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Italtile Limited - Dealing In Securities By Directors

Release Date: 23/08/2005 12:56
Code(s): ITE
Wrap Text

Italtile Limited - Dealing In Securities By Directors Italtile Limited (Incorporated in the Republic of South Africa) (Registration number 1955/000558/06) Share code: ITE ISIN: ZAE000003679 ("Italtile") DEALING IN SECURITIES BY DIRECTORS In terms of paragraphs 3.63 - 3.65 of the JSE Limited Listings Requirements, the following information, relating to the dealing in securities by directors, is disclosed: Executive director: Mr G A M Ravazzotti Director of: Italtile Number of securities: 150 000 Date of transaction: 22 August 2005 Price: R42.00 per share Value of transaction: R6 300 000 Share class: Ordinary shares Extent of interest: Direct beneficial Nature of transaction: Shares paid for and taken delivery of as a result of the expiry of a vesting period as determined by
the Italtile Share Incentive Trust Clearance to deal obtained: Yes Executive director: Mr G E Ravazzotti Director of: Italtile Number of securities: 15 000 Date of transaction: 22 August 2005 Price: R44.00 per share Value of transaction: R660 000 Share class: Ordinary shares Extent of interest: Direct beneficial Nature of transaction: Shares paid for and taken delivery of as a result of the expiry of a vesting period as determined by
the Italtile Share Incentive Trust Clearance to deal obtained: Yes Executive director: Mr P D Swatton Director of: Italtile Number of securities: 50 000 Date of transaction: 22 August 2005 Price: R28.00 per share Value of transaction: R1 400 000 Share class: Ordinary shares Extent of interest: Direct beneficial Number of shares subsequently sold to the Italtile Share Incentive Trust: 9 000 Date of delivery and Subsequent sale: 22 August 2005 Nature of transaction: Shares taken delivery of as a result of the expiry of a vesting period as determined by the Italtile Share Incentive Trust. 9 000 of the delivered shares were subsequently sold to the Italtile Share Incentive Trust at R157.50 per share for a
total value of R1 417 500 Clearance to deal obtained: Yes Executive director: Mr C Trumpelmann Director of: Italtile Number of securities: 25 000 Date of transaction: 22 August 2005 Price: R44.00 per share Value of transaction: R1 100 000 Share class: Ordinary shares Extent of interest: Direct beneficial Number of shares subsequently sold to the Italtile Share Incentive Trust: 7 000 Date of delivery and Subsequent sale: 22 August 2005 Nature of transaction: Shares taken delivery of as a result of the expiry of a vesting period as determined by the Italtile Share Incentive Trust. 7 000 of the delivered shares were subsequently sold to the Italtile Share Incentive Trust at R157.50 per share for a
total value of R1 102 500 Clearance to deal obtained: Yes 23 August 2005 Investment bank and sponsor Nedbank Capital Date: 23/08/2005 12:56:13 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department