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Network Healthcare Holdings Limited - Dealings in securities by director

Release Date: 12/09/2005 17:15
Code(s): NTC
Wrap Text

Network Healthcare Holdings Limited - Dealings in securities by director NETWORK HEALTHCARE HOLDINGS LIMITED (Co. Reg. No. 1996/004282/06) Code: NTC ISIN number: ZAE000011953 DEALINGS IN SECURITIES BY DIRECTOR We refer to the SENS announcement dated 09 September 2004, whereby it was announced that N Weltman had entered into a hedge over his shares over a one- year period, with an expiry date of 09 September 2005. Resultant from this transaction, N Weltman has sought to dispose of a portion of his shares and to enter into a new option collar. In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE Limited, the following information is disclosed: NAME OF DIRECTOR N Weltman DATE OF TRANSACTION 09 September 2005 NUMBER OF SHARES 800,000 CLASS OF SECURITY Ordinary NATURE OF TRANSACTION Sale PRICE PER SHARE 6.45 NATURE OF INTEREST Direct and beneficial NAME OF DIRECTOR N Weltman DATE OF TRANSACTION 09 September 2005 NUMBER OF SHARES 1,000,000 CLASS OF SECURITY Ordinary NATURE OF TRANSACTION Hedge over a portion of shareholding in order to secure finance. The Hedge comprises put and call options (an option collar) and expires on 09 September 2006.
FLOOR PRICE 5.81 CAP PRICE 7.18 NATURE OF INTEREST Direct and beneficial Prior written approval in terms of paragraph 3.66 of the JSE Securities Exchange South Africa Listings Requirements has been obtained. BERT KOK Assistant Company Secretary Tel No: (011) 301-0160 Fax No : (011) 301-0481 E-mail bkok@netcare.co.za 12 September 2005 Date: 12/09/2005 05:15:04 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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