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CAP - Cape Empowerment Limited - Dealing in Securities by Director

Release Date: 09/02/2011 17:38
Code(s): CAP
Wrap Text

CAP - Cape Empowerment Limited - Dealing in Securities by Director Cape Empowerment Limited (Incorporated in the Republic of South Africa) (Registration number 1987/001807/06) ("Cape Empowerment" or "the company") Share Code: CAP ISIN: ZAE000145066 Dealing in Securities by Director In terms of paragraph 3.63 to 3.74 of the JSE Limited ("JSE") Listing Requirements the following information is disclosed: Surname: Rai First name: Shaun Louis Designation: Executive Director Date of transaction: 09 February 2011 Nature of transaction: Change in nature of interest - off market trade Securities: Ordinary shares Number of shares: 193 819 418 Price: 22 cents Total value: R42 640 271-96 Nature of interest: Change from indirect beneficial holding to direct beneficial holding as result of transfer into own name from his family trust, the KSK Trust Clearance to deal was obtained in accordance with section 3.66 of the JSE Listings Requirements. Cape Empowerment is currently renewing its Black Economic Empowerment ("BEE") rating as an essential component of its business strategy. As a result of the way in which the current BEE Codes deal with family trusts Mr Rai`s family trust ("the trust") may not qualify as a black shareholder. In order to ensure that Cape Empowerment`s status as a black-owned company is maintained Mr Rai has transferred the shares referred to above from the family trust to his own name. Cape Town 9 February 2011 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 09/02/2011 17:38:00 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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