MTX - Metorex Limited - Directors` dealings in securities

Release Date: 08/04/2011 17:39
Code(s): MTX
 
Wrap Text

MTX - Metorex Limited - Directors` dealings in securities Metorex Limited (Incorporated in the Republic of South Africa) (Registration number 1934/005478/06) Share code: MTX ISIN: ZAE000022745 Issuer code: MEMTX ("Metorex" or the "Company") DIRECTORS` DEALINGS IN SECURITIES Shareholders are referred to the joint firm intention announcement released on SENS on 8 April 2011 whereby details of the written proposal submitted by Vale S.A. (the "Offeror") through its wholly owned subsidiary, Vale, to the Company to acquire the entire issued and to be issued ordinary share capital of the Company (the "Offer") were provided. In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, Metorex hereby advises its shareholders of the following dealings by the associates of two directors of the Company: Name of director: Robert George Still Non-executive director of: Metorex Name of associate: Beankin Investments (Proprietary) Limited ("Beankin") Relationship with the director: Beankin is a family trust-controlled entity Date of transaction: 8 April 2011 Price per share (being the offer price in terms of the Offer): R7.35 Number of shares: 9 079 000 Total value: R66 730 650 Class of shares: Ordinary Extent and interest: Indirect and beneficial Trades carried out on-market or off-market: N/A Prescribed clearance given: Yes Name of director: Alberto Barrenechea Non-executive director of: Metorex Name of associate: Minersa Minerales y Productos Derivados, S.A ("Minersa") Relationship with the director: Mr Barrenechea is a director and shareholder in Minersa Date of transaction: 8 April 2011 Price per share (being the offer price in terms of the Offer): R7.35 Number of shares: 89 242 524 Total value: R655 932 551 Class of shares: Ordinary Extent and interest: Indirect and beneficial Trades carried out on-market or off-market: N/A Prescribed clearance given: Yes Name of director: Alberto Barrenechea Non-executive director of: Metorex Name of associate: S.A Sulquis
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