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GDO - Gold One International Limited - Appendix 3Y change of director`s interest

Release Date: 09/03/2011 10:03
Code(s): GDO
Wrap Text

GDO - Gold One International Limited - Appendix 3Y change of director`s interest notice Gold One International Limited Registered in Western Australia under the Corporations Act, 2001 (Cth) Registration number ACN: 094 265 746 Registered as an external company in the Republic of South Africa Registration number: 2009/000032/10 Share code on the ASX/JSE: GDO ISIN: AU000000GDO5 OTCQX International: GLDZY ("Gold One" or the "company") APPENDIX 3Y CHANGE OF DIRECTOR`S INTEREST NOTICE Gold One today, 9 March 2011, submitted to the Australian Securities Exchange ("ASX") an Appendix 3Y "Change of Director`s Interest Notice" in respect of the acquisition of 1,500,000 single stock futures over ordinary shares by Chief Executive Director, Neal John Froneman. The Appendix 3Y was accompanied by the following cover letter: QUOTE APPENDIX 3Y - CHANGE OF DIRECTOR`S INTEREST NOTICE - COVER LETTER Attached please find an Appendix 3Y in respect of Mr Neal Froneman, which contains details of the single stock futures ("SSFs") over GDO shares purchased by Mr. Froneman. SSFs are futures contracts on individual shares.SSFs give the holder economic exposure to the underlying shares without the holder being the owner of those shares. The SSFs do not carry any voting rights in respect of the relevant shares. SSFs are not issued by the company whose shares underly the SSF but by a third party who owns the underlying shares.SSFs are traded on the JSE and, according to its own data, the JSE was recently ranked number one in the world in terms of traded volumes of SSFs. The SSFs held by Mr. Froneman are contracts to buy the underlying GDO shares at a fixed date in the future at a price equal to the market value of the shares at the date of expiry of the relevant SSF contract, less the margin that Mr. Froneman is required to maintain from the original transaction date. Mr. Froneman`s SSFs expire at the end of each quarter (March, June, September and December). Prior to the SSFs expiring, Mr. Froneman has the option to pay a fee and to roll the contracts forward for a further quarter. Mr. Froneman can take delivery of the physical GDO shares at any time during the life of the SSF by simply putting up the cash difference between the margin he has already paid and the then current price of the share. Pierre Kruger Company Secretary UNQUOTE APPENDIX 3Y CHANGE OF DIRECTOR`S INTEREST NOTICE QUOTE NAME OF ENTITY Gold One International Limited ABN 35 094 265 746 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. 1. Name of Director Neal John Froneman 2. Date of last notice 1 June 2010 PART 1 - CHANGE OF DIRECTOR`S RELEVANT INTERESTS IN SECURITIES 1. Direct or indirect interest Direct 2. Nature of indirect interest (including registered holder) Neal John Froneman 3. Date of change 3 March 2011 4. No. of securities held prior to change 170,000 fully paid ordinary shares 11,877,743 unlisted options 3,700,000 single stock futures over ordinary shares 5. Class Single Stock Futures 6. Number acquired 1,500,000 7. Number disposed Nil 8. Value/Consideration ZAR 3,832,650 9. No. of securities held after change 170,000 fully paid ordinary shares 11,877,743 unlisted options 5,200,000 single stock futures over ordinary shares 10. Nature of change Open market purchase PART 2 - CHANGE OF DIRECTOR`S INTERESTS IN CONTRACTS Not applicable PART 3 - CLOSED PERIOD 1. Were the interests in the securities or contracts detailed above traded during a closed period where prior written clearance was required' No 2. If so, was prior written clearance provided to allow the trade to proceed during this period' Not applicable 3. If prior written clearance was provided, on what date was this provided' 2 March 2011 UNQUOTE Parktown 9 March 2011 JSE SPONSOR Macquarie First South Advisers (Pty) Limited Date: 09/03/2011 10:03:02 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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