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BVT - Bidvest - Directors` dealings in securities

Release Date: 08/04/2011 10:12
Code(s): BVT
Wrap Text

BVT - Bidvest - Directors` dealings in securities THE BIDVEST GROUP LIMITED ("Bidvest") (Registration number 1946/021180/06) Share code: BVT ISIN ZAE000117321 DIRECTORS` DEALINGS IN SECURITIES In compliance with Rules 3.63 - 3.74 of the JSE Listing Requirements, the following information is disclosed: The following director has exercised his rights and sold shares in terms of the Bidvest Incentive Loan Scheme as follows: Executive Director: Anthony William Dawe Number of options: 20 000 Price of options R108.54 Date of transaction: April 5 2011 Number of shares sold 20 000 Selling price: R150.22537 Total Value: R3 004 507.40 Class of shares: Ordinary Nature of transaction: Sale of loan scheme shares Nature of interest: Beneficial The purchase price of the shares and interest capitalised amounting to R2 198 968.58 was deducted from the proceeds of the sale of the shares and utilised to reduce the total carrying value of the loan. Net proceeds payable to AW Dawe, prior to any personal taxes being paid, was R805 538.82. Clearance in terms of paragraph 3.66 was obtained from the Chief Executive of The Bidvest Group Limited. All the dealings in securities were done on-market. Date: April 8 2011 Johannesburg Sponsor: Investec Date: 08/04/2011 10:12:02 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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