Proprietary) Limited, in which
Mr GPE Ravazzotti has an
effective 58% interest,
acquired 3 132 098 Italtile
shares (Mr GPE Ravazzotti`s
effective indirect beneficial
interest being 1 816 616
Italtile shares)
Number of securities: 1 816 616
Price of securities: R3.25
Total value of securities: R5 904 002.00
Class of securities: Ordinary shares
Interest: Indirect, beneficial
Clearance in terms of paragraph
3.66 of the Listings Yes
Requirements of the JSE
Johannesburg
31 March 2010
Sponsor:
Barnard Jacbos Mellet Corporate Finance (Pty) Ltd
Date: 31/03/2010 17:30:01 Supplied by www.sharenet.co.za
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