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TKG - Telkom - Notification Of Share Dealings By A Director

Release Date: 26/06/2009 12:46
Code(s): TKG
Wrap Text

TKG - Telkom - Notification Of Share Dealings By A Director Telkom SA Limited Incorporated in the Republic of South Africa Registration number: 1991/005476/06 JSE and NYSE Share code: TKG ISIN: ZAE 000044897 ("Telkom" or "the Company") NOTIFICATION OF SHARE DEALINGS BY A DIRECTOR Shareholders are referred to the resolution approved by shareholders at the general meeting of the Company on 26 March 2009 as well as SENS announcement of 31 March 2009 relating to the amendment to the Telkom conditional Share Plan and agreement with senior executives regarding their early vesting benefits of their June 2010 shares. Through this agreement the early vesting benefits being Vodacom Group Limited ("Vodacom") securities and special dividend will be realised and utilised in purchasing Telkom shares on the JSE. The Telkom shares purchased under the early vesting benefit will be subject to the senior executives remaining in the employ of the Company until June 2010. Pursuant to the above agreement, the total cash consideration of the early vesting benefits of the 2010 vesting Telkom options amounted to R1 397 458 representing by the sale of 26 457 Vodacom shares at an average price of R52,82 and R502 683 of special dividend. Utilising this total cash R1 900 141 consideration Telkom shares were purchased in the open market, details of which are set out below: Name of director : RJ September Category of director : Group Chief Executive Officer Name of company : Telkom SA Limited Date of transaction : 24 and 25 June 2009 Price of securities : R36,38 (average) Number of securities : 52 039 ordinary shares Total value of securities : R1 893 178 Class of securities : Ordinary shares Nature of transaction : purchase of ordinary shares Interest (i.e. direct/indirect etc.) : Direct beneficial Clearance to deal received : Yes Telkom Securities purchased will be warehoused and will vest as follows: Number of Securities : 52 039 Class of securities : Ordinary shares Securities consideration : Nil Option vesting dates : 52 039 ordinary shares during June 2010 In addition, Mr RJ September, in his private capacity, purchased Telkom Shares in the open market, details of which are set out below: Name of director : RJ September Category of director : Group Chief Executive Officer Name of company : Telkom SA Limited Date of transaction : 24 and 25 June 2009 Price of securities : R36,38 (average) Number of securities : 25 291 ordinary shares Total value of securities : R920 086 Class of securities : Ordinary shares Nature of transaction : purchase of ordinary shares Interest (i.e. direct/indirect etc.) : Direct beneficial Clearance to deal received : Yes PRETORIA 26 June 2009 Transaction Sponsor to Telkom SA Limited J.P. Morgan Equities Limited Date: 26/06/2009 12:46:04 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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