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MVS - Mvelaserve Limited - Dealing in securities by director

Release Date: 16/03/2011 17:21
Code(s): MVS
Wrap Text

MVS - Mvelaserve Limited - Dealing in securities by director Mvelaserve Limited (Incorporated in the Republic of South Africa) (Registration number: 1999/003610/06) ISIN: ZAE000151353 Share Code: MVS DEALING IN SECURITIES BY DIRECTOR In compliance with the JSE Limited Listings Requirements, the following information is disclosed: Director : GE Roth Company : Mvelaserve Limited Date of transaction : 14 March 2011 Nature of transaction : On market purchase of securities Number of securities : 88 718 Class of securities : Ordinary shares Purchase price : R11,9461 Total value of transaction : R1 059 834
Nature of interest : Direct beneficial Clearance obtained : Yes Director : JMS Ferreira Company : Mvelaserve Limited Date of transaction : 14 March 2011 Nature of transaction : On market purchase of securities Number of securities : 195 417 Class of securities : Ordinary shares Purchase price : R11,9461 Total value of transaction : R2 334 471
Nature of interest : Direct beneficial Clearance obtained : Yes Director : MSM Xayiya Company : Mvelaserve Limited Date of transaction : 14 March 2011 Nature of transaction : On market purchase of securities Number of securities : 88 718 Class of securities : Ordinary shares Purchase price : R11,9461 Total value of transaction : R1 059 834 Nature of interest : Direct beneficial Clearance obtained : Yes Director : PA van Niekerk Major subsidiary : Protea Coin Group Date of transaction : 14 March 2011 Nature of transaction : On market purchase of securities Number of securities : 9 709 Class of securities : Ordinary shares Purchase price : R11,9461 Total value of transaction : R115 985 Nature of interest : Direct beneficial Clearance obtained : Yes During 2008 the Mvela Group Remuneration Committee resolved to commence a process to motivate and retain key management at Mvelaserve. As a result of the separate listing of Mvelaserve, the Mvela Group Remuneration Committee approved the payment of cash bonuses to various executives involved in Mvelaserve, subject to the successful listing on the JSE, and subject to the after tax cash being used to acquire Mvelaserve Ordinary Shares on the JSE with a lock-in period of 2 years. The above trades were executed with the after-tax proceeds of the cash bonuses paid to the various Mvelaserve executives in accordance with the policy outlined above and are subject to a 2 year lock-in period. Centurion 16 March 2011 Sponsor Investec Bank Limited Date: 16/03/2011 17:21:00 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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