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MNY - Moneyweb Holdings Limited - Dealing in securities by directors

Release Date: 10/01/2011 17:15
Code(s): MNY
Wrap Text

MNY - Moneyweb Holdings Limited - Dealing in securities by directors MONEYWEB HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1998/025067/06) JSE code: MNY ISIN: ZAE000025409 ("Moneyweb" or "the Company") DEALING IN SECURITIES BY DIRECTORS Shareholders are referred to the announcement dated 18 November 2010 and the circular, dated 10 December 2010, regarding the mandatory offer by Caxton and CTP Publishers and Printers Limited(Company number:1947/026616/07)("Caxton") to acquire the ordinary shares in Moneyweb at a price of 68 cents per share held by shareholders of the Company not part of the voting pool ("the circular"). LM Hogg, a director of Moneyweb, indicated that she wished to accept the offer in respect of her holding of 18 631 373 ordinary shares in Moneyweb. However AB Hogg, who has a pre-emptive right on these ordinary shares, exercised his pre- emptive right to acquire these shares on substantially the same terms and conditions and the same price as set out in the circular. Consequently, and in compliance with sections 3.63 to 3.70 of the Listings Requirements of the JSE Limited, the following information is disclosed in relation to dealings by directors in the Company`s securities: Name of director: LM Hogg (non-executive director) Date of transaction: 7 January 2011 Class of security: Ordinary shares Total number securities: 18 631 373 Price: 68 cps Total value: R12 669 334 Nature of transaction: Sale Extent of interest: Direct beneficial Clearance to deal Obtained Where dealt: On-Market Name of director: AB Hogg (executive director) Date of transaction: 7 January 2011 Class of security: Ordinary shares Total number securities: 18 549 738 Price: 68 cps Total value: R12 613 822 Nature of transaction: Purchase Extent of interest: Direct beneficial Clearance to deal Obtained Where dealt: On-Market AB Hogg subsequently entered into a transaction to sell certain of the ordinary shares so acquired to Caxton: Name of director: AB Hogg (executive director) Date of transaction: 7 January 2011 Class of security: Ordinary shares Total number securities: 15 549 738 Price: 68 cps Total value: R10 573 822 Nature of transaction: Sale Extent of interest: Direct beneficial Clearance to deal Obtained Where dealt: Off-Market Johannesburg 10 January 2011 Designated Adviser Vunani Corporate Finance Date: 10/01/2011 17:15:01 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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